lange-eye-institute-brackett-flagship
The Villages, Florida 21,384 SF

SUMMARY

The Lange Eye Institute is a 21,384 square foot medical and professional office building located in The Villages, Florida. The Institute’s prominent location within the surprisingly active retirement community attracts a variety of medical and professional tenants. The Lange Eye Institute is owned fee-simple which is a rarity in the master-planned community of The Villages.

CHALLENGES

  • The building was previously owned by an owner-occupant and extensive deferred maintenance was uncovered during the due diligence process.

SOLUTIONS

  • The Brackett Flagship Properties team worked diligently before the acquisition to identify and reserve for all necessary capital expenditures at the property. Immediately after closing, BFP began to repair and renovate the building, maintaining compliance with both the local authority and ensuring that the building remains an attractive asset for years to come.