Press Release
FOR IMMEDIATE RELEASE
Jacksonville – March 19, 2026 – CBRE is pleased to announce that it facilitated the sale of the Fleming Island Medical Plaza, an 82,790-square-foot facility consisting of two medical outpatient buildings (MOBs) located at 4565 and 4575 U.S. Highway 17 in Fleming Island, Florida, to SG Property Services.
Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Bruce Jackson of CBRE’s Jacksonville Leasing team to act as the exclusive advisors to the seller, Accretiv Group and Lincoln Property Company.
Fleming Island Medical Plaza is a two-building outpatient medical park located within the fourth fastest-growing U.S. city of Jacksonville. The property benefits from a strategic location with prominent frontage along U.S. Highway 17 and is situated less than six miles from two major acute care hospitals: the 102-bed Baptist Medical Center Clay and the 433-bed HCA Florida Orange Park Hospital, home to Clay County’s only Level II Trauma Center. Fleming Island Medical Plaza was completed in 2010 and is 89% leased to a roster of long-tenured, synergistic tenants that have been at the property for over seven years. Tenants include investment-grade medical provider DaVita (Moody’s ‘Baa2’), regional physician groups and privately owned practices with established patient bases.
“Fleming Island Medical Plaza offers stability with its quality tenant mix with high-growth specialties, as well as upside through the lease-up of the remaining vacancy,” said Cole Reethof, CBRE’s First Vice President of the U.S. Healthcare Capital Markets practice. “The prime location in between two hospitals offers SG Property Services with an exceptional investment opportunity in the Sun-Belt.”
Jacksonville is the fourth largest MSA in the state, characterized by exceedingly high population growth trends, exceptionally strong economic fundamentals and a low overall relative cost of living. The Jacksonville healthcare market is experiencing significant expansion, with recent and ongoing developments by Mayo Clinic, Baptist Health, and UF Health. The projects feature new towers, additional inpatient beds, and expanded emergency services, underscoring the region’s robust demand for healthcare services and compelling growth opportunities for medical real estate in Jacksonville.
The purchaser, SG Property Services, is a vertically integrated real estate firm based in Atlanta, Georgia, specializing in healthcare-oriented real estate, including medical outpatient development, acquisitions, leasing and asset management across the Southeastern United States. The firm has acquired over three million square feet across the U.S. since it was founded in 2010. To learn more, visit: www.sgpropertyservicesllc.com.
The seller, the Accretiv Group, is a full-service real estate company that specializes in making investments into stable income-producing medical commercial real estate and industrial buildings across in the United States. As of 2025, the company manages a portfolio valued at over $200 million, comprising roughly 27 buildings across nine states, and plans to acquire eight small bay industrial assets this year. To learn more, visit: www.accretiv.co.
“We wrestled with the decision to sell this attractive asset, but occasionally you have to part with prized assets in your portfolio,” said Accretiv CEO, Martin Freeman. “We are, however, very pleased to sell these buildings to SG Property, with whom we have been dealing for over a decade and still share the management role on several other medical assets.”
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Contact:
Olivia Vallone
+1 847 691 9144
Olivia.Vallone@cbre.com
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