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St. Mary's hires broker to sell hospital

St. Mary's hires broker to sell hospital

February 8th, 2013 in News

With St. Mary's Health Center relocating to a new facility in January 2015, the center announced Friday it has hired Sansone Group of St. Louis to work with potential buyers to purchase and redevelop the current center's site, 100 St. Mary's Medical Plaza.

"We're very committed to our current location being a thriving part of Jefferson City's future," said St. Mary's President Brent VanConia. "Its ideal location near downtown makes it an outstanding place for the right kind of development."

Sansone Group has been in commercial real estate and development for more than 50 years.

Michael Carlson, senior executive director of the office brokering division with Sansone Group, said it's highly likely that multiple types of users will have interest in the property, mainly hotel, convention or some type of higher-end entertainment component.

"Your traditional retail users probably aren't the best candidates, just because the size of the site," Carlson said.

The 350,000-square-foot facility sits on nine acres of property.

Both VanConia and Carlson believe it would be a great location for the city's proposed convention center, although the health center did not submit a proposal to the city when it was taking proposals in January. VanConia said the timing wasn't right for the health center to submit such a proposal, because a developer had not yet been secured.

Read additional details in this Saturday follow up.