South Florida Business Journal
Mar 3, 2020, 2:39pm
Bankers Healthcare Group acquired a Miramar office building for $29 million and will move its headquarters there.
The expanded space will allow the company to add 129 employees by 2021, it said.
The company, which provides financial services to health care professionals, is currently based at 10234 W. State Road 84 in Davie, its home since 2015.
MFC 3700 Investors, managed by David Berger in Miami Beach and Ezra Katz of Miami-based Aztec Group, sold the 130,000-square-foot office building at 3700 Lakeside Drive to 3700 Lakeside Drive LLC, an affiliate of Bankers Healthcare Group. Synovus Bank provided a $31.94 million loan to the buyer to cover the acquisition and the cost of renovations.
The buyer was represented by Darcie Lunsford and Molly McDonough of Butters Realty and Management. Bankers Healthcare Group will start remodeling the building and plans to move in during October. Its 260 employees will occupy the first three floors.
“We founded our company’s corporate headquarters in South Florida nearly 20 years ago, and we’re thrilled to continue our growth here,” said Eric Castro, co-founder of Bankers Healthcare Group. “We’ve outgrown our current space and our new building can better accommodate our steadily increasing business and staff numbers.”
Amenities in its new headquarters will include a gym with personal trainers, a cafe with on-site chef, a yoga/meditation room, a massage room, and a coffee shop. G. Alvarez Studio will be its architect for the renovations.
Several pre-existing tenants will remain on floors four through six. Tenants include Space Coast Credit Union and Vista Energy, according to county records.
The building last traded for $18.3 million in February 2019, when it was sold by Space Coast Credit Union. The six-story building was built on the 12.5-acre site in 1996. It’s located just east of Interstate 75.
“BHG examined numerous opportunities,” McDonough said. “We had to find a location close to BHG’s existing Davie facility with high-quality corporate infrastructure that could be renovated and occupied quickly enough to meet the company’s brisk growth trajectory. Nothing on the market worked, so we identified and pursued this asset off-market because it fit our needs.”
Meanwhile, Bankers Healthcare Group will retain its office in Davie and seek to lease it to third parties after it relocates its headquarters