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Manatee-Sarasota
Business Observer Friday, Jan. 13, 2012 8 years ago

Sarasota Memorial Health Care buys top half of outpatient centers

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Sarasota Memorial Health Care System purchased the second floors of the two buildings housing its outpatient centers from the Starling Group.

BUYER: Sarasota County Public Hospital District, Sarasota

SELLER: NPMP 8 LLC
PROPERTY: 2345 Bobcat Village Center Road, units 201-235, North Port
PRICE: $2.88 million

SELLER: Brownstar Properties II LLC
PROPERTY: 1040 River Heritage Blvd., units 201-216, Bradenton
PRICE: $1.62 million

LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION: Sarasota Memorial Health Care System purchased the second floors of the two buildings housing its outpatient centers from the Starling Group. The health care group acquired the 25,438-square-foot second floor of the North Port Medical Plaza for $2.88 million and the 14,000-square-foot second floor of Heritage Harbour Outpatient Center in Bradenton for $1.62 million.

The combined price equated to $114 per square foot.

Sarasota Memorial Health Care System housed its emergency room and outpatient center on the first floor of the North Port Medical Plaza. It had already been leasing the second level for several physician practices.

The first floor of the Harbour Outpatient Center contains SMH's urgent care center and rehabilitation and radiology services. The health system had been renting the second level for a pain management center and physician practices.

The new ownership plans to offer additional medical office space on the top level of the two buildings for lease to physician groups.

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