C&W’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar, along with Cushman & Wakefield Healthcare Capital Markets advisors Gino Lollio and Travis Ives, represented ShareMD in the sale of the two properties.
Cushman & Wakefield’s Scott O’Donnell, Deme Mekras, Miguel Alcivar, Greg Miller and Mike Ciadella represented iHeart in the transaction.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
Scott O’Donnell of Cushman & Wakefield represented PEBB in the sale.
PEBB Enterprises and Banyan Development continue to target the Treasure Coast region for strategic investment opportunities, with a particular focus on rapidly growing Port St. Lucie.
The property, located at 7301 and 7301A W. Palmetto Park Road, spans 101,546 square feet across two boutique medical office buildings.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
The small-bay light industrial buildings were 95% leased at the time of sale to 42 tenants.
The building is leased to a mix of 25 office and retail tenants.
The property last sold in 2017 for $ 1,480,000.
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