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A partnership between two South Florida investment firms sold a Weston office building for $8.9 million.

Highline Real Estate Capital, based in Miami, and Sefira Capital, based in North Miami Beach, sold the 27,000-square-foot building at 1040 Weston Road, according to a press release.

The buyer is Shaked 21 LLC, managed by husband and wife Sagi and Anat Shaked. Sagi Shaked is a personal injury attorney and real estate agent in Aventura. Anat Shaked is also an attorney, according to records.

The real estate investment firms bought the building, constructed in 1990, in a two-building, $13 million deal in 2017, according to the release.

The building’s occupancy rose from 84 percent to 100 percent over the three years. The partnership is led by Highline principal David Moret. Sefira was founded by managing partners Aby Galsky and Mijael Attias.

Avison Young represented the seller.

The building is anchored by JPMorgan Chase, but most of the tenants are medical use, including Advanced OBGYN Institute, Sweet Tooth Pediatric Dentistry and Zombek Orthodontics.

 

Source:  The Real Deal

 Cleveland Clinic Florida purchased 44 acres near its Tradition Hospital from the city for $5.7 million, but what might be built there remains unknown.

The health-care giant has grown its operation in Tradition significantly since acquiring Martin Health System, the owner of Tradition Hospital, nearly two years ago.

Last year it took over the former Vaccine & Gene Therapy Institute of Florida facility in Tradition, renamed it the Florida Research and Innovations Center and in April transformed it into a global and emerging-pathogens center to conduct COVID-19 research and more.

While the land deal lays the groundwork for continued expansion in Tradition, hospital officials said they have no immediate plans for the newly purchased property in Southern Grove.

For now, hospital spokesman Scott Samples said, Cleveland Clinic is still analyzing what medical services the community needs.

Cleveland Clinic still could develop the site, north of Discovery Way, for the  $30 million Neuroscience Center of Excellence that Martin Health proposed in August 2018.

The neuroscience center was proposed to meet the need for stroke treatment, brain and spine surgery and neurology on the Treasure Coast and northern Palm Beach County, officials said.

At the time, officials said It would create about 150 jobs over five years, and Martin Health even received an economic-incentives package from the city of Port St. Lucie to build the center.

Since then, however, Cleveland Clinic has incorporated parts of that program into existing buildings at Tradition Hospital, Samples said.

In purchasing the 44 acres, Cleveland Clinic told the city only that it would develop at least 400,000 to 500,000 square feet of medical offices to conduct scientific research and development.

Cleveland Clinic paid $2 million less than the land’s $7.7 million appraisal. The city bought the land in 2018 for about $400, according to the Property Appraiser’s Office, after Tradition Land Company bailed out on the $5.4 million it owed in property taxes and assessments.

Port St. Lucie officials, who approved the land sale Monday, said they were unaware of any plans Cleveland Clinic has for the property.

 

Source:  TC Palm

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Fort Pierce-based Lawnwood Regional Medical Center & Heart Institute, owned by Nashville, Tenn.-based HCA Healthcare, will invest $100 million into a five-story tower, according to TCPalm

Construction on the 92,500-square-foot tower is expected to start Jan. 11. It will be completed in several phases.

The first phase of construction, expected to be completed in 2023, will include building the first three floors of the tower. The first phase will add 32 medical surgical beds, three operating rooms and expanded preoperative and recovery areas.

Phase two will add a new emergency department, while phase three and four will add the fourth and fifth floor and create space for more beds.

The fifth phase includes building a 550-space parking garage.

 

Source:  Becker’s Hospital Review

13200 NW Nano Court

Avison Young facilitated a 42,500-square-foot lease agreement between Concept Companies and Ology Bioservices for a new build-to-suit lab space on the heels of a federal government contract for the company to expand production capabilities, including vaccines and therapeutics for COVID-19 once finalized. Concept Companies will develop the facility, conveniently situated adjacent to Ology Bioservices’ headquarters at 13200 NW Nano Court in Alachua, just northwest of Gainesville, Florida.

