A Sunrise medical office building leased to the VA sold for $38.15 million, a big discount from its last trade.
HTA-VA Sunrise MOB LLC, part of Nashville-based Healthcare Realty Trust, sold the 110,714-square-foot medical office complex at 9800 W. Commercial Blvd. to Sunrise FL I FGF LLC, managed by Kathleen Herrin of Chicago-based Boyd Watterson Asset Management.
The price worked out to $345 per square foot. It last sold for $49.73 million in 2017.
Source: SFBJ
Designed to help add new office space in Boca Raton, developers are planning a new five-story building with 90,000 square feet of medical space and 21,000 square feet of general office space. According to city planning documents, 50% of the property is expected to be leased by Unified Physician Management, which focuses on women-focused medical issues such as OBGYN, fertility and breast cancer.
Bonnie Miskel, an attorney representing the developer, said during a recent public meeting that adding Class ‘A’ office will fill a key need for the city. “We really don’t have this type of product in the city at this point and it’s at a great location.”
Additionally, the project will also include 7,800 space of restaurant space and a six-story parking garage. The developer, Boca Midtown Place, acquired the 8.51-acre property for $11 million in August 2021, according to Palm Beach County property appraiser records.
Less than half a mile from the Glades Road exit of I-95 at 1751 N. Military Trail, the building will be adjacent to the Bowlero bowling alley and near a commercial plaza that includes a Rocco’s Tacos & Tequila Bar, Morton’s The Steakhouse and a Starbucks. The popular Town Center at Boca Raton mall is also less than a half-mile west of the new development.
Source: SunSentinel
A Charlotte, North Carolina, REIT specializing in the health care industry has picked up a 27,910-square-foot office property in Polk County.
Flagship Health Care Properties’ trust paid $6.75 million for the building at 250 Ave. K SW in Winter Haven.
The building’s tenants include the Center for Retina and Macular Disease, an ophthalmic group, and Davita, a kidney care provider.
In a statement announcing the deal, Gerald Quattlebaum, Flagship’s executive vice president of acquisitions, says the population growth and a “booming” health care industry drew the company to the property — and the region.
In all, Flagship, an outpatient health care real estate firm, owns nine properties throughout the state. It has a big presence around Orlando and is expanding west.
“With an ever-growing footprint, we are very bullish on this part of the state,” Quattlebaum says in the statement.
Flagship bought the property through its REIT, Flagship Healthcare Trust, and will provide property and asset management services.
The company oversees more than 240 health care properties totaling more than 5.3 million square feet. The REIT holds interest in 93 health care properties valued at about $906 million.
Source: Business Observer
A pair of nursing homes in Broward County were recently acquired for about $36 million by a New Jersey operator of nursing and rehabilitation centers
Limited liabilities companies connected to Englewood Cliffs, NJ-based CareRite Centers acquired Manor Pines Convalescent Center at 1701 N.E. 26th St. in Wilton Manors and Manor Oaks at 2121 E. Commercial Blvd. in Fort Lauderdale on Dec. 29.
Both nursing facilities were operated by the Marrinson Group, Inc. a Wilton Manors-based nursing home company.
In a release, CareRite Center stated that it would rebrand Manor Pines as The Pearl at Fort Lauderdale Rehabilitation and Nursing Center. Manor Oaks would be renamed The Savoy at Fort Lauderdale Rehabilitation and Nursing Center.
Source: SFBJ
A Houston, Texas-based company has plans for a “micro-hospital” in Clermont.
Nutex Health has submitted plans with the city of Clermont for a conditional use permit so it can build a 28,700-square-foot single-story building and parking on 2.82 acres southwest of the corner of U.S. 27 and Hammock Ridge Road. The facility would have both emergency and inpatient medical services, separating it from freestanding emergency rooms which primarily offer emergency care.
The building would include eight dedicated patient rooms, an operating room, medical laboratory and other hospital services like CT scans, MRI and X-ray. The hospital would be open 24/7 and have a staff of 10 for each shift.
An entity connected to Orlando-based LCA Development is listed as owner of the land, part of a proposed 23-acre retail/office development called the Shoppes at Hammock Ridge. Nutex officials were not immediately available for comment.
Source: OBJ