News Release: Just Closed: Armenia Medical Office Building Tampa, FL

JLL Medical Properties Group (Capital Markets) ) is pleased to announce the sale of the Armenia Medical Office Building, a 20,000 square foot, Class A outpatient facility located in Tampa, Florida.  The multi-tenant medical office building is fully leased to two credit rated tenants, the University of South Florida Health and Tampa General Hospital. Specialties within the Property include cardiology and cardiovascular rehabilitation.  The Property was originally constructed in 2004 and was extensively renovated in 2021 and 2022.

The Property is a strategic outpatient location for both Tenants, less than 1.5 miles from the 1,041 bed Tampa General Hospital, the largest hospital in the exceedingly high barrier to entry South Tampa healthcare ecosystem, consisting of world-class hospitals, research institutions, specialty centers, physicians, and staff.

The JLL Medical Properties Group served as exclusive advisor to the seller and was led by Senior Managing Directors Brian Bacharach and Mindy Berman and Associate Landon Weaver.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.  The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.  The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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