In 2009 over fifty percent of Read King’s development and leasing activity in our retail platform was generated from medical related businesses. We observed a shift in the medical industry from the traditional on-campus buildings to doctors viewing their practices as a patient centric retail business. The shift to the retail storefront benefitted both the doctors and their clients through convenient access, ample parking, visibility, and street signage, all in a highly identifiable and synergistic location.
Through our development efforts to accommodate those users in our own projects, we were afforded the opportunity to develop additional medical facilities in other markets. Read King Medical Development was formed as a full service real estate partner to deliver the same level of service and expertise to our medical clients that we have delivered for 25 plus years to our retail clients. Read King Medical Development provides a comprehensive approach to market development from strategic market consulting, site selection, project financing, building design, construction supervision and property management.