Leon Medical Center Buys 13-Acre Doral Site

Miami health care services firm Leon Medical Centers continued an aggressive acquisition year with the $15 million purchase of a Doral industrial facility from Boston Scientific, according to Miami-Dade County records.
Leon bought the 13.71-acre site at 8600 NW 41st St. on Dec. 13. Boston Scientific, a publicly-traded medical products manufacturer, had operated a 350,000-square-foot facility at the site, which the company owned for nearly 16 years.
In October, Leon obtained a $60 million mortgage secured by its portfolio of South Florida clinics from a group of lenders managed by City National Bank of Florida. The financing Leon received could be boosted to a maximum of $170 million over the next 20 years.
Leon, which was founded in 1996 by health care industry veteran Benjamin Leon Jr., operates seven clinics in Miami-Dade and numerous satellite facilities throughout the region, according to the company’s website. It has more than 1,800 employees who serve more than 37,000 Medicare recipients.
In June, Leon expanded its holdings with the $4.8 million acquisition of two office buildings at 123-151 SW 27th Ave. in Miami. The buildings are part of the collateral used to secure the company’s mortgage.
Source: DBR