Within a span of five weeks, the city issued permits for the three identified PDS Health locations in Jacksonville in the Tinseltown, Regency and East Arlington areas.
Slate Medical & Dental Construction Services of Hollywood, Florida, is the contractor at a project cost of $375,000 each.
PDS Health provides dental and medical support services to dental practices.
Covenant Real Estate Group, related to PDS Health, bought two of the sites and will lease them to the dental practices. Both are based in Henderson, Nevada.
The city issued the latest permit June 3.
In the Tinseltown area, Slate Medical & Dental Construction will renovate the closed Arby’s at 4316 Southside Blvd., near Publix Super Markets Inc. at southwest Touchton Road and Southside Boulevard.
The building was developed in 2004 for Arby’s.
On Feb. 28, Sidlyd SSA Investors LLC of Jacksonville sold the property for $3.075 million to Jacksonville-Southside Covenant Group LLC of Henderson, Nevada.
Sunwest Bank of Irvine, California, issued a $2 million mortgage.
The Jacksonville LLC is led by Pacific Dental Services founder, President and CEO Stephen Thorne IV and Nevada RE Manager LLC, which is led by the Thorne Living Trust.
Thorne is the founder and CEO of PDS Health.
The two previously permitted sites are:
• Arlington/Regency. The city issued a permit April 30 for build-out at 9406 Atlantic Blvd., next to Starbucks Coffee Co. in Regency Park Shopping Center. PDS Health is in Suite 1 next to Starbucks in Suite 2. New York City-based Brixmor Property Group is the landlord. The building is east of Southside Boulevard.
• East Arlington. The city issued a permit May 21 for renovation of the closed Bank of America branch at 2709 Monument Road in the Cobblestone Crossing shopping center area at northwest Monument and McCormick roads.
Jacksonville Covenant Group LLC bought the property Nov. 20, 2024, from Bank of America. It paid $1.525 million for the building and five-teller-lane drive-thru that was built in 1987. SouthState Bank of St. Augustine issued a $1.4 million mortgage.
PDS Health and Covenant
Pacific Dental Services, which started in 1994, provides dental and medical support services. It announced in April 2024 that it was transforming into PDS Health.
At the time, PDS Health said it supported more than 4,600 clinicians in nearly 1,000 practices across 24 states.
It has 79 locations in Florida, the closest being Port Orange Modern Dentistry. The locations primarily are in Central Florida.
PDS doesn’t put its name on dental offices. It partners with dentists who operate the practice.
The practices operate under their own names, while PDS provides billing, payroll, marketing, insurance and other services.
It says it offers dentists and dental specialists the chance to own practices after gaining experience in a PDS-supported environment.
Covenant Real Estate Group Head of Real Estate Chris Aguon said March 14 that PDS Health will lease the two Jacksonville properties the Nevada-based company bought in Jacksonville.
And there may be more.
“Covenant is buying them as investments and it does plan to buy more in Jacksonville, as well as in many other parts of the U.S.,” Aguon said in an email responding to questions about Covenant’s strategy.
“Typically, Covenant holds the properties long-term,” Aguon said.