What can we build for you?
Hock Development is a real estate development company that specializes in full service facility development for a variety of clients including healthcare systems, private physician groups, professional service firms, charter schools, corporations and many others. Our development company will finance, design and build projects in a timely, cost-effective and high quality manner beginning with the infrastructure to the final completion and occupancy of your building or project. We have built and developed over 2.5 million square feet of property all over the United States but primarily in the Southeast, Northeast and Midwest. Our clients range from Fortune 500 companies to venture capital-funded biotech companies, from hospital companies to individual medical practices and from charter schools to institutions of higher education.
Build-to-suit projects have been our company’s focus for over 40 years and our track record of quality real estate development has been designed to meet specific needs of many clients such as HealthTrust, Duke University Medical Center, Rhone-Poulenc Rorer, Clinical Trial Services, Centeon Bio-Services, Merix Bioscience, Cogent Neuroscience, Duke Central Core Laboratory, Voyager School, Almac and many more.
The key to our success has been the efficient combination of our development services coupled with our related construction company, G.M. Hock Construction, Inc. We bring a seasoned team of professionals to each project. These include architectural, engineering and construction scheduling services, in addition to full-service construction capabilities. Because we combine a full-service construction company with our development capabilities, we maintain absolute control over project costs and completion. Each project is approached with a long-term mindset which ensures that the level of service continues after construction and into property management. Hock’s equity in every project represents its inherent commitment to each of its clients.
Our financing formula transfers 100% of the project investment away from the client in many cases fashioned as an “off-balance sheet” lease – no capital outlay or financial report impact. Our innovative models minimize real estate and financial risk to the client. The company has satisfied the pre-lease development requirements of Duke University Medical Center, Columbia/HCA and others over multiple projects including sponsorship restrictions governing the project’s ownership, use and maintenance. While our development quality is at the top of the industry, it is a competitive cost provider for the following reasons:
- Cost efficiency delivered by having a related construction company, G.M. Hock Construction, Inc., and a development company under one umbrella.
- Design and documentation efficiencies due to our industry experience, as well as doing multiple projects with individual clients.
- Financing efficiencies derived from long-standing relationships with national and regional banks, life insurance companies, REITs and other capital sources.
In other words, we can design your project, finance your project, build your project, manage your project - all you have to do is focus on your business! It can’t get any easier than this…