Accretive Realty Advisors acquired its first NorCal property that is approved for a four-story patient-centric facility and parking structure
SANTA ROSA, Calif., Sept. 12, 2022 — Accretive Realty Advisors, an Orange County-headquartered healthcare real estate developer, is planning to build a four-story, 93,000 sq. ft., state-of-the-art medical office building and adjacent parking structure two blocks from Memorial Hospital in Santa Rosa.
Designed by renowned architect Gensler, the highly efficient and accessible Brookwood Medical will support health and wellness through careful attention to an elevated patient experience. The facility’s roadside visibility and dedicated patient drop-off/pick-up area will ease patients and visitors into a welcoming lobby imbued with a calming, natural feel. The building’s plans will allow doctors to design specialized spaces to optimize patient service and be capable of accommodating outpatient surgery, diagnostic imaging and multi-specialty services. Additionally, a walking path will be renovated along Santa Rosa Creek that easily and conveniently connects Brookwood Medical to Memorial Hospital.
“Our buildings are developed for patients, as well as doctors, with an emphasis on delivering the most modernized and technologically advanced care within sustainable and comforting environments,” says Accretive CEO Thomas LeBeau. “Our clients are not just the medical professionals in the buildings we design and manage, but also the people who come to visit them. We’re confident that our people-centric mindset benefits doctors and patients alike.”
In addition to the advanced design and patient care features, Brookwood Medical will have technologically advanced energy features for renewable energy generation and the ability to function at times without sourced power, such as solar paneling, battery backup storage and backup generators.
Brookwood Medical will be Accretive’s first development in Northern California. Accretive identified Santa Rosa and Sonoma County with a growing market that has outpaced the healthcare needs and capacity of the region. With the exception of hospital and support facilities developed by the region’s major healthcare providers, this will be Santa Rosa’s first developer-led building designed exclusively for medical offices since 1983.
According to Accretive’s real estate broker for Brookwood Medical, Garth Hogan, who serves as executive managing director of the Healthcare West division for Newmark Knight Frank, “Sonoma County’s many functionally obsolete medical buildings make the area ripe for more — and more modernized — health care.”
Brookwood Medical was approved by the City of Santa Rosa’s Design Review Board and is pending for final City approval. Once approved, Accretive anticipates that construction will begin in Q1 2023. Discussions between Accretive and potential tenants are underway.
About Accretive Realty
Accretive Realty Advisors is a commercial real estate management and development company headquartered in Orange County, California. Founded in 2003 to acquire, develop and manage commercial medical office buildings throughout California, Accretive Realty focuses on maintaining and protecting the value of the assets it manages. For more information, please visit https://accretiverealty.com.