Westside-2

The Westside Medical Arts Building near Westside Regional Medical Center in Plantation sold for $15.5 million.

Westside Medical Center Development LLC, managed by Dhvanit Patel of Tampa-based Onicx, sold the 40,296-square-foot medical office building at 8251 W. Broward Blvd. to Westside MOB LLC, in care of Irvine, California-based Healthpeak Properties, an investor in medical office properties nationwide. The price equated to $385 per square foot.

The building sits on a 19,301-square-foot site leased from the owner of the hospital. The deed was for an assignment of the land lease, not the underlying land.

 

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1801-Miccosukee-Commons-Dr-Tallahassee-FL 760x320

Easton & Associates advised a publicly-traded healthcare real estate investment trust (REIT) on the acquisition of a 32,758-square-foot medical office building in Tallahassee.

The REIT paid $9 million cash for the asset in an off-market deal that closed June 2.  The seller was Realco, a family office based in West Viriginia.

The two-story building, located at 1803 Miccosukee Commons Dr., was built for Tallahassee Primary Care Associates (TPCA) which currently occupies the entire space on a long-term lease.   TPCA is one of the largest primary care medical practices in Northwest Florida, employing more than 50 practitioners across the Florida panhandle and parts of Georgia.

st johns county florida

Brooks Rehabilitation announced its purchase of 14 acres near the State Road 207-Interstate 95 interchange for a future facility.

According to a release from Brooks, the property was selected based on its strategic location and the significant growth occurring in St. Johns County.

Many health care organizations are expanding into St. Johns County or increasing operations there. The county has seen startling population growth in recent years, going from about 191,000 residents in 2010 to about 264,000 by 2019, according to the U.S. Census Bureau.

Baptist Health also owns land at that intersection but has not announced its specific plans for the property.

“Brooks has been a recognized leader in physical rehabilitation for more than 50 years. Purchasing this land is an investment in the long-term future expansion of our system of care,” said Doug Baer, president and CEO of Brooks Rehabilitation, in the release. “While we do not have immediate plans for its specific use, we want to position Brooks to meet the rehabilitation needs of this rapidly growing region.”

Brooks currently operates seven outpatient therapy clinics in St. Johns County with more than 40 throughout Florida.

 

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