South Florida Healthcare and Life Sciences Team

Leading the Market in South Florida Healthcare and Life Science Advisory Services

At the heart of the healthcare and life sciences markets, is one truly progressive commercial real estate partner: Colliers International.

Colliers International offers highly-specialized service lines supported by a committed team across the full spectrum of real estate services. Healthcare and Life Science organizations have unique real estate needs and operate within highly regulated industries. Colliers’ understands these challenges and will partner with you to develop effective real estate solutions while allowing your staff to remain focused on its mission.

About Us

Christine and Michael have brought the two specialties of Healthcare and Life Sciences real estate together on one team. Both disciplines focus on regulated environments with specialized processes and sophisticated infrastructures. As the two highly specialized industries continue to create alliances with one another, this team believes that their knowledge and the rigorous processes that they practice for both Healthcare and Life Sciences will converge and benefit both types of clients.


 Download our Healthcare Team
brochure below

Healthcare brochure CISF cover_Page_1 copy

Download the Life Sciences Overview
brochure below

LifeSciences_Brochure_cover_Page_1 copy

Our team
Michael Brown
Senior Director | Life Science Services
Boca Raton

As Director on the Steering Committee of Colliers Global Life Science Practice Group, I bring 39 years of commercial real estate experience and 20 years of experience focusing on life science real estate. My acquired knowledge in life science work has been on both the landlord (Wexford Science & Technology) and the brokerage side within the industry.

I have experience with Parenteral Fill Finish, Solid Oral Dosage, Biologics, and Medical Device manufacturing facilities, as well as a solid background in Laboratory Research and Development/Pilot scale facilities and controlled environments. Through my work on local, regional and national site selection assignments, I have developed a firm grasp of the rigorous process required to meet the key search criteria of my clients.  

My knowledge of market conditions and influences in the life sciences supports my ability to be creative in structuring the financial details of both lease and purchase transactions. My network of a wide variety of trusted advisors within the industry facilitates a regular flow of information about life science real estate trends, pricing, and comparable data for leasing and sales transactions.

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Christine OConnor
Senior Director | Healthcare Services
Boca Raton

As Senior Director for Colliers' dedicated Health Care services practice, I bring  a solid understanding of the real estate challenges corporate users encounter, having drawn upon substantive experience as an in-house director of Corporate Real Estate for multiple companies with portfolios across the Americas. 

I specialize in portfolio optimization, data driven site selection and reduction of downtime, size and costs, all of which have critical impact on the Healthcare and Life Science industries, on a local, regional and global scale.

With previous experience in property management, leasing, sales, development, mergers and acquisitions, I am able to leverage my expertise in the entire life cycle of real estate to better serve our clients  in every phase of their short and long-term projects. 

Most recently, I was a Principal with KW Commercial and founded the O’Connor Group, and held prior positions including Director of Real Estate for Tyco International in Princeton, NJ; Vice President of Real Estate for Physiotherapy Associates in Exton, PA; Director of Corporate Real Estate for Right Management, Inc. in Philadelphia, PA; among other roles in Property Management. 

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We know Healthcare and Life Sciences

STRATEGIC EXPERTISE

Colliers understands the significant differences between healthcare, life science real estate and traditional commercial space. Whether operating, leasing, purchasing, selling, investing or developing healthcare real estate, Colliers’ experienced professionals work collaboratively with clients to identify market opportunities, optimize real estate efficiencies, or implement cost-control measures that ensure the best possible outcomes for unique requirements. 

GLOBAL NETWORK - Life Science
Colliers has a strong presence in each of the major biopharmaceutical clusters and emerging life sciences markets in the United States, Canada, Europe and Asia. We maintain industry connections around the globe so that we are best equipped to ensure that you have current information on market trends, peer best practices and critical data to align your real estate portfolio with your strategic goals. We believe that industry-leading life sciences companies and researchers are changing the world one discovery at a time. The Colliers Life Sciences Group provides services and real estate solutions that allow you to develop successful research and manufacturing strategies and support your efforts to continue to innovate and commercialize your products. Our team has earned a solid reputation for rapid, successful delivery of life sciences projects — including site selection and/or facility disposition for Gene Therapy Manufacturing, Biologics Manufacturing, Parenteral Fill Finish, Large and Small Molecule Labs, Medical Device Manufacturing, Vivarium Space — while effectively meeting our clients’ operational and financing goals. 

