Pyramid Towers comprise a complete of 300,000 sq. toes. Picture courtesy of CommercialEdge
Large Sky Medical has acquired the approval from the Dallas Metropolis Council for the rezoning of the roughly 145,000-square-foot Pyramids South Tower, which might now embrace medical tenants inside the property. The adjoining Pyramids North Tower was rezoned to medical use in 2005 and is presently occupied by Baylor Scott & White and Dallas Plastic Surgical procedure Institute.
Large Sky Medical acquired the two-building property close to dowtown Dallas final yr in October for an estimated $55 million from Healthcare Realty. The asset was described at the moment as the biggest medical workplace property to vary fingers within the U.S. since 2018. The acquisition was made via Large Sky’s partnership with Bahrain-based GFH Monetary Group.
The Pyramid Towers embody a complete of almost 300,000 sq. toes and are set to turn into one of many largest medical complexes in North Texas. Pyramids South Tower is a six-story Class A constructing which was accomplished in 1998 and options three passenger elevators, managed entry and presents 730 automobile parking areas. Managing Director Russ Johnson and Senior Vice President Chris Wright with JLL will deal with the leasing companies on the property.
Situated at 9101 N. Central Expressway, Pyramid Towers are lower than 10 miles from downtown Dallas. Medical services within the surrounding space embrace Texas Well being Presbyterian Hospital Dallas, SMU Well being Heart and First Baptist Medical Heart, amongst others.
Large Sky Medical not too long ago made one other buy within the Dallas-Fort Price market. The corporate acquired Richardson Medical Heart I, a 118,472-square-foot medical workplace constructing in Richardson. The property’s repurposing to medical workplace use started this yr.
