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A joint venture between Chicago-based Remedy Medical Properties and Boca Raton, Fla.-based Kanye Anderson Real Estate purchased the 177,000-square-foot portfolio that included five properties in Florida and one each in Texas, North Carolina,Tennessee and North Carolina.
Marcus & Millichap predicts that medical office vacancy will decrease to 9.2%, down 20 basis points and 40 basis points above pre-COVID levels. Meanwhile, the firm predicts rent growth in the neighborhood of 2.5% to an average of $22.61 per square foot,
The roughly 1,000,000-square-foot, 22-building campus was sold by Crescent Real Estate. About 15% of Flatiron Park is home to life sciences tenants and part of BioMed’s investment will be upgrading buildings to bring that percentage closer to 50%. As the local portfolio grows, the company which also has a development arm, may consider adding administrative and support offices in Colorado.
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