Daily Independent (Ashland, KY)

Local News

April 11, 2008

OLBH buys Addington building for $2.8 million

Hospital officials unsure of plans for its new purchase

RUSSELL — Our Lady of Bellefonte Hospital has bought the Addington Corporate Center building and the 41 acres it sits on for $2.8 million.

The hospital hasn’t decided what to do with the building yet, but officials say the property will provide room for its rapidly expanding campus.

The 188,300 square-foot building at 2000 Ashland Drive, is one of two that originally housed Ashland Inc. corporate offices. OLBH already owns the other building, known now as Bellefonte Centre.

Both are situated close to the hospital itself atop a parklike, wooded hill in Russell. The 41 acres includes a portion of the woods.

The OLBH Foundation provided $1 million for the purchase, with the balance from Bon Secours Health System, said hospital spokesman Kevin Compton.

The foundation grant was the largest in its history, Compton said.

The hospital will spend some time reviewing its needs before deciding what to do with the building, Compton said.

However, it is virtually certain the hospital will find a use for it. In the less than three years OLBH has occupied Bellefonte Centre, it has developed about 70 percent of that space, Compton said.

Currently the building houses an imaging center and a diabetes and wound care facility; a women’s center is set to open this summer. Also, two floors house physician office space.

The two structures are connected through an underground passageway.

Other expansion at the hospital includes a nearly-completed emergency room renovation and completion of a same-day surgery center expansion.

OLBH bought the building from W.B. Ventures, an intellectual property holding company.

MIKE JAMES can be reached at mjames@dailyindependent.com or at (606) 326-2652.

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