Health and Hospital Corporation of Marion County has chosen Duke Realty Corp. (NYSE:
DRE) and Browning investments to develop a faculty office building for the New Wishard Project in Indianapolis.
Indianapolis-based Browning Investments and Duke Realty have worked on several commercial real estate projects in the Indianapolis metro.
The New Wishard project, scheduled for delivery at the end of 2013, includes a 327-bed inpatient hospital. Wishard project leaders registered the 1.2 million-square-foot campus to achieve U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED ) Silver certification that will make it the first newly built hospital in Indiana and one of 10 in the country certified LEED Silver or higher.
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The project to construct a new Wishard will create 4,400 jobs. Marion County voters overwhelmingly approved a measure allowing the project in the November 2009 election and Wishard began work immediately.
Duke Realty, one of the largest publicly traded REITs in the U.S., has offices in 18 U.S. cities and owns and manages more than 134 million square feet. In the Indianapolis area, Duke Realty has developed nearly $500 million of property in the past two decades, including Park 100, Parkwood Crossing and Anson.
Privately owned Browning Investments, founded in 1977, has developed, built, leased and/or managed more than 15 million square feet, including 6.5 million square feet of office -- mostly in the Indianapolis metro -- including development of the North Meridian Corridor.