In addition, our wide experience in the expanding market of incubator space both institutional and from an investor and/or developer perspective allows us to aid our clients in completing successful projects from throughout the life cycle of the project.

GLOBAL NETWORK - Healthcare
At Colliers, we recognize that the healthcare industry has unique attributes that affect all aspects of real estate and facilities management that we must understand: Financial structure, Regulatory compliance, Approval requirements and processes.  As the industry continues to consolidate through mergers & acquisitions, partnerships and strategic alliances, healthcare providers are expanding regionally and nationally, centralizing real estate management into corporate management structures, with increasing sophistication and controls. Investors and developers that are committed to this sector, now more than ever, need to understand the unique attributes of healthcare in order to deliver sound real estate solutions. – this was the genesis of the Colliers Healthcare Services Fellow Program.  Colliers Fellows are a best in class team of brokers who have demonstrated consistent results working with the full spectrum of healthcare real estate clients, from local and national providers to public and private investors to developers of all types and sizes.  The Fellow is hand selected by Colliers Management based on their experience & tenure in healthcare real estate, their knowledge of the healthcare industry and a commitment to participate through dues and ongoing training.

Colliers is dedicated to maintaining its’ premier brokerage and consulting service in the Healthcare Industry with best in class data from resources like RevistaMed, Definitive Healthcare and the Medical Advisory Board. We have the tools to help you identify market gap opportunities and locations that match the demographics that will produce the most successful single or multiple offices in your portfolio. This Florida team has over 80 years of combined experience in commercial transactions and managing multi locational projects throughout the US.

INDUSTRY KNOWLEDGE  
Our team maintains relationships with industry experts including engineers, designers, financiers, attorneys and developers to heighten client value and ensure our leading-edge understanding of industry products and services. We recognize the unique challenges healthcare and life sciences organizations must overcome and pride ourselves on working with you each step of the way. For an initial consultation on market conditions that may influence your real estate strategy please contact us. 

Committed to the success of your business
As Trusted Advisors We:

 

> Analyze leasing options to find the best combination of image, efficiency and value 

> Provide guidance on lease versus own scenarios 

> Manage capital resources and control costs 

> Negotiate transactions that provide flexibility for growth or “right-sizing” 

> Utilize specialized market knowledge to leverage your position and seize new opportunities 

> Obtain the best possible “Landlord concessions” to conserve capital 

> Strive to mitigate risk and limit financial exposure in every transaction 

> Assist with regulatory compliance 

South Florida Inventory
The South Florida healthcare real estate sector remains on solid footing. Healthcare needs are a constant and expanding with a growing and aging population. These factors have led to a strong South Florida market with medical office building (MOB) vacancy rates at a low 7.9 percent and rental rates at $24.38 per square foot. Demand for MOB’s is strong among both investors and tenants leading to more than $144 million in sales activity over the past twelve months. Furthermore, new hospital and MOB construction abounds with over 2 million square feet delivered since the start of 2017 and another 4.4 million under construction. 

Investors and users should be cognizant of the headwinds facing the healthcare and medical real estate sector including demographic changes, advances in technology, financial scrutiny and profitability, co-locations with retail uses and a lack of clarity over policy changes to Medicare, Medicaid and the Affordable Care Act (ACA). While prevalent factors to closely monitor, the medical office sector remains attractive in terms of both stability and diversification. 

Healthcare inventory circle graph

 

 


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Knowledge Leader

Why Florida?

With a Business-friendly environment and large industry base, Florida has the prescription for your success.

Learn more in the Florida | Life Sciences Industry Brochure

Life_Sciences_Industry_in_FL1_Page_4
advocatehealthcare 200px Alexandria 300px  Almac 300px
Assembly Bio 300px BioMed Realty 200px BMSlogo300px
BRI_logowp 300px logocellectis300px Childrens hospital Philly 200px
CuraHealthsmallLogo 200px logoone300x180 neose 300px
Novant Health 200px Pfizer_300px ROlogo 200px
The Science Center of Philadelphia 300px Stamford Health 200px Tenet_Healthcare_logo200px
Tengion 300px  logo_teva 300px um300px
USPIModernLogo 200px  unitedveincenters01  VenatorX 300px
 ViroPharmabig 300px Washington Univ 300px  wave300px 
   Wexford_Logo_300px  
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