Tuesday, August 15, 2017

HFF announces sale of Three-property medical office portfolio in Dallas-Fort Worth and Austin, TX

Part of IRA Capital's Medical Office Portfolio in Dallas-Fort Worth and Austin, TX Areas

Evan Kovac
 SAN DIEGO, CA – Aug. 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a three-property, Class A medical office portfolio totaling 137,686 square feet in Dallas-Fort Worth and Austin, Texas.

The HFF team marketed the property on behalf of the seller, IRA Capital, LLC, and procured the buyer, a publicly traded healthcare REIT.

The portfolio comprises The Center for Cancer & Blood Disorders and Baylor Health Center at Magnolia Greens in Dallas-Fort Worth and Cedar Park Medical Center in Austin. 

The fully leased buildings boast a mix of best-in-class local, regional and national tenants backed by major health systems and top-rated healthcare providers such as Baylor Scott & White Health, Surgical Care Affiliates and The Center for Cancer & Blood Disorders. 

Services offered within the portfolio include cancer treatment, radiation oncology, medical oncology, cyberknife, orthopedic surgery, gastrointestinal endoscopy procedures, pain and spine treatments, primary care and family medicine.

The HFF investment sales team included managing director Evan Kovac, director Andrew Milne and senior associate Trent Jemmett along with managing director Todd Savage and senior director Kelsey Roop as the local advisors. 

Andrew Milne
Efforts were supported by HFF’s national medical office building team comprising managing director Phil Mahler, senior director Ben Appel, director Anthony Frogameni and analyst Wesley Hightower.  Senior managing director Kevin MacKenzie and senior director John Chun also supported the process with debt and equity placement guidance.

“The portfolio represented the rare opportunity to acquire institutional-quality core medical office buildings leased long-term to several of the most highly respected tenants in the industry,” Kovac said.  “The new owner has the ability to build a long-term relationship with these established tenants as they continue to expand their footprints within two of the nation’s top real estate markets.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | hfflp.com

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