Southside Regional Medical Center engaged Rendina Companies to develop this 3-story, 45,000 gross square foot physician office building that will become a distinctive landmark on the hospital campus and enhance the quality of healthcare for the Tri-Cities area.  The building will be designed to maximize the efficiency of custom-designed medical office suites and includes convenient and ample parking for patients and tenants.

The facility’s unique Equity Participation Program, which affords physicians a piece of ownership in the entire building with no cash buy-in, is an additional benefit.  Unlike a traditional lease program where the developer keeps 100% of the rental income and equity in the project, the physicians in the Southside Regional Medical Arts Pavilion will own a significant portion of the building.  The rental rate is effectively reduced for physician-tenants through the receipt of quarterly cash flows.  Owner-tenants also partake in the accumulation of the building’s equity allowing physicians to receive their proceeds from this equity upon the sale of the building.  Over $250 million have been distributed to owner-tenants in our buildings around the country through the implementation of this program.