PALM HARBOR, Fl., October 3, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of All Children’s Outpatient Center, a 26,070-square foot medical office building located in Palm Harbor, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
John Rueda, an associate in Marcus & Millichap’s Tampa office, represented the local seller. The property was marketed nationally and received interest from several investment groups throughout the United States. Eventually, the buyers who were the current tenants, All Children’s Hospital Incorporated, a division of John Hopkins, were secured by John Rueda.
All Children’s Outpatient Center is located at 3850 Tampa Road in Palm Harbor, Florida. This high-profile office holding is located adjacent to Morton Plant Mease Outpatient Center on Tampa Road. This is a clinical facility that provides high-quality pediatric rehabilitation services in a convenient and child-friendly outpatient setting.
“This Class “A” property, in the well represented Cornerstone Complex, generated much interest,” says Rueda. “Ultimately, it made sense for All Children’s Hospital to pursue the asset as it guaranteed their permanent tenancy at the high profile location. I feel the best fit was found for the property, the buyer and the seller.”
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About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 6,600 transactions in 2013 with a value of approximately $24 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com