Baptist Health plans to expand, pays $40M for ground lease and dev site 

Baptist Health South Florida is expanding its real estate holdings after acquiring a ground lease in Palm Beach County and a Broward development site for a combined $40 million. In the larger deal, Coral Gables-based Baptist Health, led by CEO Bo Boulenger, paid $26 million for the ground lease of a three-story medical office building at 9868 State Road 7 in Boynton Beach, according to records and real estate database Vizzda. The property is adjacent to the Baptist Health-owned Bethesda Hospital West. The seller of the ground lease is an affiliate of Boca Raton-based The Greenfield Group.  Bethesda Hospital owns […]This article originally appeared on The Real Deal. Click here to read the full story.