CBRE Arranges Leases to Bring MedSquare Place to 100% Occupancy Prior to Building Delivery

CBRE has arranged a new 13,800-square-foot lease to Keralty Hospital Miami at MedSquare Place in Miami’s Westchester submarket. The off-campus expansion is scheduled to open in early 2023 and will house three specialty groups, including an imaging center, cardiology, and gastroenterology.

Gordon Messinger, an Executive Vice President with CBRE, represented MAS^AJP, the owner and developer, in the transaction. Justin Berryman with RIPCO represented Keralty Hospital Miami.

Keralty Hospital Miami, formerly Westchester General Hospital, has served the greater South Florida community since 1967, providing quality healthcare in a family-owned, patient-focused, acute care setting. In October 2020, Westchester was acquired by Sanitas USA, Inc. a subsidiary of Keralty SAS, an international health enterprise leader in patient-centered care and in operation for over 50 years, in seven countries, serving over 5 million people.

“We are very fortunate to add Keralty Hospital Miami as a valued tenant at our newest MedSquare property, MedSquare Place. We are thrilled Keralty Hospital Miami realized the high quality and location of MedSquare Place to continue delivering best in class health care services to our community,” added Alberto J. Perez, Partner, MAS^AJP.

Located on the corner of SW 24th Street and SW 92nd Avenue, MedSquare Place is a 37,000-square-foot Class A medical office building in the heart of Miami-Dade County. The MedSquare Place campus also houses The Contemporary, a high-quality active lifestyle, independent senior living community in the area.

“The lease with Keralty Hospital Miami brings MedSquare Place to full occupancy prior to delivery, marking another successful medical development project in Miami with MAS^AJP. In addition to Keralty Hospital Miami, we were able to attract Optum Care, who will be opening their new 18,000-square-foot center this month, and First Choice Dental Implant Centers, who is leasing 2,850 square feet,” said CBRE’s Gordon Messinger.