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.
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