Broward County Acquires Healthcare Facility

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Broward County has been looking far and wide for a building to redevelop its Forensic Science Center.

It appears they’ve found one at 2000 W. Commercial Blvd. It acquired the Fort Lauderdale health care facility for $18.5 million to redevelop it for county uses. County officials previously had a different site in mind for this facility in Golden Heights, but they reconsidered after pushback from residents.

Broward County intends to redevelop this site into a 177,000-square-foot Forensic Science Center. It budgeted $262 million for this project.

Allied Health Education sold the 133,295-square-foot medical office facility to the county. The price equated to $139 per square foot.

The property last traded for $15.7 million in 2021. It was developed on the 8.7-acre site in 1971.

 

Source:  Connect CRE

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Vacant Land Adjacent To Parkland Golf & Country Could Become Medical Facility

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The vacant property owned by the Broward County School District at the corner of University Drive and Trails End in Parkland is likely to become a Medical Facility with an educational component for local students.

The Broward County School Board will be voting on the topic at a meeting on January 23. The proposed plan would have Broward Schools enter into negotiations with Broward Health about selling the vacant land, which is just over 10 acres, for an “educational purpose.”

If the motion is approved on January 23, 2024, Superintendent Licata would immediately enter into negotiations with Broward Health.

According to a release from BCPS, the “ultimate concept includes a medical facility for the area that will provide opportunities for Broward County School students in the areas of medical sciences, nursing, and other related fields. The opportunities are endless for internships, career days, volunteer service hours, to name just a few of the benefits.”

The Board Meeting on January 23 will be a key component to the process.

“Engaging in community conversations and with the City of Parkland regarding selling this piece of land is crucial,” said Broward School Board Chair and Parkland resident Lori Alhadeff. “Ahering to policy 7002-B on real estate acquisition and disposal and Policy 7000 will ensure transparency and compliance throughout the process.”

 

 

Source:  Tap Into Parkland

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United Capital Expands Portfolio With Acquisition Of Port Charlotte MOB

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United Capital announced the acquisition of a 2.8-acre site featuring a 12,216-square-foot medical office building situated at 22395 Edgewater Dr. in Port Charlotte.

The acquisition was completed through a 1031 Exchange, with Adam J. Tiktin and Sylvia Tiktin of United Capital securing the property for $4.89 million from Bayshore Partnership, LLP.

United Capital’s portfolio includes single and multi-tenant retail, medical office, health care and educational related properties throughout Florida. The firm is led by a multi-disciplinary team of professionals with extensive institutional and entrepreneurial experience in buying, owning, operating and selling real estate over a variety of market cycles.  Its property management affiliate provides hands-on, real time market knowledge.

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Wellington Medical Office Trades For $18 Million

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Wellington Regional Medical Center’s medical office, Wellington Medical Arts Pavilion III, sold for $18.25 million.

The ground lease for the 49,832-square-foot medical office complex at 1397 Medical Park Blvd. was sold by HTA – Wellington LLC, a division of Nashville-based Healthcare Realty Trust.

1397 Medical Park Blvd Owner LLC, a joint venture between Apollo Equity Investors and Rendina Healthcare Real Estate, located in Jupiter, was the purchaser. The buyer obtained a $12 million mortgage from Seacoast National Bank. The purchase price equates to $366 per square foot.

The building last traded for $12.82 million in 2010.

 

Source:  SFBJ

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UF Health Continues Geographic Expansion With Acquisition Of Flagler Health+

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UF Health ushered in a big change to Northeast Florida health care when it completed its acquisition of Flagler Health+ in early September.

Flagler Health+ operated Flagler Hospital, a 335-bed facility in St. Augustine, as well as dozens of other smaller offices in or around Northeast Florida.

Since the acquisition, Flagler Hospital is now known as UF Health Flagler Hospital, and the overall system is called UF Health St. Johns.

UF Health St. Johns includes more than 1,900 employees, UF Health Flagler Hospital and nearly 30 care sites. It focuses on health care in Flagler, St. Johns, Putnam, Clay and Duval counties. Flagler Health+ has been in the community for 130 years.

In a video about the merger, David R. Nelson, senior vice president for health affairs at UF and UF Health president, says that UF Health offers additional financial and human resources, intellectual capital and innovation to the former Flagler health care system. Residents of the area and providers also will have expanded access to new clinical trials, and providers will have access to additional training programs, he adds.

Another addition for UF Health St. Johns will be a new technology strategy that will include integration of an electronic health record system across the health network and new clinical equipment, Nelson says.

When choosing a potential acquisition partner, leaders from Flagler Health+ aimed to find an organization that focused on quality enhancement, community-focused service lines such as behavioral health and women’s health, and high-quality health care services to underserved populations, among other factors.

Acquiring Flagler Health+ is part of UF Health’s expansion, which now includes 11 hospitals. Other recent acquisitions include UF Health The Villages (formerly The Villages Regional Hospital) and UF Health Leesburg Hospital (formerly Leesburg Regional Medical Center) in 2020.

 

Source:  Florida Trend

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