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Kissimmee Medical Village to open in 2016

Real estate investor and developer Tim Majors told GrowthSpotter he has already pre-leased his new Kissimmee Medical Village office building just two weeks after closing on the purchase.

Majors, under the name Noosa Investments, bought the bank-owned building at 1975 S. John Young Pkwy. for $935,000 on Aug. 27. He told GrowthSpotter he plans to spend another $2 million converting the vacant office building into Class-A medical offices. He expects construction to last through the end of the year and anticipates opening in early 2016.

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Majors is a former Australian attorney and businessman who moved to the United States in 2009 after selling his company to a private equity arm of Macquerie Bank. He now specializes in development and leasing of medical office space. He founded the "Medical Villages" brand with locations throughout central Florida, including Lake Nona and Winter Garden.

But he got his start in Kissimmee. "When I first moved here from Australia, my first property was the City Centre project in downtown Kissimmee," he told GrowthSpotter. "I've long since sold it."

This will be Majors' ninth Medical Village project. He also has future locations planned in Ocala and Cocoa Beach.

Dale Parsons of Parsons Group is the architect and construction manager, according to Majors Investments.

Have a tip about Central Florida development? Contact me at lkinsler@growthspotter.com or (407) 420-6261. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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