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The 80,000-square-foot, two-story medical office building in Plano will undergo landscape, lobby and common area renovations and rebrand as the Prestonwood Medical Center targeting multiple medical specialties in addition to pediatrics.
The nonprofit hospital will work with UF to expand health care delivery, research and educational services in Palm Beach and Martin counties. They are discussing the development of jointly owned and operated clinical facilities, although no specific locations have been announced.
Demand for the medical office sector remains high and the tenant base is stable, leading to healthy interest from real estate investors. Known for its stability and resistance to recessions, the sector set record highs for asking rents in 2021 as vacancies decreased—a trend that is expected through the next year and beyond.
MedSpace USA is a national healthcare real estate development firm based in Florida offering a full range of development services.
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10167 NW 31st St #102
Coral Springs FL 33065