• Skip to content
  • Skip to secondary menu
  • Skip to primary sidebar

Tampa Bay News Wire

All news... no paywalls

  • Submit a Release
  • Contact Us
You are here: Home / Commercial Real Estate / Healthcare Realty purchases medical office building next to Tampa General Hospital for $8M

Healthcare Realty purchases medical office building next to Tampa General Hospital for $8M

September 23, 2014 by Press Release

Sale is a sign of the continued high level of demand for medical office buildings

Tampa, Fla. (September 23, 2014) – Healthcare Realty, a Nashville-based real estate investment trust that owns, manages and develops healthcare properties, has purchased 17 Davis a Medical Office Building in Tampa for $8 million.

The Class A, 48,200-square-foot medical office building is 93 percent occupied with several specialties and physicians from USF Health. The building, 17 Davis, is located next to Tampa General Hospital on Davis Islands.

Juan Vega, Jr., SIOR, CCIM, and Jim Allen, Managing Directors of the Healthcare and Office Services Group with Colliers International Tampa Bay represented the buyer. M West Holdings was the seller in the transaction.

Colliers International Tampa Bay’s medical office team played a key role in the off-market transaction from start to finish. After the Colliers team proactively identified 17 Davis Medical Building as a prime sale opportunity they presented a financial case for a sale to the owner. The Colliers team identified and short listed potential buyers and presented an offer to M West Holdings, leading to the sale.

As an owner, Healthcare Realty typically provides property management services to its portfolio of approximately 9.7 million square feet of medical office around the country.

“The building was an excellent opportunity for Healthcare Realty to grow its portfolio in Florida by purchasing a property adjacent to Tampa General Hospital,” said Vega. “This property is in an area that would prove to be difficult to build another major medical office building, since the land surrounding Tampa General Hospital is scarce and typically trades at a premium.”

ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world. For the latest international news from Colliers International, visit colliers.com/us/news, or follow us on Twitter: @ColliersIntl

email
print

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Filed Under: Commercial Real Estate

Primary Sidebar

Categories

45 Users Online
1 User Browsing This Page.
Users: 1 Guest

Connect with us

  • View madduxbusinessreport’s profile on Facebook
  • View tbnwire’s profile on Twitter

RSS Feed

© 2019 KnowHowe