493,012-square-foot medical outpatient property acquired by Baptist Health
August 18, 2026
JACKSONVILLE – Transwestern announces its Healthcare Capital Markets team arranged the $65 million sale of Southbank Medical Pavilion, a 493,012-square-foot medical outpatient building at 841 Prudential Drive in downtown Jacksonville. Transwestern represented ShareMD in the disposition to Baptist Health.
“Southbank Medical Pavilion is a unique healthcare asset given its scale, location and position within one of the Southeast’s most significant healthcare hubs,” said Steve Leathers, Senior Managing Director at Transwestern. “The property attracted interest from a range of investor and healthcare groups, creating a competitive process and a successful outcome for our client. We appreciate ShareMD’s trust in our team to execute this important assignment.”
The 22-story Southbank Medical Pavilion is 94% leased and situated on 7.9 acres along the Southbank of the St. Johns River. The property is directly adjacent to Baptist Health’s flagship campus and near Wolfson Children’s Hospital, Baptist MD Anderson Cancer Center and Nemours Children’s Health. In addition to the medical tower, the property includes a six-story, 1,124-space parking garage totaling 324,212 square feet and two development outparcels.
"ShareMD needed a capital market team that understood health system transactions from the inside and also effectively market the property to a broader audience. The Transwestern team's institutional healthcare knowledge guided us to the best outcome, and their approach was consistently respectful of our long-standing relationship with Baptist Health throughout the process," said ShareMD President and Managing Director Mario Gonzalez.
Transwestern’s Healthcare Capital Markets team of Leathers, Bill Boyd, Seth Gilford, Jake Jordan, Angela Heidman, and Max Hastings led the marketing and sale process, generating offers from healthcare-focused investors, Jacksonville office investors and healthcare providers. The team specializes in healthcare and medical property investment sales, debt placement, and advisory services nationwide.
About Transwestern
Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $64 billion1 in assets. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, sports & entertainment, and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.
1Includes all Transwestern enterprise and its RIA AUM as of April 1, 2026.
Media Contact:
Montgomery Angel
(346) 232 - 8625
Montgomery.angel@transwestern.com
twmediarelations@transwestern.com
