Plantation Medical Office Park Trades
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
Before joining Colliers, he was a Managing Director at Savills, applying a multidisciplinary approach to serve various clients across industries, including legal, healthcare, financial services, architecture, engineering, and construction.
The 63,151-square-foot, five-story building is a connected two-volume structure that features large open floor plates housing various components including offices, program space for The Jim Moran Foundation and the Jim Moran Institute, shared event space and archives exhibits. Estimated completion is March 2025.
Moss had been subleasing approximately 40% of the building and had previously executed a 5-year, 4-month deal beyond the sublease term for that space.
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.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Native now operates from a Fort Lauderdale office that is double the size of its previous headquarters at 1926 E. Sunrise Blvd. in the city’s Victoria Park neighborhood.
The 223-acre project will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels, and 1.35 million square feet of Class A office space.
One of the largest contiguous land sites available in South Florida, the development has a buildable program of 2,500 residential units, 240 hotel rooms, 480,000 square feet of retail space, and 650,000 square feet of office space.
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