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 one and two-story properties with a total of 99,072 square feet are principally located in Tarrant County (Fort Worth) on commercial corridors with high traffic.
With healthcare demand creating added opportunities, investors are clamoring to get in on the action. And HR Acquisition of San Antonio Ltd. did just that with the purchase of Magnolia Medical Tower in Fort Worth for an undisclosed price.