Newmark Arranges $53 Million Sale of Trophy Orthopedic Medical Outpatient Building in Tampa, FL

October 30, 2025 9:00 AM

Newmark announces the Company has arranged the $53.5 million sale of the Florida Orthopaedic Institute Medical Outpatient Building and Surgery Center, an 85,000-square-foot, state-of-the-art facility located in Tampa, Florida. The property is 100% leased to Florida Orthopaedic Institute, the largest orthopedic provider in Florida and the fifth largest in the country.

Newmark Co-Heads and Vice Chairmen of U.S. Healthcare Capital Markets Ben Appel, Jay Miele and Justin Shepherd, Head of Healthcare Debt John Nero, Senior Managing Director Michael Greeley and Director Ron Ott, represented the seller, Alliant Development Partners, and procured the buyer, an institutional investment manager.

“The offering’s unmatched combination of scale, quality and credit—paired with its purpose-built design, premier tenancy and long-term stability—resonated deeply and generated one of the deepest bidder pools that we have seen in recent years,” said Appel. “This transaction is a testament to the continued strength of the healthcare real estate sector.”

Completed in Spring 2025, the trophy-quality, mission-critical facility was purpose-built for the institute and houses the provider’s full range of orthopedic services. Notable features include a nine operating-room ambulatory surgery center, imaging suites, physical therapy, clinic space and urgent care. Furthering its appeal, the property is subject to a long-term lease with annual fixed rent escalations, underscoring its stability as an institutional-quality healthcare investment.

Strategically located along the highly traveled East Fowler Avenue corridor—adjacent to the University of South Florida and AdventHealth Tampa’s 626-bed campus—the asset benefits from excellent visibility and accessibility in the Temple Terrace submarket.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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