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The roughly 1,000,000-square-foot, 22-building campus was sold by Crescent Real Estate. About 15% of Flatiron Park is home to life sciences tenants and part of BioMed’s investment will be upgrading buildings to bring that percentage closer to 50%. As the local portfolio grows, the company which also has a development arm, may consider adding administrative and support offices in Colorado.
A new breed of investors are seeing big opportunities in buying up single-tenant properties with a focus on buying medical office buildings and leasing them back to physicians, which have a lower risk of vacancy than restaurants or retail stores.
So-called “medtail” is a growing trend in North Texas, in part due to hospital systems and real estate brokers both transitioning new developments away from large community hospitals and stand-alone healthcare buildings and into pared-down medical centers and retail.
MedSpace USA is a national healthcare real estate development firm based in Florida offering a full range of development services.
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