A medical facility near the University of South Florida has sold to a global Chicago real estate investment firm for $53.55 million.
The property, an 85,000-square-foot building that once housed a Jewel Osco grocery store and more recently a Coca Cola center, is at 5901 E. Fowler Ave. in Temple Terrace. The buyer is LaSalle Investment Management.
The property is currently occupied by the Florida Orthopedic Institute.
The seller is Alliant Partners Development, a Tampa-based firm that bought the building in 2023 for $13.27 million and redeveloped it for Florida Orthopedic.
Spencer Muratides, a partner at Alliant, says in a statement that reimagining the space “into a purpose-built, next-generation outpatient surgery center has been one of our proudest developments to date.”
The firm converted the space, about a mile from USF, into a state-of the-art medical center with nine operating rooms, 60 exam rooms, advanced imaging, orthopedic urgent care, physical therapy and administrative offices.
Muratides, through a spokesperson, says that Florida Orthopedic “has the lease for a very long time and has full control of the asset.”
LaSalle Management is a global real estate investment firm with offices in 24 cities in 13 countries on four continents.
Ben Apple, with the commercial real firm Newmark, represented Alliant in the transaction.