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Investor Snaps Up $4M Shell Space for Biotech Venture

PALM BEACH-Greenwich Medical is located on Military Trail a mile from Scripps Research Institute and the Max Planck Florida Institute.

By Jennifer LeClaire | Updated on March 30, 2012

PALM BEACH—In the latest in a string of life sciences activity in South Florida, medical office space near the Scripps Research Institute exchanged hands. The seller traded 19,582 square feet of shell medical office space at the class A Greenwich Medical Building in Jupiter for $4.2 million.

Christie Simon and Danny Simon of FLF Real Estate represented the unnamed seller. The buyer is an individual investor, Vithalbhai Dhaduk, M.D. Dhaduk is a biotech entrepreneur and who plans to lease the space to an early stage biotech firm.  

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