November 20, 2019
Developer Heady Investments and partner Gulf Corp. closed on the sale of Plano Medical Pavilion, a 48,192-square-foot, on-campus medical building in Plano, TX. Healthcare Realty Trust acquired the facility at 4825 Alliance Blvd. The building, which is anchored by United Surgical Partners International, is on the campus of Baylor Scott & White Medical Center.
Evan Kovac, Andrew Milne, Ben Appel, Brian Bacharach and Matt DiCesare with JLL represented the seller. John Chun from JLL advised from a debt and structured finance perspective.
Randy Heady with Heady Investments told the Dallas Morning News that the property, which delivered in 2018, attracted “many buyers diligently pursuing the acquisition of this asset.” The JLL press release announcing the news indicated this was likely because “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.”
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