Cornerstone to develop medical office building in Carmel

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Cornerstone plans to develop a three-story, 40,000-sq.-ft. medical office building in Carmel.

The company recently closed on a three-acre parcel of land at 12174 North Meridian St. in Carmel.

Known as Carmel Medical Arts Pavilion, the project will include four healthcare tenants. The facility will feature covered physician parking, an outdoor terrace on the third floor and limestone upgrades.

Cornerstone will serve as the developer, construction manager and eventual property manager for the project.

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