The four-story, 150,000-square-foot office building will add to the development wave just west of Dallas Love Field with construction beginning early next year.
Not just from an anecdotal point of view, but from one of statistics and data, MOBs have held up very well as an investment and property type since the onset of the COVID-19 pandemic.
Dallas-based Ridgeline Capital Partners purchased the 70,000-square-foot medical office building in a joint venture with Harrison Street, a Chicago-based investor. An ambulatory surgery center will open in the building early next year.
The Pegasus Park office campus is the future landing site for life sciences firm BioLabs’ central U.S. hub. To date, CoStar Group has identified 188 sites in Dallas-Fort Worth dedicated to life sciences tenants, with over 15,000 employees.