Photo of 2614 Jefferson Highway via Stirling Properties.
A joint venture made up of Stirling Properties and the Ochsner Clinic Foundation have closed on the acquisition of the new Ochsner rehabilitation hospital located at 2614 Jefferson Highway in Jefferson, Louisiana.
This new addition to Ochsner’s Main Campus West is a five-story, 129,875-square-foot medical building. It will house three separate high-demand healthcare components, including Long Term Acute Care, Inpatient Rehabilitation, and a Skilled Nursing Facility. Ochsner will be the primary operator in the new building, along with Select Medical and LHC Group.
Construction started on the development in early 2017, and building and site work is now complete. The facility plans to open by the 2nd quarter of 2018.
CSB couldn’t obtain the purchase price paid by Stirling Properties for the acquisition, but the total project cost was apparently $59,775,000. IBERIABANK provided the debt financing.