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Tampa medical chain buys two I-4-facing office bldgs to enter Orlando market

Tampa medical chain buys two I-4-facing office bldgs to enter Orlando market
This is one of two buildings in Orlando recently purchased by Physician Partners of America, which plans to convert it to an ambulatory surgery center. (CITY Commercial)

A Tampa-based medical chain is expanding into Orlando with the recent purchase of two buildings that front Interstate 4 near Rio Grande Avenue.

Physician Partners of America (PPOA), which operates 33 pain clinics, ambulatory surgery centers and other medical facilities in Florida and Texas, paid $4.8 million for the two buLildings, according to a deed signed May 9 and recorded last Thursday in Orange County.

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At 9,909 square feet and 11,234 square feet, the two buildings were built in 2005 and occupy separate 0.75-acre parcels. BR3 Management, Inc., of Winter Park was the seller, represented by Lee Zerivitz of CITY Commercial.

PPOA plans significant renovations to the smaller structure at 1736 33rd St. The building, which until recently was leased to Massey Pest Services, will be converted to an ambulatory surgery center, said Chris Angelo, associate with Century 21 Elite Locations of Tampa who brokered the sale.

"My job was to find them a surgery center in Orlando," Angelo said. "We tried but we couldn't do it. So, we decided to buy these two buildings."

General contractor on the project will be Wallace Associates LLC, a company based in St. Petersburg that specializes in health care facilities construction.

Angelo said PPOA executives have not decided what they will do with the second building at 1724 33rd St. Both buildings are two stories.

Physician Partners of America was founded in 2013 by Dr. Rodolfo Gari. He previously founded Surgery Partners Holdings, which Gari sold in 2009, according to Angelo.

The company has grown from three employees when Gari founded it to 300 in 2016, according to its website. Gari could not be reached for comment on Wednesday.

PPOA first opened 24 pain clinics in Dallas, followed by three surgery centers. The company continues to expand, now in Florida.

"We have Tampa ramping up and now we're spreading out," Angelo said.

PPOA is under contract to buy a 30,000-square-foot former Circuit City store in Merritt Island that will be converted to an ambulatory surgery center with additional offices for different medical specialties, Angelo said. The company's website says clinics also are coming in Titusville and Melbourne.

Have a tip about Central Florida development? Contact me at msalinero@outlook.com. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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