St. Joe JV Completes Florida Panhandle MOB

The St. Joe Co. has completed the Tallahassee Memorial HealthCare Medical Office Building, an 80,000-square-foot facility in Panama City Beach, in the Florida Panhandle.

The developer broke ground on the project representing the first phase of the FSU Health-Tallahassee Memorial HealthCare Medical Campus in January last year. Development partners included Tallahassee Memorial HealthCare and Florida State University. Robins & Morton served as general contractor.

Designed by HuntonBrady Architects, the four-story medical building is home to TMH Physician Partners – Primary Care, TMH Urgent Care Center, Coastal Tides Surgical Center and TMH Physician Partners – Cardiology. Pulmonary and orthopedic services are also available on-site.

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Located at 1002 N. Arnold Road, the facility is some 8 miles from the city’s downtown and 12 miles from the Northwest Florida Beaches International Airport.

The Tallahassee Memorial HealthCare Medical Office Building is larger than most current medical office developments which are less than 50,000 square feet, according to a recent Marcus & Millichap report. Furthermore, new construction is hindered by material shortages and labor costs, so future projects could involve more traditional office conversions.

Part of a bigger campus

The FSU Health-Tallahassee Memorial HealthCare Medical Campus will include a hospital featuring an emergency center and other inpatient services, including surgery, cardiology procedures and imaging. Robins & Morton expects to break ground on that development in the following months and completion is expected by the end of 2027.

The 87-acre development will also feature the 140,000-square-foot FSU Health Tallahassee Center, a medical and research-related facility that was funded with a $125 million grant from the Florida Legislature. This project broke ground last September and is slated for delivery in 2026.