BayCare, a health care provider in West Central Florida, has acquired a 36-acre office parcel in Tampa Bay Park, adjacent to its St. Joseph’s hospitals’ campus, for strategic growth and service consolidation.
The newly acquired property, which includes three buildings and two parking garages, represents a more than 75% increase in BayCare’s property holdings in the West Tampa neighbourhood.
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The acquisition encompasses the LakePointe One, LakePointe Two, and Spectrum buildings within the Tampa Bay Park, adding 615,656ft² of office space and 2,501 parking spaces to BayCare’s assets.
BayCare plans to use the space to expand its Medical Group physician practice, centralise services from leased offices, and establish a headquarters for its graduate medical education (GME) and research programmes.
BayCare president and CEO Stephanie Conners said: “The opportunity to buy such a large piece of property contiguous to one of our largest medical campuses provides us with the opportunity to expand important speciality services for our patients and communities. This expanded campus will serve the entire region as a medical destination for speciality care.”
BayCare is currently engaging with the current tenants of the facilities to maintain lease agreements.
The transition of BayCare offices and clinics to this new property will be gradual.
The long-term vision includes a new vehicular bridge connecting the property to the hospitals’ campus, enhancing the integration of services with St. Joseph’s hospitals.
BayCare has also announced significant developments for St. Joseph’s Children’s Hospital, with a new facility expected by 2030.
St. Joseph’s Hospital and its trauma centre continue to be vital for acute and speciality care in the region.
In addition, BayCare aims to grow its GME programmes by 2029 to 650 residents.
It is currently expecting to have up to 283 residents across 18 programmes by mid-year, serving the primary counties of Pasco, Hillsborough, Pinellas, and Polk.
