Tag Archive for: onicx group

Trinity Oaks Medical Arts Building-Photo Credit CPE 760x320

This firm purchased the property through a real estate fund launched in August.

Rendering of Nona Medical Center at 10735 Moss Park Rd Lake Nona 760x320

JLL has been selected to lease Nona Medical Center, a new, 45,000-square-foot facility located within the 23-acre mixed-use development East Park Village in Orlando.

Now under construction, Nona Medical Center will be situated at 10735 Moss Park Rd, less than 1 mile east of AdventHealth’s 67.28-acre new mixed-use campus. in Orlando’s highly desirable Lake Nona neighborhood that sits within close proximity to Lake Nona Medical City, a premier location for medical care, research and education.

The JLL brokerage team of Lucia Hedke and Micah Strader will spearhead leasing efforts on behalf of the building’s ownership group, Onicx Group. Known as the chosen partner of healthcare systems and physician groups throughout the state of Florida, Onicx Group is an established multi-asset real estate developer with focus in healthcare, multi-family, industrial, and mixed-use commercial real estate.

“Florida continues to see demand for healthcare related services as the state benefits from steady, organic population growth, domestic migration, and a strong labor pool including nursing professionals that will continue to attract and expand new medical users,” said JLL’s Florida Healthcare Lead Lucia Hedke.“Thanks to its strategic location and additional amenity base close by with East Park Village, Nona Medical Center will be the ideal choice for  local healthcare groups looking to expand their footprint in the region or new to market companies making their entrance into Florida.”

Nona Medical Center will bring 45,000 square feet of medical office space across three floors to East Park Village, a 23-acre mixed-use project, with 18 developable acres located in the fourth fastest growing community in Florida. The project will consist of a 264-unit multi-family development, a 12,540-square-feet retail center, and a 150-key Wyndham hotel. Tenants at Nona Medical Center will enjoy 14’8’’ ceiling heights, two electric gearless traction elevators, and 215 dedicated parking spaces. Ample tenant improvement allowances and signage opportunities are also available.

“Lake Nona has quickly become the state’s leading health innovation hub,” said JLL’s Micah Strader. “The delivery of Nona Medical Center will be a testament to the area’s commitment to creating a centralized focus of sophisticated medical treatment and that will foster related research and education.”

Nona Medical Center is strategically located at the exit ramp of the 417 and Moss Park Road, ensuring high visibility and exposure, and only three miles from Lake Nona Medical City, a landmark 650-acre health and life sciences park known as the signature location for medical care, research, and education. The medical center is anchored by University of Central Florida (UCF) Health Sciences Campus, Sanford Burnham Prebys Medical, Discovery Institute, VA Medical Center, Nemours Children’s Hospital, University of Florida Academic & Research Center, MD Anderson Orlando Cancer Research Institute, Johnson & Johnson, UCF’s Lake Nona Hospital, and the soon to break ground UCF College of Nursing.

According to a recent report by JLL, the Orlando medical office market is highly regarded, with 217 buildings and over 10.4 million square feet of space where Class A buildings account for more than 30 percent of the inventory. The city is well-positioned to attract tenants in the market relative to other markets due to its amenity base and centric location across Central Florida.

Poinciana Medical Arts Building 760x320

Onicx Group has secured a $29 million refinancing loan for two medical office buildings totaling 132,000 square feet in Trinityir and Kissimmee. First Citizens Bank‘s Healthcare Finance business, part of the CIT division, provided the loan.

Both medical offices were subject to previous financing in 2020. Trinity Medical Arts Building received a five-year, $21.8 million cash-out refinancing from ServisFirst Bank, while Poinciana Medical Arts Building (shown above) was subject to a $7.9 million loan, due in 2025, originated by Ameris Bank, CommercialEdge data shows.

The properties are part of Florida Trinity Hospital and Poinciana Hospital campuses. The 90,000-square-foot Trinity Medical Arts Building came online in 2011. Delivered in 2013, the Poinciana Medical Arts Building encompasses 42,000 square feet on 10.2 acres.

 

Source:  Connect CRE