Rendina Healthcare Real Estate announced the acquisition of the Wellington Medical Arts Pavilion III, a 48,000 square foot, four-story, class-A medical building on the campus of Wellington Regional Medical Center (WRMC), a Universal Health Services (UHS) hospital in Wellington, Fla.
This acquisition, valued at $18.25 million, is a joint venture between Rendina & Artemis Real Estate Partners, and represents a continued commitment to investing in high-quality healthcare real estate in high-demand markets.
"It's great to be in an ownership position with this asset again, given we developed it and the adjacent buildings in the early 2000s,” said Richard M. Rendina, chairman and CEO at Rendina. “Wellington has always been a strong market, and we are excited to be back on Bruce A. Rendina Boulevard, the crossroad dedicated to our father and founder between the medical buildings and hospital. We look forward to continuing our successful partnership with UHS, a top-in-