Avison Young’s Nick Banks, Principal and Managing Director of the firm’s North Florida operations, represented the developer and the tenant during the transaction.

“The race for the COVID-19 vaccine continues to drive demand for life sciences real estate nationwide, and the Ology Bioservices deal is an example of the sector’s tremendous growth in the Gainesville area,” said Banks. “The built-to-suit space represents an expansion in an ideal setting near life science-focused research parks and the UF Innovate Sid Martin Biotechnology Incubator, the #1-ranked biotech incubator in the world.”

Ology Bioservices is a biologics Contract Development and Manufacturing Organization (CDMO) which specializs in the manufacturing of vaccines, antibodies, recombinant proteins, viral products and nucleic acids used for protecting both military and civilian populations against infectious diseases. The company also supports programs in gene and cell therapy.

“The support from city leaders of both Alachua and Gainesville, the assistance from the UF and Santa Fe College in providing strong science-oriented curricula, and the dedicated and hard-working employees, creates the healthy environment to keep our business expanding,” said Dr. Peter H. Khoury, Ology Bioservices President and CEO. “Avison Young and Concept Companies are valued partners who have helped our team navigate the complexity of expanding space for our growing business.”

In addition to the Sid Martin Biotech Incubator in Progress Park, Ology Bioservices is near the Santa Fe College Perry Center for Emerging Technologies and the fully leased Foundation Park research facility that Concept Companies developed and sold in April for $12 million.

“The collaboration on this project between the Concept Companies team, Ology Bioservices, our consultants, and the municipality is a great example of how success can be achieved for our clients when there is an urgent timeline,” said Brian Crawford, Concept Companies CEO. “The facility was entitled and will be under construction within four months of a notice to proceed.”

Concept Companies recently broke ground on Ology Bioservices’ new space and anticipates completion in Summer 2021. Crawford played an integral role in expediting the design and permitting for the facility.

“We look forward to our continued investment in and expansion of the research district in the City of Alachua and Greater Gainesville Community,” continued Crawford.

 

Source:  HREI

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Lake Nona is slated to get a new nonprofit rehabilitation hospital to provide care for patients who have suffered from brain, spinal cord or orthopedic injuries or strokes.

Jacksonville-based Brooks Rehabilitation will start construction on a 60-bed rehab hospital in late 2021 inside the master-planned community in southeast Orlando. The organization expects to hire 170-200 new employees once the hospital is built, CEO Doug Baer told Orlando Business Journal.

A construction team for the project has not been selected.

“We are in the early stages of planning for the new hospital, so we don’t have the specific details yet,” Baer said. “It will be located in the heart of Lake Nona’s health and life sciences district.”

The hospital will have the space to double its bed count eventually if needed.

“Brooks Rehabilitation’s hospital brings a new, specialized, medically complex rehabilitation solution to the Central Florida community further enhancing our region’s robust health care ecosystem with plenty of room to grow into the future,” Rasesh Thakkar, senior managing director of Tavistock Group, said in a prepared statement. “What impressed us further about Brooks is their commitment to research and education in addition to specialized care, enhancing people’s lives not just in the present, but innovating continuously with an eye to a brighter future.”

When completed, the hospital will join Nemours Children’s Hospital, Orlando VA Medical Center and the soon-to-open UCF Lake Nona Medical Center in Lake Nona. UCF’s hospital with Nashville, Tennessee-based HCA Healthcare Inc. is set to open in March 2021.

In Central Florida, Brooks operates a 40-bed inpatient rehabilitation hospital in partnership with Halifax Health in Daytona Beach. Brooks’ portfolio includes a research center, 40 outpatient therapy clinics, assisted-living and memory care facilities, two skilled nursing facilities, a 160-bed hospital in Jacksonville and a future second hospital in Jacksonville set to break ground in the coming months.

The planned Brooks hospital in Lake Nona is not the only rehab hospital being built in Central Florida. Birmingham, Alabama-based Encompass Health Corp. plans to build a 100-bed, 83,500-square-foot facility in Clermont on State Road 50. That facility will be built out in multiple bed phases and the hospital is expected to open in 2022.

 

Source:  OBJ