South Florida Health System Prepares For $300 Million Expansion
The hospital will demolish some buildings to make way for additions and upgrades.
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The hospital will demolish some buildings to make way for additions and upgrades.
Plans are to start construction on the Coral Gables office by the first quarter of next year and to break ground on a Homestead location in the next 90 days.
Lotus secured a $66 million 5-year refinancing with Cerberus Capital Management collateralized by a seven-property portfolio totaling 268,000 square feet, and a $53 million refinancing with an incumbent lender secured by a 498,000 square office building in Jacksonville, Florida.
Anthony Brunetti with Florida Medical Space Inc. represented the buyer in the transaction.
The price equated to $293,103 per living unit.
