The Laramar Group, a national real estate investment firm, has added another property to its growing healthcare portfolio with the purchase of Vista Medical Center in Lakeland, Florida.

The 31,158-square-foot medical office complex is located along Lakeland Hills Boulevard, just south of Interstate 4, in one of the region’s busiest medical corridors. The site sits near the 910-bed Lakeland Regional Medical Center and several other healthcare providers.

This marks the third acquisition for the Laramar Medical Properties Fund II and the firm’s thirteenth medical office property nationwide.

“Vista Medical Center offers strong long-term potential, supported by a stable tenant mix, high occupancy rates, and below-market rents in a rapidly expanding Central Florida market,” said Ben Slad, Chief Investment Officer at Laramar. “The property is well positioned to benefit from continued rent growth and appreciation.”

Lakeland continues to rank among the fastest-growing cities in the U.S., recording a 12% population increase between 2020 and 2023, with another 9% projected over the next five years. Conveniently located between Tampa and Orlando, the city benefits from proximity to two of Florida’s largest metro areas.

Tenants at Vista Medical Center include Trinity Medical Group (Innovacare Health), Quest Diagnostics, Pediatric Health Choice, Select Physical Therapy, LabCorp, and Randolph’s Family Health. Nearby healthcare facilities include Johns Hopkins Children’s Outpatient Care, the Lakeland/Hollis Cancer Center, and several Watson Clinic centers and surgery facilities.

Source:  HREI