Mark Gabbay Of LaSalle Investment Management Acquires Medical Office In Temple Terrace For $53.55M

A medical office asset located at 5901 East Fowler Avenue in Temple Terrace has been sold for $53,550,000. The property encompasses 85,000 square feet and is situated within the Temple Terrace market, featuring a price per square foot of $630. The site was redeveloped from a former grocery store into a medical facility for the Florida Orthopedic Institute.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $53,550,000
• Address: 5901 East Fowler Avenue
• Market: Temple Terrace
• Asset Size: 85,000 SF
• Price per Square Foot: $630
• Buyer: Mark Gabbay - LaSalle Investment Management
• Seller: Carlos Alfonso & Frank Capitano - Alliant Partners Development
• Brokers: Ben Appel - Newmark

The transaction involved Mark Gabbay representing LaSalle Investment Management as the buyer, while Ben Appel acted as the broker representing the sellers, Carlos Alfonso and Frank Capitano of Alliant Partners Development. This deal marks a significant medical real estate transaction in proximity to the University of South Florida.