FOR IMMEDIATE RELEASE
Jacksonville, Florida ,– July 29, 2024– Approximately 24,000 square feet of new medical office will be developed in a surface parking lot at the 841 Prudential medical building in Jacksonville, FL, adjacent to Baptist Medical Center Jacksonville, and in the heart of the Downtown Jacksonville’s medical corridor. This marks the return of independent (non-hospital developed) healthcare development in the Downtown area for the first time in over two decades. The project is targeting a September 2024 review by Jacksonville’s Design Development Review Board, Groundbreaking is anticipated for the third quarter of 2025 and will be ready for occupancy in 2027.
The development is sponsored by 841 Prudential owner ShareMD, which purchased the 841 building in February of 2020. Said ShareMD’s SVP of Asset Management Mario Gonzalez, “The attractiveness of our property to healthcare providers desiring a new, stand-alone, fee simple facility in the Downtown medical corridor, with its diverse types of healthcare synergies offered made the decision to address the demand for a new healthcare facility an easy one.”, said Mr. Gonzalez. The property is currently 89% leased, with multiple offers received for all or part of the remaining vacancy. The new medical office development brings additional capacity and optionality to the property.
The new medical facility’s exterior design has been designed by HED, a national architectural design firm with a strong healthcare design team. “The building’s façade is a Class-A design with eighteen-foot first floor and fifteen-foot second floor ceiling heights, which allows for an airy design. The building can accommodate a range of healthcare uses, allowing for several cycles of healthcare provider tenants”, said HED principal Bruce Macpherson. It is anticipated that Robbins Design Studio, a local Jacksonville design firm, will produce the final construction set of plans.
The project will be developed by ShareMD, whose team has participated in the development of award-winning healthcare projects. ShareMD’s Executive Director of Property Management,
Jennifer Ferguson, adds, “we’re starting to speak with a number of different types of healthcare operators, and should have an operator chosen by the end of the year. We anticipate notable
interest from national and regional healthcare providers”.
ShareMD (www.sharemd.com) is a bicoastal investor and manager of healthcare campuses and buildings in Florida and California, whose current portfolio comprises eighteen facilities totaling
over 1.1 Million square feet. ShareMD’s leadership includes industry veterans from healthcare REIT Welltower, from the nation’s largest private owner-operator of healthcare facilities Kaiser
Permanente, and from real estate service providers Taylor & Mathis and Cushman & Wakefield.
Contact:
Peter Becronis
Managing Director
ShareMD
626.379.3705
841 Prudential Drive, Suite 200
Jacksonville, FL 32207
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