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Boston & New England  + New England  + Healthcare  | 
Rockland Trust has provided $29 million to Waterstone Properties Group for the construction of a surgical pavilion at Heywood Hospital in Gardner, MA.

Waterstone Properties to Expand Heywood Hospital in Gardner with Rockland Trust-Led $29M Financing

Rockland Trust has led a $29-million financing package to Waterstone Properties Group for the construction of a surgical pavilion expansion at Heywood Hospital in Gardner, MA. The facility averages 7,000 annual procedures.

 The planned capital improvements will address upgrades needed to the surgical suite that was originally built in the 1960s and continues to be one of the most critically important areas of the hospital. The premier pavilion will expand to approximately 44,420 square feet and include six state-of-the-art operating rooms, and an 18-bed pre-operation/post anesthesia care unit, a patient preparation and recovery area and a staff support space.

Waterstone also plans to develop a site pad for Shields Health Care Group’s new 1.5T MRI.

“Heywood Hospital is and anchor institution for the community and this upgrade will help the hospital provide critical services and continue to be a vital resource in Gardner” said Josh Levy, principal at Waterstone Properties.


Inside The Story

Waterstone Properties Group's Levy

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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  • ◦Financing