Baylor Scott & White Plano Pavilion I
Healthcare Realty Belief has appointed MedCore Companions to lease 5 medical workplace buildings in metro Dallas. The portfolio encompasses greater than 550,000 sq. ft.
MedCore’s Companion Kyle Libby, Director Michael Collins, alongside Senior Affiliate Thomas Byers will oversee leasing on behalf of the possession.
The portfolio consists of the next properties:
- Baylor Scott & White Plano Pavilion I, a 174,316-square-foot Class A constructing, at 4708 Alliance Blvd. in Plano, Texas. The seven-story property was accomplished in 2005.
- Baylor Scott & White Plano Pavilion II, a 140,255-square-foot Class A property situated at 4716 Alliance Blvd. in Plano. The seven-story property was accomplished in 2009 and presents 20,000-square-foot floorplates.
- Plano Medical Pavilion, an 86,878-square-foot Class B asset, at 3801 W. fifteenth St., in Plano. The three-story property was initially accomplished in 1982 and 1984, however underwent beauty renovation in 2001, CommercialEdge knowledge reveals.
- Independence Medical Village, a 71,711-square foot Class A constructing, at 8080 Independence Parkway in Plano. The 2-story property was accomplished in 2014 and presents 35,500-square-foot floorplates.
- Carrollton LTAC, a second-generation, long-term acute care heart, situated close to the Dallas N. Tollway and Parker Highway in Carrollton, Texas.
The amenities supply a wide range of health-care companies, together with surgical procedure, urology, oncology, ophthalmology, orthopedics and dermatology, amongst others, by way of a various tenant roster. Kyle Libby talked about in ready remarks that the aim is to extend occupancy by specializing in providing a greater variety of health-care companies offered by every medical workplace constructing.
Healthcare Realty’s 2022
As of September 2022, Healthcare Realty invested in 728 actual property properties, unfold throughout 35 states, totaling roughly 44.6 million sq. ft. The corporate’s largest asset focus is in Dallas, representing 9.6 p.c of its whole medical workplace portfolio, adopted by Houston, Los Angeles and Atlanta.
In July, it was introduced, as a part of its imminent merger with Healthcare Belief of America Inc., that Healthcare Realty Belief was beneath contract with 5 counterparties to promote or three way partnership quite a few 27 properties, totaling $807 million. The corporate was additionally planning to promote 10 extra different properties beneath letter-of-intent for $295 million, so as to have the ability to fund the $1.1 billion dividend as a part of the merger deal.
