The class A medical office complex is located on 4.6 acres and consists of four identical, 8,000-sf buildings. Built in 1996 and 1998, the buildings are 90% leased to several tenants, including First Service Administrators and Pediatric Health Choice.
The property is located within close proximity to Lakeland Regional Medical Center, the main location of private medical group Watson Clinic LLP. It is also one mile from Central Florida SurgiCenter, which was acquired by Grubb & Ellis Healthcare REIT as part of its Medical Portfolio 1 in February.
"Vista Professional Center is located in the midst of a thriving medical district near a busy hospital and multiple clinics," says Grubb & Ellis Healthcare REIT vice president of acquisitions Danny Prosky. "We prize medical office assets that benefit from these types of location dynamics and believe Vista Professional Center is a valuable addition to our quickly expanding portfolio."
Lakeland Regional Medical Center is a 750-bed hospital offering a variety of services, including mental health, orthopedic and robotic surgery. Watson Clinic has multiple locations in the Lakeland area, including the Center for Cancer Care & Research, the Watson Clinic Center for Rehabilitative Medicine and the Women's Center.
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