Vitalis Acquires 30,000 SF MOB on 15-Year Leaseback in Jacksonville.

The transaction closed May 23, 2024.

Vitalis acquired a 30,165 SF medical outpatient building and surgery center located at 8262 Point Meadows Dr in Jacksonville, FL. Cross Regions developed the build-to-suit for Coastal Health in 2022. The facility includes clinical space for Coastal Health’s Orthopedic, Spine, Pain Management, Podiatry, and Physical Therapy practices in addition to a 8,000 square foot ambulatory surgery center on the first floor.

Coastal Health is a multi-specialty healthcare practice headquartered in Jacksonville, Florida with 13 locations and a team of over 80 certified providers strategically located facilities in North and Central Florida.

“We are excited to continue our expansion in Florida and look forward to a long term relationship with the developer, Cross Regions, and operator, Coastal Health” says Managing Director Elliot LaBreche.

This is Vitalis’ second acquisition in Jacksonville in the last 12 months.
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About Vitalis:
Elliot LaBreche is the founder of Vitalis, a vertically integrated real estate investment company focused on Healthcare Real Estate investment sales, acquisitions, and leasing across the US.

About Advenir:
Stephen Vecchitto, founded Advenir in 1996 and serves as the company’s Managing Director. Advenir acquires, develops, and manages multi-family and single-family rental communities on behalf of high net worth and institutional investors. Advenir’s current multi-family portfolio consists of 15,000 units valued at over $3 Billion.
Media Contact: Abigail Kind, 802.881.9278