MedProperties Realty Advisors and Catalyst Healthcare RealEstate plan to develop a medical office building in Naples, FL.
The building will be 35,000 square feet and part of FoundersSquare, a 55-acre mixed use development of residences and retailstores. Located at Immokalee Road and Colliers Boulevard, the planfor Founders Square includes restaurants, grocery stores, and ahigh-end spa in more than 270,000 square feet of retail space.Founders Square will also house more than 400 luxury multifamilyapartments.
Trustmark Bank provided the debt for the acquisition. CatalystHealthcare Real Estate is a healthcare real estate firm andMedProperties Realty Advisors is a healthcare real estate privateequity firm based in Dallas. This latest project is part ofMedProperties Fund III LP, the third discretionary fund ofMedProperties. Launched in 2018, the fund contains a two-buildingportfolio in Maryland and acquisitions in other Arizona,Pennsylvania, Tennessee, Ohio, West Virginia, and Nevada.
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