MedImpact Expands Corporate Headquarters with Groundbreaking of Second Building
Sudberry Properties Oversees Development of 158,000-sq.-ft.
Office Building at Watermark in Scripps Ranch
SAN DIEGO – Sudberry Properties has announced the start of construction for the second MedImpact corporate headquarters campus building, a 158,000-square-foot, six-story building with an adjacent four-level parking structure at 10159 Scripps Gateway Court.
Sudberry Properties is the development and construction manager for MedImpact, the nation’s largest privately held pharmacy benefit manager (PBM). The new facility is an extension of MedImpact’s existing corporate headquarters building, which Sudberry Properties completed in 2010.
“MedImpact has aggressive growth goals, and this expansion will enable us to better accommodate that growth,” said Greg Watanabe, MedImpact president and chief operating officer. “This new addition to our corporate headquarters will also enable us to streamline efficiencies and increase collaboration by relocating staff from multiple buildings to a more centralized location.”
The development team includes Architects Hanna Gabriel Wells, GroundLevel Landscape Architecture and Swinerton Builders. Completion is scheduled for December 2018.
“The new facility was designed to complement MedImpact’s existing office and further enhance the business campus environment,” said Colton Sudberry, president of Sudberry Properties. “The exterior utilizes similar natural stone and an abundance of glass,” he said.
Set on 5.17 acres, Watermark Building 2 will include a large outdoor courtyard for casual meetings, social gatherings and exercise. The two buildings will be connected by a pedestrian bridge, both of which will be situated in the outdoor courtyard.
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About Sudberry Properties
San Diego-based Sudberry Properties specializes in urban retail, community, and town center developments with an emphasis on mixed-use projects and master-planned communities. Since its inception in 1979, Sudberry Properties has developed approximately 10 million square feet of retail, office, apartments, and industrial projects with a market value exceeding $1.5 billion in San Diego, Riverside and Los Angeles counties, as well as Nevada and Texas. Projects include Village Walk at EastLake, Carmel Mountain Ranch Town Center, Fenton Marketplace, Rio Vista Shopping Center, Millenia Commons and Cornerstone Business Center. Currently, in addition to several retail town centers, the company is developing Civita, a $2 billion, 230-acre, walkable village in Mission Valley on the site of a former sand and gravel quarry. www.sudprop.com
MedImpact, an independent, trend-focused PBM™, is the nation’s largest privately held PBM, serving health plans, self-funded employers and government entities. Our business model is unique. We focus on effectively managing client pharmacy benefits to promote Lower Cost and Better Care through One Source. Our model aligns us with our clients. We help promote prescribing of lower-net-cost, medically appropriate drugs with fulfillment at the most appropriate participating pharmacy providing competitive pricing, good value and high-quality service. Our number-one goal is client satisfaction by providing flexible solutions and member-centric products with a focus on lowest-net cost and quality outcomes. For more information, go to: https://pbm.medimpact.com/
Barbara Metz, Metz PR (858) 677-0720 email@example.com
Verona Macdonell, MedImpact, (858) 790-6599, Verona.Macdonell@medimpact.com