Easton & Associates Advises ShareMD On Acquisition Of Palm Beach County Medical Office Building
ShareMD paid $6.45 million in the off-market deal that closed May 21.
ShareMD paid $6.45 million in the off-market deal that closed May 21.
The 155,508-square-foot industrial asset sold for $17 million.
The closing represents the last of three strategically planned majority skilled nursing property sales in Florida by Healthcare Trust, Inc.
Colliers’ Mitash Kripalani, Director of Investment Services, represented the seller in the transaction.
Berger Commercial’s Brian Batchelder, Jonathan Thiel and James Karrat negotiated the deal.
The sale price breaks down to $166,000 per door.
The deals include 2 lease renewals, 1 renewal/expansion and 1 new lease deal.
The Butters Realty & Management Industrial Brokerage Team represented the interest while Tom O’Loughlin, Executive Vice President with CBRE represented the landlord in the deal.
The price equated to $577 per square foot.
The project will include 1,300 apartments, office and retail, and possibly a hotel.
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