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Former Miami Rescue Mission Building Trades In Off-Market Deal, Creating One Of The Largest Contiguous Sites In Wynwood

In an off-market deal, Soho, LLC, an entity managed by The Faith Group, has purchased the former Miami Rescue Mission headquarters building located at a 2159 NW 1st Court in Wynwood.

The 1962-built 11,810-square-foot building, which is situated on a 6,812-square-foot lot, was purchased from FBWS development Senior LLC for $3 million.

The deal closed December 9.

The building is located adjacent to Soho Studios, a 45,000-square-foot creative event space, on a 68,000-square-foot lot located at 2136 NW 1st Ave, which is also owned by The Faith Group.

Roy Faith
Roy Faith

“This was a strategic purchase as this building is on a corner lot adjacent to our Soho Studios,” commented Kevin Faith, CEO of the Faith Group. “This was the last piece we needed to create a 75,000-square-foot footprint, one of the largest contiguous sites in Wynwood.”

“Having seen how Wynwood has evolved over the past 10-15 years, our group firmly believes we are still in the early stages of one of the most vibrant communities in the US,” added Roy Faith. “With the continued developments currently online and many more to come, there is a long runway still ahead and we are excited to be part of it. We are looking at several different concepts for the property.”

 

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FIP Commercial’s Roy Faith Reps ShareMD In Purchase Of Three-Building Medical Office Campus In Miami

ShareMD, a healthcare real estate and physician practice solution company with corporate offices in Alpharetta, Georgia, has closed escrow on a three-building, 177,358-square-foot medical office campus situated on ten acres in Miami.

ShareMD was represented by FIP Commercial President/Broker Roy Faith. The seller was a private ownership entity.

The purchase marks ShareMD’s second purchase of a healthcare portfolio in South Florida, following its purchase in November 2019 of a two building, 104,000-square-foot portfolio in Miami. Earlier, in February of this year, ShareMD purchased a 20-story, 498,000 square foot medical/professional tower in Jacksonville. ShareMD has acquired a dozen healthcare and medical/professional properties in the past two years totaling 750,000 square feet in Florida alone, separate from its 170,000-square-foot California healthcare portfolio. ShareMD is funded by private equity firm Martis Capital.

“We’re excited to continue ShareMD’s growth in the healthcare facility sector with this acquisition,” said ShareMD’s Chairman and CEO, John Bardis. Bardis, the former Assistant Secretary of the US Department of Health & Human Services as well as the founder and former head of MedAssets, continued, “ShareMD provides a range of healthcare space and technology solutions, and this addition to our portfolio provides for additional capabilities in the South Florida marketplace.”

 

“We were attracted to this opportunity to further expand our portfolio in South Florida,” said ShareMD founder and Chief Investment Officer, George Scopetta. “And, our team’s private equity backing and our track record of nearly a million square feet of properties purchased over the past two years provided the seller with confidence that we could close quickly, and with certainty.”

 

“This completion of this deal shows the strength of the medical sector,” added Faith. “Even during a pandemic, we managed to successfully close in a timely and efficient manner. Both the Buyer and Seller understood the current climate and managed to close before the expected closing date, which really is a credit to all involved. The healthcare sector continues to be a very sought-after type of asset class especially given where we are today. We have been seeing a lot of interest in MOBs –  not just recently, but for a number of years.”

FIP Commercial’s parent company, The Faith Group, recently developed developed a 105,000-square-foot medical office building. Aventura Medical Tower is a Class A medical condo building and some purchase and lease opportunities remain. Aventura’s first medical condo project is located in the Aventura Hospital District at 2801 NE 213th Street in Aventura, Florida. The Group  also owns seven additional medical office buildings in South Florida, including Venture Center I and II, International City Building I and II, Medical and Executive Center of Aventura, Olympic Professional Offices, Parcel Square Offices.

 

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Florida Precision Oncology To Open 15,000-SF Cancer Care Services Facility From New Location At Recently Completed Aventura Medical Tower

Medical Building South Florida

Aventura Medical Tower will now be the new home for Florida Precision Oncology (FPO), a division of GenesisCare (21st Century Oncology).

The cancer care services provider has signed a 10-year lease to occupy approximately 15,000 square feet of space at the recently completed medical tower, located at 2801 NE 213 Street in Aventura.

GenesisCare has more than 440 centers including 14 centers in the UK, 21 in Spain, 36 in Australia and 300 in the U.S. The company also offers cardiology and sleep services at more than 80 locations across Australia. Every year, the team sees more than 400,000 people globally.

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord in the lease deal. Jay Whelchel of Whelchel Partners represented 21st Century Oncology.

Roy Faith
Roy Faith

“We are extremely proud to bring in a tenant of this magnitude and to have them join a host of other signature tenants and condo owners that already call Aventura Medical Tower home,” commented Faith. “Our vision was to bring the best of the medical community together under one roof and our vision is coming to fruition.”

The Faith Group’s in-house construction team and architect will be handling the interior build out to the highest of standards and will be delivering a turnkey space for the tenant.

Aventura Medical Tower is a Class A medical condo building and some purchase and lease opportunities remain. Please contact FIP Commercial for more information at 305.438.7740 or contact Roy Faith at Royfaith@fipcommercial.com or Julian Huzenman at Julian@fipcommercial.com.

