The building was sold by Center Point Medical Center, which paid $2.2 million for the property in 2019.
ShareMD plans to open a 24,000-square-foot medical office at 841 Prudential Drive on the Downtown Southbank in Jacksonville.
It will be the first non-hospital medical office development Downtown in more than 20 years, it said in a news release July 29.
The project is scheduled to go before the Jacksonville Downtown Development Review Board in September. It is expected to break ground in the third quarter of 2025 and open in 2027, ShareMD said.
The medical office building owner and operator, which is based in Alpharetta, Georgia, bought the property in February 2020 from GRFV Holdings LLC of Chicago for $67 million.
The Eight Forty One building is one 6.3 acres near Baptist Medical Center. The new medical office will be constructed on a surface parking lot on the property.
The building was designed by HED, a national architectural design firm based in Royal Oak, Michigan. Robbins Design Studio of Jacksonville will produce the final construction set of plans.
The complex is 89% leased.
“We’re starting to speak with a number of different types of healthcare operators and should have an operator chosen by the end of the year. We anticipate notable interest from national and regional healthcare providers,” Jennifer Ferguson, ShareMD’s executive director of Property Management, said in the release.
ShareMD is an investor and manager of healthcare campuses in Florida and California. The portfolio includes 18 facilities totaling more than 1.1 million square feet.
For veterans living in Polk County, the only option to get to a VA hospital was to drive to Tampa or to Orlando, but now there’s a closer option.
James A Haley Veterans’ Hospital hosted a ribbon-cutting ceremony for its new Lakeland VA Clinic, located at 2080 Meadowland Park Boulevard in south Lakeland.
It’s a 121,000 square foot out-patient facility that offers patients access to primary care, mental healthcare, pharmacy, audiology and much more. It’s all to accommodate a growing veteran population in Polk County and the state.
The veteran population from St. Pete/Tampa to Orlando to Gainesville is growing between 3-9% each year.
The clinic, the veterans’ hospital’s third largest, will have double the staff and will be able to serve around 20,000 patients annually, which is five times the number than their previous clinic on Pipkin Road.
Source: Fox 13 News
Värde Partners and Unity Medical Properties are partnering up to acquire a medical office building in Palm Beach Gardens.
An affiliate of Värde, a Minneapolis-based global investment firm, and Unity, a Monterey, California-based medical office real estate investment firm, paid $14.5 million for Laser and Surgery Center of the Palm Beaches. The joint venture also obtained $8.7 million in seller financing, records and real estate database Vizzda show.
The seller, an affiliate of Denver-based Healthpeak Properties, paid $14 million in 2015 for the single-story building that sits on 1.9-acres on 3602 Kyoto Gardens Drive, records show.
Source: The Real Deal
A developer that is seeking approval for a pair of Winter Park office building projects received the go-ahead for one of the properties on a prominent corner near the AdventHealth Winter Park campus, despite concerns about how it will impact traffic on Lakemont Avenue.
On June 25, the Winter Park City Commission unanimously approved a two-story, 17,626-square-foot medical office building on a 1.2-acre lot on the northwest corner of Lakemont Avenue and Aloma Avenue. The developer, Verax Investments, purchased the property in February for $3.27 million.
The project first went before the Planning and Zoning Commission in June. During the meeting, the Commission voted to advance the project with a handful of conditions, such as the construction of a six-foot wall made of stone, concrete, or masonry along the northern property line to provide a buffer to the adjacent residential homes.
A site plan indicates that the building will rise at the front of the property, with a surface-level parking lot to the north and the west. The developer also plans on preserving a historic oak tree on the far southeastern corner of the site.
Architecture firm Zyscovich and landscape architecture firm Magley Design are also working on the project.
Verax Investments also has plans to build another office building on a 1.13-acre lot at 1801 W Fairbanks Ave. The company purchased the land in July 2023 for $2.49 million and intends to build a two-story, 18,790-square-foot office building with parking to the rear of the site.
Source: GrowthSpotter