Bankers Healthcare buys Miramar office building for new HQ

The company plans to move into the 130K sf building in October

Mar.March 04, 2020 10:30 AM
 Eric Castro, Bankers Healthcare Group, and 3700 Lakeside Drive (Credit: Bankers Healthcare Group)

Eric Castro, Bankers Healthcare Group, and 3700 Lakeside Drive (Credit: Bankers Healthcare Group)

UPDATED, March 5, 10:40 a.m.: Bankers Healthcare Group paid $29 million for an office building in Miramar where it plans to base its new headquarters.

Bankers Healthcare Group, a financial provider to healthcare professionals, bought the 130,000-square-foot office property at 3700 Lakeside Drive for $223 per square foot, records show. MFC 3700 Investors LLC, led by David Berger and Ezra Katz, CEO and founder of Miami-based Aztec Group, sold the property.

Butters Realty & Management represented Bankers Healthcare Group in the sale, according to a release.

Synvonus provided a $31.9 million loan to Bankers Healthcare Group to acquire the building.

Bankers Healthcare Group will soon begin remodeling the building with plans to move there in October. Bankers Healthcare Group’s 260 employees will occupy the first three floors and three other existing tenants will remain on floors four through six. The company plans to hire an additional 129 employees by next year, according to the release.

Amenities at the new headquarters will include a gym with personal trainers, a café with an on-site chef, a yoga/meditation room and a massage room. The space will also include a coffee shop and parking for 700 vehicles.

The building was last purchased in 2019 for $18.3 million, records show. It was constructed in 1996.

Bankers Healthcare will maintain its current office in Davie, and plans to make it available for lease after it relocates its staff, according to the release.

Bankers Healthcare’s former president and co-founder Robert T. Castro has been an active buyer of real estate in South Florida. In December 2018, a company tied to Castro paid $12.1 million for a 72-unit apartment complex in Sunrise. In November, 10 companies tied to Castro bought a 371-unit apartment complex in Tamarac for $54 million.

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