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Gastro Health Joins Growing List Of Tenants At Recently Completed Aventura Medical Tower

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The Faith Group has recently added another signature medical group to its Aventura Medical Tower development.

Gastro Health, which specializes in the treatment of gastrointestinal disorders, nutrition and digestive health will be taking a 2,000-square-foot space in the Class A medical office building located within the Aventura Hospital district.

FIP Commercial represented the Landlord in the transaction and Carol Ellis Cutler of CBRE represented the tenant.

“As a result of having the Gastro Health Group in our other medical building in North Miami Beach (Venture Center), there was a great working relationship already in place and it made perfect sense to have them as part of the tenant mix in our Aventura Building,” commented FIP Commercial President/Broker Roy Faith. “Our in-house construction division will be handling the build out from A to Z and we are excited to deliver an exceptional space to them as soon as we can. There will also be some exciting announcements made in the next few weeks as to who else will be joining the building.”

 

Aventura Medical Tower was recently completed as a true Class A medical condo building and some purchase and lease opportunities remain. Please contact FIP Commercial for more information at 305.438.7740 or contact Roy Faith at Royfaith@fipcommercial.com or Julian Huzenman at Julian@fipcommercial.com.

 

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Chen Senior Medical Center To Provide Healthcare Services To Seniors From New Location At Recently Completed Aventura Medical Tower

Medical Building South Florida

ChenMed, a physician-led, privately-owned company committed to bringing superior healthcare to seniors, has signed a lease deal for 6,241 square feet at Aventura Medical Tower, located at 2801 NE 213 Street in Aventura.

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord, KVVS Investors, LLC in the lease deal. Lesley Sheinberg of NAI Merin Hunter Codman, Inc. represented ChenMed.

“We are pleased to announce Chen Senior Medical Center as the latest addition to our Aventura Medical Tower development,” commented Faith. “Chen brings a Primary care practice delivering superior healthcare for the senior community within the district and will create even more synergies within the medical building. We are looking to create an environment where the very best of the Medical community, providing a variety of different health care sectors, align with each other.”

The Aventura location is one of twelve Chen Senior Medical Centers in South Florida.

Aventura Medical Tower was recently completed as a true Class A medical condo building and some purchase and lease opportunities remain.

 

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FIP Commercial Welcomes Blink Fitness’ First Florida Franchise

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Blink Fitness, recognized by Inc. 5000 as one of America’s fastest growing private companies, has signed a 10-year lease deal for 10,666 square feet at Miramar Parkway Plaza, located at 3102 S. University Drive in Miramar, marking its first location in Florida.

 

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented the landlord in the long term lease deal. Daniel Cardenas of Avenue Real Estate Partners represented Blink Fitness. The lease was executed April 18.

“We are excited to announce Blink Fitness as our newest addition to the Miramar Parkway Plaza,” commented Faith. “Having over 80 locations throughout the US with a concentration on serving he local community, Blink will bring a premium experience, drive additional traffic to the plaza, and compliment the mix of national and local-based tenants.”

The plaza is a 16-acre property with more than 148,000 square feet of leasable space. Presidenté Supermarket anchors the plaza, along with notable nationals including McDonalds, Foot Locker, Autozone, Little Caesars, Subway, and Metro PCS.

Ownership is also currently creating a medical wing in the plaza to bring healthcare into the tenant mix.

 

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The Faith Group Welcomes Knox Medical’s First Miami-Dade County Medical Marijuana Dispensary

Knox Medical, a Wynwood-based medical marijuana company, has opened its first dispensary in Miami-Dade County at 175 NW 167th Street, marking its ninth medical marijuana dispensary in the state and among several dozen scattered across the country.

Julian Huzenman
Julian Huzenman
Roy Faith

FIP Commercial President/Broker Roy Faith and VP of Leasing Julian Huzenman represented Landlord INTERNATIONAL CITY BUILDING II LLC, an entity managed by The Faith Group, in the lease deal.

“We are very happy to have Knox Medical in the City of North Miami Beach,” commented Faith. “This ties into to the medical side of our company, as we see the health sector being a major component within our commercial portfolio. The location of the building makes it very accessible for clients to get to and it’s also within the hospital district. We worked closely with the city throughout the process and they were very receptive.”

The 1959-built building totaling 4,498 square feet offers a superb location immediately east of the Golden Glades Interchange and situated right next to Jackson North Hospital within a huge medical community, including three additional full service medical office buildings owned by The Faith Group, which total 125,000 square feet.

The Faith Group is heavily involved in the medical sector, having completed the development of Aventura Medical Tower, Aventura, Florida’s first medical office and condo project, located In the heart of the Aventura Hospital Medical Campus at 2801 NE 213th Street, in June 2018. The ‘medical condominium designed by doctors for doctors’ totals twelve floors comprised of 7 parking levels with 472 spaces and 5 floors of office suites housing approximately 105,000 square feet. The project also features just over 6,000 square feet of premium ground floor clinical service space. The tower broke ground in June 2016 and more than 250 physicians, staff, community members, volunteers and elected officials including Enid Weisman, Mayor of the City of Aventura, helped commemorate the topping off event in February 2017.

Knox Medical runs a manufacturing facility and sells a line of vaporizing oils, tinctures, pills, suppositories and topical creams that contain varied concentrations of the high-inducing cannabis compound THC and the non-euphoric CBD.

 

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