The Real Deal Miami

Tenet Healthcare pays $48M for Hialeah building

Medical office facility located next to Palmetto General Hospital

January 02, 2014 01:30PM

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Pal-Med medical office building at 7160 West 20th Avenue in Hialeah

Pal-Med medical office building at 7160 West 20th Avenue in Hialeah

A company with ties to Tenet Healthcare spent $48 million on a medical office building in Hialeah.

Tenet-managed Lifemark Hospitals acquired the building next to Palmetto General Hospital last month, South Florida Business Journal reported. The seller of the 7160 West 20th Avenue building was North Miami Beach-based Pal-Med Holdings. Pal-Med is managed by Marc Osheroff and Alan Gross.

The nearly 450,000-square-foot building is primarily occupied by outpatient facilities and medical office tenants. Tenet had a ground lease on the property before acquiring the building, which last traded for $37 million in 2008. [South Florida Business Journal]Eric Kalis

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