Healthcare Realty Trust acquires Plano Medical Pavilion

November 13, 2019 – JLL announced today that it has closed the sale of Plano Medical Pavilion, a 48,192-square-foot, newly constructed, on-campus medical office building in Plano, Texas. JLL...
Plano Medical Pavillion

November 13, 2019 – JLL announced today that it has closed the sale of Plano Medical Pavilion, a 48,192-square-foot, newly constructed, on-campus medical office building in Plano, Texas.

JLL marketed the property on behalf of the seller, Heady Investments and Gulf Corporation, and procured the buyer, Healthcare Realty Trust.

Plano Medical Pavilion is located at 4825 Alliance Boulevard on the campus of the Baylor Scott & White Medical Center – Plano, which houses three healthcare facilities: Baylor Scott & White Heart Hospital Plano, Baylor Scoliosis Center and Baylor Scott & White Medical Center, which together total 332 beds. The property has unmatched local and regional connectivity being positioned at the convergence of Preston Road, President George Bush Turnpike and Plano Parkway. Additionally, Plano Medical Pavilion benefits from its location in Plano, which is the ninth largest city in Texas with a population exceeding 299,000, and part of the rapidly growing DFW Metroplex. The property is anchored by Baylor Scott & White affiliates.

The JLL Capital Markets team representing the seller includes Evan Kovac, Andrew Milne, Ben Appel, Brian Bacharach and Matt DiCesare. John Chun from JLL advised from a debt and structured finance perspective.

According to JLL, the property represents an extremely rare, core, on-campus, newly constructed outpatient medical office facility aligned with one of the top health systems in the United States.

Categories
AcquisitionCommercialDallasDealsFort WorthHealthcareNationalSouth

RELATED ARTICLES