Memorial Hermann Sports Park, located in Katy, Texas, a western suburb of Houston and Texas Health Resources Sports Park, located in Allen, Texas, a suburb of Dallas were just sold to LaSalle Investment Management. The properties attracted significant investor interest, as they represent a unique way for health systems to treat patients from initial injury through full recovery, all while keeping them on their respective campus.
Although REX Real Estate said the site will become a hospital or health campus, representatives for Texas Health Resources said plans for the land have not been solidified yet.
Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a medical office property in the Dallas-Fort Worth Metroplex.
The new, 12,144 square-foot building, tenanted by Willow Park Endoscopy Center and Clinic, is located in Willow Park, a growing community on the west side of Fort Worth.
“We are delighted to acquire yet another brand-new medical office asset in the DFW Metroplex, adding to the number of properties in the Metroplex that are part of our portfolio,” said Bryan Brown, Senior Vice President of Acquisitions at Montecito Medical.
Kyle A. Libby of MedCore Partners represented the seller in the transaction.
Willow Park Endoscopy Center and Clinic is a joint venture between GI Alliance, SCA Health, and Texas Health Resources.
GI Alliance is the largest, physician-led gastroenterologist group in the United States. Texas Health Resources is one of the largest faith-based, nonprofit health systems in the United States and the largest in North Texas in terms of inpatients and outpatients served. SCA Health is a specialty care company providing a wide range of care to patients in centers nationwide.
In the past two years, Montecito has acquired more than 15 medical office properties across the Dallas-Fort Worth Metroplex.
“We are thrilled for the opportunity to build on the relationships we have established with GI Alliance and Texas Health Resources as we actively expand our large and growing footprint across the DFW area,” said Chip Conk, CEO of Montecito Medical.
Source: HREI
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