About Tradition HealthPark I & II
In June 2015, Optimal Outcomes purchased an existing medical office building and adjacent developable land in the Tradition master planned-community located in Port St. Lucie, FL adjacent to Martin Memorial Health System Tradition Medical Center. The total land acquired was 10.73 acres. The existing medical office building contains 41,750-sf, was built in 2013, is connected to the hospital, and is currently 100% occupied. The additional land comprises approximately 7.2 acres with entitlements for up to 108,000-sf of future medical office development. Optimal is pursuing the development of a second medical office building which will be three stories and contain approximately 60,000-sf.
The property is located in the Tradition master planned community of Port St. Lucie, Florida and enjoys the premier location in the market for medical development immediately adjacent to Martin Health’s new Tradition Medical Center, a 90-bed acute care hospital opened in 2014. Martin Health recently commenced construction on an expansion of the hospital to 190 beds, with a proposed completion date of late-2017. Martin Health occupies a significant portion of the existing medical office building and is in the process of determining function needs for the second medical office building. Finalization of a lease is expected in early 2016 at which time construction is anticipated to commence.
Tradition HealthPark|TWO, adjacent to the existing HealthPark|ONE, is a 60,000 sq. ft. three-story, state-of-the-art, Class-A medical building. Tenants include a large multi-specialty clinic affiliated with Martin Health System, an ambulatory surgery center, a laboratory and a pharmacy. Other providers and specialists – local and peripheral – continue to express interest in the space as they seek to be part of the growing medical campus and capitalize on the growth and demographics of Tradition, FL.
Located adjacent to HealthPark|ONE and the recently opened 90-bed Tradition Medical Center Hospital, HealthPark|TWO represents the second phase of the expanding medical campus encapsulating the rapidly growing new Hospital which is currently in the process of doubling its capacity. Optimal acquired the land and the existing building with a firm belief that the growth of the surrounding area and the incredible success of the Tradition Medical Center Hospital would quickly lead to additional demand for medical space. Less than a year after the initial acquisition, HealthPark|TWO represents that reality. Space at this time is limited.