Prior to closing the sale, the joint venture inked a lease expansion with Cleveland Clinic to occupy the entire 68,000-square-foot Class A medical office development, doubling its previously announced space commitment.
Cleveland Clinic will be the facility’s anchor tenant, occupying the entire 34,000-square-foot first floor.
The JV will expand their portfolio with the development of five Class A medical office buildings in Florida.
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.