Meso Scale Diagnostics Acquires 9.1-Acre Development Site In Palm Beach Gardens For $18.9M

Meso Scale Diagnostics, a medical technology firm, has acquired a 9.1-acre development site in Palm Beach Gardens for $18.9 million. The property, located at the southwest corner of PGA Boulevard & Ballenisles Boulevard, just east of Florida’s Turnpike, was previously approved for a hospital. The sale marks a surge in medical building development and sales in South Florida.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,900,000
• Acres: 9.1
• Market: Palm Beach Gardens

The buyer in this transaction is Meso Scale Diagnostics, represented by Jacob Wohlstadter. The seller is John Clark Bills.