BGO Picks Up Tampa-Area Medical Facility
The fully-leased building has a focus on women's health.
BGO has acquired a 41,810-square-foot medical office property in Riverview, Fla., a submarket of Tampa. CBRE represented the seller, Harrod Healthcare Real Estate, in the off-market transaction.
The two-story property came online in 2025 and is fully leased to Women’s Care Enterprises and AdventHealth. The property sold for approximately $28.5 million, Tampa Bay Business & Wealth reported. Harrod purchased the land parcel in 2023 for $3.8 million, according to PropertyShark.
The tenants have a weighted average lease term of 9.3 years remaining. According to Kevin Yen, principal at BGO, the company is prioritizing healthcare real estate to mitigate portfolio risk and secure durable income returns. He added that the strategy is supported by demographic trends, including population growth and an aging population in Florida markets such as Tampa and Orlando.
“In an uncertain economic climate, the demand for healthcare space remains exceptionally resilient and reliable,” Yen told Commercial Property Executive. “The recently acquired assets provide core returns with long-term, credit tenants.”
The Simmons property is focused on women’s healthcare, labor and delivery, as well as primary care.
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Located at 6606 Simmons Loop Road along U.S. Route 301, the property is near St. Joseph’s Hospital-South, a 223-bed facility. AdventHealth Riverview, located roughly 6 miles north, is expanding from 80 beds to 150 beds.
This acquisition comes as BGO continues to expand its portfolio in the medical office sector. In December 2025, the company partnered with Anchor Health Properties for the acquisition of Southwest Medical Village, a 71,394-square-foot medical office building in Austin, Texas.
CBRE’s U.S. Healthcare Capital Markets team that arranged the transaction included Vice Chairman Chris Bodnar, Executive Vice President Brannan Knott, Senior Vice Presidents Zack Holderman and Anthony Sardo, First Vice President Cole Reethof and Vice President Jesse Greshin.
Medical office demand in the Sun Belt
Medical office properties continue to attract institutional capital despite broader office-sector challenges, driven by demographic growth, outpatient-care expansion and constrained new supply, in line with broader sector trends.
Similar to Tampa, many Sun Belt markets continue to see limited new medical office development alongside strong investor demand for assets tied to expanding healthcare systems and population growth.
Earlier this month, Woodside Health acquired a 40,000-square-foot property from SITE Centers in Chapel Hill, N.C. The company purchased Building 400 at Meadowmont Crossing, which is anchored by UNC Health.
On the development side, CP Group announced in March that it will redevelop four buildings at Piedmont Center in Atlanta into Buckhead Medical Center. The project will add 85,000 square feet of medical office space to the mixed-use district.
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