Plano, Texas, Healthcare Facility Looks For A Buyer

Cushman & Wakefield’s US Healthcare Capital Markets team is representing Dallas-based Cawley Partners in the sale of a 101,608-square foot three-story class-A healthcare facility at 5120 Legacy Drive.

The property is currently on the market with offers due later this month. The property was completed in 2016 as a speculative office project. Denver-based Eating Recovery Center/ERC has committed to an 18-year lease on the entire building, which will house both inpatient and outpatient services.

The property is currently undergoing more than $22 million in landlord and tenant improvements that will allow ERC to operate 72 inpatient hospital beds licensed by the Texas Department of State Health. Upon completion, ERC will be the only provider in the state with licensed inpatient hospital beds dedicated exclusively to the treatment of eating disorders.

ERC is planning to move into the building in the first quarter of 2020.The facility will complement ERC’s existing locations in the Dallas/Fort Worth area.

The property sits on 7.25 acres within Legacy Business Park, a 2,600-acre business, retail and residential community along the Dallas North Tollway. The world-class development is a distinctive address for many top corporate firms including JC Penney, Frito-Lay, PepsiCo, JP Morgan Chase and Toyota.

Source: GlobeSt.