Home Communities Co. purchased a development site in Davie for a combined $7.25 million and obtained a construction loan.
Doc-Griffin Road MOB LLC, an affiliate of Milwaukee, Wisconsin-based Physicians Realty Trust (NYSE: DOC) provided the $18.38 million mortgage to HHC Davie LLC, an affiliate of Birmingham, Alabama-based Home Communities Co., shortly after it purchased the property.
In the bigger deal, 940 West 84th Street LLC, managed by David Laurence, and Schecky46 Inc., managed by Steve Schechtman, sold 6.95 acres at 8150 and 8160 Griffin Road plus 4760 S.W. 82nd Ave. for $5.075 million.
In addition, Griffin Rd Holdings LLC, managed by Laurence, sold 2.6 acres at 8180 Griffin Road for $2.175 million.
As previously reported, HCC filed plans for a medical office building and assisted living facility there.
The project is slated for a three-story, 42,000-square-foot medical office building and a four-story assisted living facility with 274 beds housed in 185 residential units. There would be 308 parking spaces, including four electric vehicle charging stations.
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