There is also a plethora of health care projects in the area that have yet to start construction.
The price worked out to $345 per square foot.
Additionally, the project will also include 7,800 space of restaurant space and a six-story parking garage.
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.
Both nursing facilities were operated by the Marrinson Group, Inc. a Wilton Manors-based nursing home company.