Palisades Medical Center Announces New Ambulatory Care Center

Palisades Medical Center has announced the development of its new on-campus outpatient center. This 56,000-square-foot facility will provide state of the art ambulatory care services including day surgery. The facility will also provide medical office space for the hospital's medical staff.

Groundbreaking is scheduled for the fall of 2011 with completion in late 2012. The project is being co-developed by AMB Development Group and Duke Realty. In addition, Duke Realty will provide project financing.

"The new facility extends our ability to deliver comprehensive, high-quality outpatient care to the residents of our community," said Bruce J. Markowitz, President and CEO of Palisades Medical Center. "The on-campus medical office space will provide a one-stop convenience for physicians and their patients. It is critical in today's healthcare environment to create facilities that support our mission and goals through operational efficiencies, patient comfort, and clinical outcomes."

About Palisades Medical Center

Palisades Medical Center is located at 7600 River Road in North Bergen, NJ, and serves a population of 400,000 in Hudson and Southern Bergen Counties. The non-profit Medical Center is a member of the New York-Presbyterian Healthcare System, and features a 202-bed hospital and The Harborage, a 245-bed nursing home and rehabilitation center. Palisades is the largest employer in its service area with more than 1,300 employees and it has an annual operating budget of approximately $150 million. The State of New Jersey's annual healthcare report card ranked Palisades as one of the top hospitals in the state and #1 in Hudson County. Palisades was also one of only two hospitals in New Jersey to receive a perfect 100% score in treating heart attack patients. The State's annual evaluation showed that The Harborage at Palisades has "Zero Deficiencies" for the third consecutive year. For more information, please call (201) 854-5000 or visit www.palisadesmedical.org.

About AMB Development Group

AMB, with over 25 years of outpatient facility focused experience, provides planning, programming, design, engineering and project development services. AMB has developed over 500 projects for healthcare providers nationwide.

About Duke Realty

Duke Realty, a NY Stock Exchange traded REIT, is one of the largest commercial real estate companies in the United States, with 139 million square feet of industrial, office and medical office properties in 18 major U.S. cities.