Flagship Healthcare Properties Acquires Medical Outpatient Building And Ambulatory Surgery Center In Grapevine, Texas

Flagship Healthcare Properties, a leader in outpatient healthcare real estate, is proud to announce the acquisition of a 100% leased Class A medical outpatient building and ambulatory surgery center in Grapevine, Texas.

The property is now home to joint venture between Key Whitman Eye Center and Surgery Partners.

The 17,724-square-foot property, located at 2201 Westgate Plaza, was constructed in 2010 and features clinical office space along with a surgery center that includes eight exam rooms and two operating rooms. Conveniently situated along State Highway 114, the property is just one mile from the 302-bed Baylor Scott & White Medical Center in Grapevine, two miles from the 17-bed Texas Health Harris Methodist Hospital in Southlake, and four miles from the 54-bed Methodist Southlake Medical Center.

Grapevine is part of the Dallas-Fort Worth metropolitan area, which is expected to be the fifth fastest-growing large metro area in the U.S. by 2028.

“We are thrilled to acquire this top-tier asset in a rapidly expanding market, supported by trusted healthcare providers and a long-term partnership with a national ASC operator,” said Blake Bratcher, Flagship’s Executive Vice President of Ambulatory Surgery Centers. “Ambulatory surgery centers are at the forefront of healthcare delivery transformation, and we are committed to seizing new opportunities that align with physicians and surgery center operators to optimize their real estate for better operational success.”

Flagship will oversee property and asset management services for the building.

Source: HREI