Public company signs long-term lease at former USA Today printing pres
Published on March 09, 2022
CRG Integrated Real Estate Solutions will turn USA Today's former printing press facility in southern Broward into a 56,000-square-foot health care and nursing school run by a Chicago-based for-profit institution.
Adtalem Global Education (NYSE: ATGE) signed a long-term lease to move its Chamberlain University nursing school into the ex-printing and distribution facility once the rehab is complete at 10315 USA Today Way in Miramar. The printing press is five miles away from Chamberlain's current Miramar campus at 2300 S.W. 145th Ave.
Jason Blum, VP of development for Clayton, Missouri-headquartered CRG, told the Business Journal that the former printing facility was an ideal spot for Adtalem.
"It is located near [Chamberlain University's] existing campus, which was an important consideration for current students and stakeholders, and the size and layout of the building fit the parameters needed for its new campus," Blum said in an e-mail.
The facility is also large enough to increase Chamberlain University's student body "in order to meet the ever-growing demand for health care professionals," Blum added.
Pending regulatory approvals from the state, the new campus will house administrative offices for Adtalem's other schools, too, including Ross University School of medicine, the American University of the Caribbean School of Medicine, and the Medical Education Readiness Program, according to a release from CRG.
Besides administrative offices and classrooms, the future seven-acre Chamberlain University will have science labs, simulation care centers, study areas, and lounges, and 300 parking spaces, CRG stated.
CRG plans to spend $250 a square foot renovating the structure, Blum said. Preliminary work has already started, but a timeline for the project is yet to be determined.
Source: Bojnansky, E. (2022, March 9) "Public company signs long-term lease at former USA Today printing press" South Florida Business Journal