Ryan Holtzman, Andrew Trench, and Michael Feldman of Cushman & Wakefield and Chris Coots of Flagler Healthcare Investments will collaborate to oversee medical office leasing efforts on behalf of the developer, which is a partnership between Black Salmon and The Allen Morris Company.
The buyers own Total Research Group (TRG), which performs high-quality clinical trials that lead to the development of lifesaving medical advances.
Colliers Senior Vice President Kim Kretowicz of USA Capitals Market Group/Healthcare Services negotiated the transaction.
The office condos total 3,771 square feet.
Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.
CBRE’s Dana Nialis, Angie Weber, Deborah Fink, and Carol Ellis-Cutler represented The Oncology Institute in lease negotiations.
For over four decades, he has actively excelled in the commercial real estate industry, gaining knowledge and expertise across retail, office, medical leasing, land assemblage, acquisitions/dispositions, and development.
Memorial Healthcare System paid $49 million for the property with plans to redevelop the property into “a wellness hub.”
An estimated $566 billion of debt maturities are coming due across the sector over the next five years.
The property consists of 1.61 acres of land and a 13,986-square-foot medical office that will be Blue Cloud Pediatric Surgery Center’s newest Florida location.