PDS Health Leases New Properties in Jacksonville

News Summary

PDS Health has announced the leasing of two newly acquired properties in Jacksonville as part of a broader investment strategy by Covenant Real Estate Group. The locations include a former Arby’s restaurant and a closed Bank of America branch, allowing PDS Health to expand its healthcare services and further integrate dental and medical practices. With their 30th anniversary approaching in 2024, this move signifies their commitment to enhancing healthcare delivery in the region, along with plans for additional developments.

Exciting Developments in Jacksonville: PDS Health Leases Newly Acquired Properties

Jacksonville is buzzing with exciting news as PDS Health has just announced that they will be leasing two properties recently acquired in the area. This move is part of a larger investment strategy initiated by Covenant Real Estate Group, which is keen on snapping up locations throughout Jacksonville and even beyond, across the United States.

What’s Being Leased?

The properties making waves include a former Arby’s fast-food restaurant and a closed Bank of America branch. The Arby’s location was purchased for a cool $3.075 million by Sidlyd SSA Investors LLC on February 28. Situated on Southside Boulevard, the site encompasses 3,604 square feet and sits on 0.75 acres. With a mortgage of $2 million secured through Sunwest Bank of Irvine, California, this investment sets the stage for future developments.

On the other hand, the Bank of America branch, located at 2709 Monument Road, was acquired by Jacksonville Covenant Group LLC for $1.525 million on November 20, 2024. This site is larger at 3,804 square feet and rests on 0.61 acres within the bustling Cobblestone Crossing shopping center. Originally built in 1987, this property features a five-teller-lane drive-thru, making it a prime candidate for redevelopment.

Who’s Behind the Scenes?

Behind this clever acquisition is Jacksonville Covenant Group LLC, managed by Nevada RE Manager LLC. Leading the charge are significant figures including Stephen E. Thorne IV and the aforementioned Chris Aguon. This team is based at their headquarters in Henderson, Nevada, but they are making waves on the East Coast.

Growth of PDS Health

PDS Health, which proudly supports over 4,600 clinicians across nearly 1,000 practices in 24 states, is clearly on the move. With 79 locations in Florida alone, they are not just sitting back and relaxing; they are *embracing growth and integration*. Recently, they’ve set their sights on integrating dental and medical services to improve overall healthcare delivery. This marks a significant transition from a dental support provider to a more expansive healthcare organization.

30th Anniversary and Future Plans

2024 is a notable year for PDS Health as they celebrate their 30th anniversary. They’ve been on the forefront of integrating dental specialties into general practices, which has transformed the way healthcare is approached. Beyond Florida, PDS has operations in Henderson, Dallas, and Irvine, and they’re bringing plans for a new support center to Miami.

Just recently, PDS Health unveiled a new 36,000 square foot headquarters that boasts modern executive office spaces and a leadership academy, paving the way for a bright future. The focus remains on enhancing collaboration between dental and medical professionals, leading necessary changes in the healthcare sector.

What This Means for Jacksonville

As Jacksonville welcomes these properties into the fold, there’s much excitement in the air about how PDS Health’s presence will influence the community. With long-term plans for development and investment, it’s clear that Jacksonville is positioning itself as a crucial player in this burgeoning healthcare landscape.

In summary, PDS Health and Covenant Real Estate Group are not just making investments; they are reshaping the future of healthcare in Jacksonville and beyond. As they transition into new properties and expand their services, one can only imagine how much *buzz* this will create in the community.

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Additional Resources

• Jax Daily Record: Covenant Real Estate Buys Two Jacksonville Sites
• Wikipedia: PDS Health
• Jax Daily Record: Pacific Dental Services Leaders Buy Closed Arby’s
• Google Search: PDS Health Jacksonville
• Jax Daily Record: Company Linked to Pacific Dental Services Buys Closed Cobblestone Bank Branch
• Google Scholar: PDS Health growth
• Jacksonville.com: Recent Real Estate Transactions Around Northeast Florida
• Encyclopedia Britannica: healthcare trends 2024