New Loans Lined Up For Texas Medical Office Buildings
Owners have just refinanced two recently built medical office buildings: the Sugar Land Physicians Center and the Parc Binz building located in the Museum District.
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Owners have just refinanced two recently built medical office buildings: the Sugar Land Physicians Center and the Parc Binz building located in the Museum District.
The $546M price tag will include the construction of two new towers, as well as the purchase and renovation of a third building. The medical plaza is expected to break ground in the fall of 2021, and completion is slated for June 2023.
As construction costs rise, some hospitals are choosing to repurpose facilities instead of building new ones.
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