On-Campus Medical Office Building In Sarasota Sold

HREA | Healthcare Real Estate Advisors announced the real estate sale of an on-campus medical office building located in Sarasota.

Constructed in 2003, the Silverstein Institute medical office building is 93% leased and anchored by First Physicians Group ENT (FPG), a wholly-owned subsidiary of Sarasota Memorial Health Care System. FPG is Sarasota’s foremost primary and specialty care medical group with a network of over 250 board-certified or board-eligible doctors representing wide array of specialties. FPG recently acquired Silverstein Institute, a leading research center for diagnosing and treating ENT disorders. As part of the acquisition, FPG signed a new 10-year lease.

The building is 75% occupied by the Sarasota Memorial Health Care System and located adjacent to the Sarasota Memorial Hospital (SMH) campus, an 839-bed regional medical center that is also one of the largest public health systems in Florida with nearly 7,000 professionals and more than 1,400 credentialed providers representing 60 specialties.

Source: Wolf Media USA