Flagler MAS AJP, a joint venture between MAS AJP and Flagler Healthcare focused on delivering state-of-the-art medical facilities, has completed the $16.3 million sale of MedSquare® Port St. Lucie to Anchor Health Properties, a national healthcare real estate investment firm.
Prior to closing the sale, the joint venture inked a lease expansion with Cleveland Clinic, a world-renowned, nonprofit multispecialty academic medical center, which has signed on to occupy the entire 68,000-square-foot Class A medical office development, doubling its previously announced space commitment. Located at 190 SW Becker Road, the two-story, Class A medical office building is under construction with delivery anticipated in late 2027.
The sale was led directly by principals Alberto J. Pérez and Juan Carlos “J.C.” Mas of MAS AJP and Chris Coots of Flagler Healthcare.
“Much of the existing medical office inventory across the country is outdated, creating a need for modern, well-located facilities that support how healthcare is delivered today,” said Pérez, managing partner of MAS AJP. “Through MedSquare®, we are meeting this demand by delivering best-in-class medical buildings where providers can operate efficiently, deliver exceptional care and grow over time. Our goal is to create lasting value for our healthcare partners and investors while contributing to healthier communities.”…