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Health System Spends $145M on Tampa Medical Office Buildings
BayCare Health System has acquired three Tampa medical office buildings from Highwood Properties. The Tampa Business Journal reports that BayCare said it plans to use the property to consolidate services from leased offices and to provide room for strategic growth plans, including expanding its BayCare Medical Group physician practice.
BayCare now owns office buildings LakePointe One, LakePointe Two and Spectrum and two parking garages immediately west of St. Joseph’s.
Highwoods is a joint venture partner in the office space in Midtown Tampa and owns office properties throughout the Tampa Bay region. Fisher Investments occupies 120,000 square feet in LakePointe One. Alvarez & Marsal occupies 30,000 square feet in LakePointe Two.
BayCare has been on a property-buying spree in recent months. It has purchased land in Pasco County, a former Barnes and Noble store in Carrollwood and is attempting to rezone a former CVS in Tampa to make way for a freestanding emergency room.
- ◦Sale/Acquisition