The seller, an affiliate of Denver-based Healthpeak Properties, paid $14 million in 2015 for the single-story building that sits on 1.9-acres on 3602 Kyoto Gardens Drive,
The Winter Park City Commission unanimously approved a two-story, 17,626-square-foot medical office building on a 1.2-acre lot on the northwest corner of Lakemont Avenue and Aloma Avenue.
The building is the first of several planned for the 87-acre campus being jointly planned and developed by St. Joe, TMH and Florida State University (FSU).
The medical care centers serve Florida Blue customers, original Medicare and self-paying patients ages 50 and older.
The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.