NINE-BUILDING MOB PORTFOLIO ACQUIRED IN MIAMI-FORT LAUDERDALE METRO AREA

MIAMI — Addison, Texas-based Behringer Harvard has acquired a nine-building medical office portfolio totaling more than 610,000 square feet in the Miami-Fort Lauderdale metro area. In addition to the buildings, the portfolio includes 7.8 acres of undeveloped land adjacent to the Florida Medical Center in Fort Lauderdale. The portfolio includes Gardens Medical Pavilion, a five-story, more than 75,000-square-foot medical office building at 3401 PGA Blvd. in Palm Beach Gardens; Victor Farris Building, a nine-story, 148,000-square-foot Class A property located on the campus of Good Samaritan Medical Center at 1411 N. Flagler Dr. in West Palm Beach; Palmetto Medical Plaza, an eight-story, 130,000-square-foot facility located at 7100 W. 20th Ave. on the campus of Palmetto General Hospital in Hialeah; Hialeah Medical Plaza, a five-story, 72,000-square-foot building located at 777 E. 25th St. on the Hialeah Hospital campus in Hialeah; and North Shore Medical Arts, a four-story, 56,000-square-foot property located on the campus of North Shore Medical Center at 1190 N.W. 95th St. in Miami. The portfolio also includes four medical office buildings totaling more than 207,000 square feet at Florida Medical Center in Fort Lauderdale: FMC Medical Mall, FMC North, FMC Central and FMC East. Behringer Harvard plans to invest more than $5 million in renovations and capital improvements to increase the buildings' appeal to tenants. Terms of the transaction were not released.