Terranova Closes $3.7 Million, 27,000 Square-Foot Lease For Health Management Associates in Sarasota, Fl

SARASOTA, FLORIDA – March 26, 2012 – Terranova closes a $3.7 million lease for Hospital Management Associates, Inc., a subsidiary of Naples based Health Management Associates, Inc. (HMA), in the Sarasota Commerce Center II located at 101 Arthur Andersen Parkway Sarasota, FL 34232.

Terranova Senior Associate, Bob Travis, represented the tenant in the 27,000 sq. ft. lease. “We are delighted to have facilitated the relocation of Health Management Associates’ new Florida Regional Service Center to this area of Sarasota County,” said Travis. “We also greatly look forward to their continued success and expansion at this location.”

HMA has 66 hospitals and 461 clinics across 15 states. The multimillion dollar lease of HMA’s regional service center is conveniently located in its most serviced state, Florida, with approximately one-third of their hospitals and clinics located there. HMA plans to employ more than 200 associates at the regional service center.

Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio valued at more than $1 billion. The company offers complete commercial real estate services, including asset and property management, leasing, tenant representation, acquisitions, dispositions, financing, construction management and development services.

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