As the third-highest cost on the balance sheet, real estate and facilities represent an opportunity for healthcare leaders to address financial challenges amid a tenuous regulatory environment.

The fitness tech company will be an anchor tenant at Five Manhattan West, leasing 35,000 square feet.

Located just south of Interstate 595 and minutes from Interstate 95 and Florida's turnpike, the site attracted five bids, ranging from $12 million up to the final sale price of $13.9 million.

Avison Young has been tapped to lease the 10-story, 225,000-square foot building when it delivers.