Sold: Silverstein Institute
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an on-campus medical office building located in Sarasota, FL.
Constructed in 2003, the Silverstein Institute medical office building is 93% leased and anchored by First Physicians Group ENT (FPG), a wholly-owned subsidiary of Sarasota Memorial Health Care System. FPG is Sarasota’s foremost primary and specialty care medical group with a network of over 250 board-certified or board-eligible doctors representing a wide array of specialties. FPG recently acquired Silverstein Institute, a leading research center for diagnosing and treating ENT disorders. As part of the acquisition, FPG signed a new 10-year lease.
The building is 75% occupied by the Sarasota Memorial Health Care System and located adjacent to the Sarasota Memorial Hospital (SMH) campus, an 839-bed regional medical center that is also one of the largest public health systems in Florida with nearly 7,000 professionals and more than 1,400 credentialed providers representing 60 specialties.
Representative Transactions
Seasoned Team
