24 Jul Just Closed: North Garland Medical Center
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the 91,000-square-foot North Garland Medical Center in Garland, TX, a northeast suburb of Dallas. The Class A medical office building, built in 2018, is 97 percent occupied with the majority of the space leased to Baylor Scott & White Health, the largest not-for-profit healthcare system in Texas and one of the largest in the United States. The off-campus, three-story facility sits on a 6.6-acre site and features imaging, urgent care, infusion, cardiology, and several other specialties. The seller was New Era Companies, LLC, a vertically integrated commercial real estate development and capital investment company based in Grapevine, Texas.
Justin Hill and Brian Bacharach of the JLL Healthcare Capital Markets Group served as exclusive advisors to the seller
JLL Healthcare Capital Markets
JLL Healthcare Capital Markets is the only national full-service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients.