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News release

MIAMI, FL

JLL Tapped to Lease New Mercy Medical Arts Building in Miami, FL


MIAMI, Oct. 6, 2015 – South Florida’s healthcare industry continues to grow, fuelled by an increase in population and demand for medical services. JLL (NYSE: JLL) announces today it has been tapped to exclusively lease Mercy Medical Arts, a new four-floor medical office building on the main campus of Mercy Hospital expected to open its doors in the Spring of 2016. 

Located at 3683 South Miami Ave. in Miami’s Coconut Grove neighbourhood, Mercy Medical Arts will offer 115,000 square feet of new medical office space with ample visitor parking and physician parking on ground level and waterfront views of Biscayne Bay. JLL’s Senior Vice President Noël Steinfeld will spearhead the leasing efforts on behalf of the developer Onicx.

The project is part of a major renovation initiative Mercy Hospital is undertaking including the construction of a new helipad and boat dock area to offer direct access to the medical complex by air and sea, a new intensive care unit, and upgrades to all patient floors and labor and delivery suites, among other improvements.
 
“Strategically located between Brickell Financial District and Coral Gables in the heart of Coconut Grove, the newly built Mercy Medical Arts will offer physicians and medical practitioners an opportunity to lease state-of-the-art medical office space at competitive leasing rates,” said JLL’s Noël Steinfeld.  “With Miami’s office market experiencing a strong demand and limited supply of quality medical office space, the four-floor property will appeal to tenants seeking a great location within a world-class hospital complex.”

For leasing opportunities, please contact Noël Steinfeld of JLL at (305) 704-1338. To learn more about Mercy Medical Arts and view renderings and floor plans of the medical office suites available, please visit www.mercymedicalarts.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.