Tenet buys West Palm Beach medical office building for $62M
Tenet Healthcare dropped $62 million for a medical office building within one of its West Palm Beach hospital campuses. Dallas-based Tenet, led by CEO Saum Sutaria, acquired the Victor Farris Building at 1411 North Flagler Drive, records and real estate database Vizzda show. The transaction also included a ground lease for the land underneath the 153,299-square-foot facility that expires in 2060, and has a renewal option for an additional 25 years. Tenet also owns the land, about 0.7 acres, which is part of the hospital chain’s Good Samaritan Medical Center campus, including a 333-bed hospital, records show. The building was […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Dave Portnoy pays record $28M for Islamorada compound
Widow flips Palm Beach townhouse at loss for $16M, six months after purchase
Tenet buys West Palm Beach medical office building for $62M
SC Johnson billionaire drops $30M on landmarked Palm Beach home
Meyers Accesso plans 200-unit apartment project in Fort Lauderdale’s Cypress Creek
Waterfront Sunset Islands teardown asking $38M tops signed contracts
Lease roundup: Walker & Dunlop and two insurance firms opening offices in Brickell
Developers can gain by adding Live Local affordable housing after construction begins, say panelists at ULI event
Buyers Trade Space for Health, Connection
Making Bathrooms Safer For Seniors
