McKesson Looks To Offload Full Building At Global HQ In Las Colinas

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McKesson Corp. has placed an entire building at its owner-occupied global headquarters in Las Colinas on the leasing market, adding to the thousands of square feet of office space available in Dallas-Fort Worth.

Brokers at CBRE have been tapped to fill the 271K SF space at 6535 N. State Highway 161. The pharmaceutical and medical supplies company relocated from the San Francisco Bay Area to the two-building campus in Irving in 2019.

The pandemic brought changes to the firm’s real estate needs, and in 2021 it announced it would save $60M to $80M per year by allowing more employees to work from home.

CoverMyMeds, a subsidiary of McKesson, added 52K SF of its 420K SF campus in Columbus, Ohio, to the sublease market earlier this summer. The company also said it would close its office in Scottsdale, Arizona, in April of this year.

“Companies across sectors are looking to shed office space, but healthcare-related firms have made up a big piece of the pie as of late,” said Steve Triolet, senior vice president of research and market forecasting for Partners Real Estate.

Reata Pharmaceuticals is also trying to offload space, having put its new 327K SF headquarters in Plano on the sublease market for the second time in November. AmerisourceBergen has listed its 300K SF building in Carrollton.

“Tenants in the same industry often mimic each other in their real estate decisions,” Triolet said in an email. “In this case, all of them are trying to shed a significant amount of office space in the DFW market.”

Close to 30% of Dallas’ office space was available for lease in the third quarter of 2023, CBRE data shows. Sublease availability of 10.6M SF makes up a large chunk. The McKesson listing isn’t a sublease since the firm owns the building.

McKesson plans to consolidate operations into the larger building on-site and has filed plans with the state for more than $20M in renovations to its cafe, meeting spaces, conference center and lobby, according to The Dallas Morning News.

 

Source: Bisnow

Big Sky Medical Gets Rezoning Approval For Dallas MOB

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Big Sky Medical has received the approval from the Dallas City Council for the rezoning of the roughly 145,000-square-foot Pyramids South Tower, which can now include medical tenants within the property.

The adjacent Pyramids North Tower was rezoned to medical use in 2005 and is currently occupied by Baylor Scott & White and Dallas Plastic Surgery Institute.

Big Sky Medical acquired the two-building property near dowtown Dallas last year in October for an estimated $55 million from Healthcare Realty. The asset was described at that time as the largest medical office property to change hands in the U.S. since 2018. The purchase was made through Big Sky’s partnership with Bahrain-based GFH Financial Group.

The Pyramid Towers encompass a total of nearly 300,000 square feet and are set to become one of the largest medical complexes in North Texas. Pyramids South Tower is a six-story Class A building which was completed in 1998 and features three passenger elevators, controlled access and offers 730 car parking spaces. Managing Director Russ Johnson and Senior Vice President Chris Wright with JLL will handle the leasing services at the property.

Located at 9101 N. Central Expressway, Pyramid Towers are less than 10 miles from downtown Dallas. medical facilities in the surrounding area include Texas Health Presbyterian Hospital Dallas, SMU Health Center and First Baptist Medical Center, among others.

Big Sky Medical recently made another purchase in the Dallas-Fort Worth market. The company acquired Richardson Medical Center I, a 118,472-square-foot medical office building in Richardson. The property’s repurposing to medical office use began this year.

 

Source: CPE

Medical Center Of The Rockies In Loveland, Colorado, Launches $280M Expansion

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UCHealth officially broke ground on a major expansion project at Medical Center of the Rockies that is designed to help meet the growing health care needs of Northern Colorado.

A new tower is part of the expansion plan at Medical Center of the Rockies in Loveland. (PHOTO CREDIT:: UCHealth)

The project includes a new tower that will be built on the north side of the hospital, the creation of a cancer center, an expanded emergency department and additional imaging and cardiac spaces.

When complete, the project will increase the hospital’s bed capacity from 191 to 287 with room to grow up to 323 beds. Staffing will grow as well; UCHealth expects to hire more than 250 employees before the expansion opens.

“Northern Colorado has grown significantly since 2007, when MCR first opened its doors in Centerra,” said Kevin Unger, president and chief executive officer of the hospital. “We have proudly served our growing community here, and we are now thrilled to expand our facility and capacity to continue to meet the needs of our patients today and into the future.”

The cancer center is expected to begin seeing patients next year, and the new tower is expected to open in 2026.

The $280 million project will include:

  • A five-story tower that will house a surgical intensive care unit, a progressive care unit and a trauma surgical unit. The tower will also house a radiation oncology department that will feature high-dose radiation therapy, which patients currently travel to metro Denver to receive, and a linear accelerator.
  • The cancer center will feature a new gynecological oncology clinic, a medical oncology clinic and an infusion center.
  • The emergency department will expand to include 22 new patient-care rooms and a new entrance.
  • A new cardiac catheterization lab, a cardiac device lab, a structural heart lab and a vascular lab will be added to the south side of the existing hospital building.
  • Imaging will be expanded with additional CT, ultrasound and MRI services and an interventional radiology suite on the east side of the existing hospital building.
  • Parking will be expanded for patients and staff.

The expansion is part of the original plans for the campus to accommodate service growth over time. The new tower will be connected directly to the existing facility and carry forward its Northern Colorado design character.

Haselden Construction is the general contractor on the project and is supported by The S/L/A/M Collaborative, the architect; BHA Design Inc, the landscape architect; RMH Group, the mechanical, electrical and plumbing team; Olsson, the civil engineer; S.A. Miro, the structural engineer; and Gallun Snow, the interior designer.

 

Source: BizWest