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Mercy Hospital's Move Home will Add to Commercial Property Glut - KOAM TV 7

Mercy Hospital's Move Home will Add to Commercial Property Glut

Updated:
 Commercial building vacancies are expected to boom in Joplin  as Mercy hospital begins its move home.

 After the 2011 tornado hit St. John's, the hospital, now named Mercy,  moved staff into spaces all across Joplin .

President and CEO Gary Pulsipher says, “At any one time, that was two hundred fifty  people that were working in various  sites around town. It was a big deal."

Now Mercy doesn't need those leased spaces.

Commercial realtor David Glenn says, "We have a glut of empty space in Joplin currently and that's gonna get a lot worse when Mercy moves into the new hospital."

Pulsipher says it shouldn't be a surprise. "We did it all very upfup frontjust did short term leases,  just to get us through the storm to give us  a chance to rebuild and get us together again. So all those folks we leased properties  from knew it was just a short term arrangement  for us." 

Mercy executive offices in the Hometown Bank building have been vacated.

 And  staff will soon leave a site on 32nd and Indiana and in the Silver Creek Galleria.

Pulsipher says,  "We were told those folks (Galleria)  would be demolishing that building  and so when we leased it for three  years, we assumed they would be taking that down and building elsewhere."

Mercy computer training will move out of the old girl scout building on 7th street, along with Mercy's  Range Line Convenient Care facility  and into a new facility near academy sports.

The biggest structure to be emptied is the temporary hospital itself.

Pulsipher says, "We are working on two or three options right now.  I don't know definitely  what's going to happen with that building but we think it would be a great community resource for a long time."

 Adding to the glut of properties  is the new construction of office space that's has plenty to lease.  That's now in competition with those left vacant by Mercy.

Glenn says, "Building owners that don't want to sit on empty buildings,  they're gonna have  to lower their lease rates in order to get tenants."

And even Mercy will have some empty space available. It's moving imaging and other services out of the Thousand Oaks building but  has a ten year lease there.

Mercy now owns a north Main street facility so it will keep that. While sending temporary physician buildings back to the owners leaving an  area of the old St. Johns a blank space .

     Pulsipher says Mercy will also tear-down the cancer facility on Maiden Lane so that Irving school will eventually have a beautiful campus.
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