Miami firm sells Lakeland site to hospital operator for $14.5 million

Brown Development Group sold the 103-acre site to Altamonte Springs-based Adventist Health System

TRD MIAMI /
Oct.October 07, 2017 12:00 PM

Adventist Health System is a multi-state hospital operator based in Altamonte Springs.

A Miami-based firm sold 103 acres near Florida Polytechnic University in Lakeland to a hospital operator for $14.5 million.

Brown Development Group of Miami sold the land off Interstate 4 to Adventist Health System for $140,776 per acre.

It is the first property acquisition in Polk County by Altamonte Springs-based Adventist, which operates 45 hospitals with 8,200 beds in 11 states.

Lisa Parks Abberger of Hauger-Bunch Inc., who represented Brown Development in the land sale, told the Tampa Bay Business Journal that Adventist may build a 200-bed hospital on the site.

Construction of a hospital on the Lakeland property would require approval from the Florida Agency for Health Care Administration. [Tampa Bay Business Journal]  — Mike Seemuth


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Power restored after blackout envelopes West Side of Manhattan

arrow_forward_ios
Loading...