JLL Selected To Lead Leasing For New York Life’s Pembroke Pines Medical Plaza Following Major Acquisition
JLL announced that it has been appointed to lead agency leasing for Pembroke Pines Medical Plaza, a four-building Class A outpatient medical campus recently acquired by New York Life Real Estate Investors.
The assignment follows JLL Capital Markets’ sale of the 91,956-square-foot property to New York Life for $38.3 million.
In tandem with the leasing transition, New York Life has launched a comprehensive renovation program that will modernize both interior and exterior elements of the property over the next 12 months. Planned enhancements include new monument signage, refreshed landscaping, exterior upgrades, and improvements to common areas and corridors, further elevating the tenant and patient experience.
JLL Executive Vice President Brady Titcomb was selected to lead leasing efforts on behalf of New York Life, who is focused on expanding the diverse mix of medical specialties currently in place, including pediatrics, family medicine, allergy, OBGYN, and dental practices. Ownership also offers attractive tenant improvement packages and flexible suite buildout options to help practices design spaces that meet modern clinical and operational needs.
“Pembroke Pines Medical Plaza represents one of the most well-positioned medical assets in Broward County,” said Titcomb. “The capital improvements, combined with the property’s prime location and strong patient demographics, create an outstanding option for healthcare providers seeking high-quality, accessible clinical space.”
Pembroke Pines Medical Plaza is located at 400–700 North Hiatus Road, less than one mile from Memorial West Hospital and within a 15-minute drive of Memorial Hospital Pembroke and Memorial Hospital Miramar. The campus provides immediate access to I-75, Florida’s Turnpike, and I-95, and is situated in a bustling commercial corridor near Pembroke Lakes Mall, the Shops at Pembroke Gardens, and a variety of national retailers and dining options. The property benefits from a diverse tenant mix that creates excellent referral opportunities and is positioned within one of Broward County’s strongest healthcare demand areas, serving nearly 400,000 residents within a five-mile radius, including a significant population aged 50 and older and households with above-average incomes.
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