Easterly Government Properties Inc. of Washington, DC, intends to purchase the Jacksonville Veterans Affairs Medical Center under development in North Jacksonville.
It is part of a portfolio of 10 properties fully leased to the VA, mostly on 20-year leases. The center is under construction to be completed in the summer of 2023.
Easterly announced on July 18 that it had, through its joint venture, completed the purchase of a 67,793 square foot outpatient facility leased from the Department of Veterans Affairs in Columbus, Georgia.
He said the Columbus center is the seventh acquisition in his previously announced portfolio of 10 properties 100% leased to the VA.
Easterly intends to purchase the two-building, 193,100-square-foot Jacksonville VA center, but has not announced a date.
The North Florida and South Georgia Veterans Health System on Dec. 15 opened the $64.2 million VA outpatient clinic and home at 145 Heron Bay Road along Max Leggett Parkway, northeast of UF Health North and River City Marketplace.
The home will provide an additional 30 beds of residential treatment capacity to the health system, David Isaacks, director of North Florida and South Georgia Veterans Health System, said in a press release.
The clinic will offer MRIs, CT scans and a women’s imaging centre. Substance abuse, homelessness and PTSD programs will be available.
The clinic will replace the Jacksonville VA Southpoint and University sites. The Jacksonville Outpatient Clinic on Jefferson Street in Springfield will remain open.
Permits show a $54 million two-story, 173,200-square-foot outpatient center and a $10.2 million one-story home.
Jacksonville VA OPC LLC purchased the 21.06-acre North Jacksonville site for $8.424 million on December 22, 2021. BMO Harris Bank issued a construction mortgage for nearly $89.3 million on January 22.
Indiana-based Meyer Najem Construction LLC is the contractor. Sain Associates, based in Alabama, is the civil engineer.
Easterly announced Oct. 14 that it had reached an agreement to acquire a 10-property, 1.2 million square foot portfolio of facilities leased from the Department of Veterans Affairs for $635.6 million.
He said the properties will be purchased in a joint venture with an undisclosed global investor, with Easterly retaining a 53% stake in the portfolio.
Easterly said it is a real estate investment trust focused primarily on acquiring, developing and managing Class A commercial properties leased to the US government directly or through the US General Services Administration. .
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