Woodside Health, based in Cleveland Ohio, has closed on the purchase of the Boynton Beach Medical Plaza in a $14.5 million transaction. The 50,684 sqf building is located at 10151 Enterprise Center Boulevard near the Bethesda Hospital West. Built in 2007, the two story class A building was 90 percent leased at the time of the sale. NGKF Capital Markets Executive Managing Director Adam Greenberg and MD Michael Lohmann represented the seller, Boynton Beach Medical, a South Florida medical practice group.
āThe primary demand driver for this transaction is a need for medical properties in South Florida close to the ever-growing South Florida community,ā said Greenberg. He said the transaction traded at a premium value because there was a wide diversity of tenants in the property and because the property is an established medical building.
