MedSquare Health Breaks Ground Next to Baptist Hospital

WHAT:

MedSquare Health, a new $40 million Class "A" medical office building located next to Baptist Hospital of Miami by owners and developers AJP Ventures and Mas Group, is breaking ground the first week of March 2019. Both partners will host a groundbreaking ceremony and public press conference on Wednesday, March 6^th at 10 a.m. The following city leaders will be in attendance: Alberto J. Perez of AJP Ventures; Juan Carlos Mas of Mas Group; Gordon Messinger of Cushman & Wakefield, the exclusive real estate brokerage firm handling medical office leasing at the property; Ivo Fernandez of Modis Architects; Jorge Navarro, Land Use Attorney at Greenberg Traurig; and executives from Iberia Bank, which has provided funding for this project.

The new 116,000-square-foot building is located at 9408 Southwest 87th Avenue and within walking distance to the largest Baptist Health facility and one of America's most preferred medical centers.

"We're excited to begin working on this project as there's a high demand for healthcare real estate in South Florida," states Alberto J. Pérez, Founder and President of AJP Ventures. "The completion of MedSquare Health will ensure that South Florida healthcare providers in all types of practices can continue to fulfill their mission of serving our community for many years to come."

MedSquare Health will be the first, off-campus Class "A" medical office building to be developed in the Baptist Hospital of Miami submarket in over 20 years. The three-story office project sits on 4.5 acres of land and will be developed as a LEED certified building.

The design will be led by Modis Architects with careful attention to the quality of tenant and patient experience, from the work environment to outdoor gathering spaces, with an emphasis on maximizing natural light throughout with floor-to-ceiling glass windows.  Dual entry provides access from the adjoined, two-story parking garage as well as the prominent entrance on Galloway Road.  Other building amenities include valet parking, 7:1,000 parking ratio, an on-site café and shared conference room space.  Asking rent for the office space is in the low $40s per square foot net.

MORE ABOUT MAS GROUP

Juan Carlos Mas leads the Mas Group of Companies, an investment group that seeks out strategic and transformational investments in the real estate, construction equipment, healthcare, and technology sectors.  The Mas Group looks for opportunities not just to add capital, but to add its significant operational and strategic expertise in helping companies achieve their objectives. In addition to MedSquare Health, the Mas Group has invested in millions of square feet of real estate projects, encompassing all stages of development across multiple sectors. For over three decades, Mr. Mas has invested in, started, and advised numerous companies, helping to unlock shareholder value through growth initiatives and strategic acquisitions. For more information, please contact the Mas Group at 305-448-1088.

MORE ABOUT AJP VENTURES

As a firm that acquires, develops and manages commercial real estate throughout South Florida, AJP Ventures provides investors and partners superior risk-adjusted returns throughout the multiple stages of the real estate market cycle.  AJP's notable commercial real estate projects include The Building on Ponce Circle, MedSquare Health, Mandarin Parc, Casa Venti Dos, 26TwentySix Ponce, House 57 and Ocean Bay House. For more information on AJP Ventures and their current projects, visit http://www.ajpventures.com.

WHEN:

Wednesday, March 6^th, 2019 at 10 a.m.

WHERE:

MedSquare Health

9408 Southwest 87th Avenue

Miami, FL