SageStone will develop the three-story Palms of Plantation with 84 assisted living units and 27 memory care units, along with a host of amenities.
Constructed in 2003, the building is 93% leased.
The four-story, 83,000-square-foot facility will offer 96 inpatient beds. Tampa General Behavioral Health Hospital will be adjacent to the new Tampa General Rehabilitation Hospital.
The property last traded for $72M in 2017.
It will include a nenonatal ICU, pediatric critical care, a pediatric neuro-ICU— the first in the state, according to Wolfson—a cardiovascular ICU and a burn and wound care unit.