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| Steven Heldenfels |
DALLAS, TX – HFF announced today that it has arranged
construction financing for the development of Victory Medical Center, a
104,971-square-foot, surgical hospital in Fort Worth, Texas.
HFF worked on behalf of the borrower, a joint venture
between Harrison Street Real Estate Capital, LLC, Pisula Development Company,
Victory Healthcare and a physician-ownership group, to secure the six and a
half-year construction loan through Comerica Bank.
Victory Medical Center is located just south of downtown
Fort Worth at the northwest corner of Pennsylvania Avenue and South Main Street
proximate to Interstate 30, Interstate 35 and the regional commuter rail.
The 6.35-acre site is also situated immediately east of Fort
Worth’s medical district. Due for
completion in 2015, the facility will be 100 percent occupied by an affiliate
of Victory Healthcare.
The three-story hospital will consist of eight operating
rooms, four special procedure rooms, seven state-of-the-art intensive care
rooms and 24 inpatient beds.
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| Jeremy Sain |
The HFF team representing the borrower was led by associate
director Jeremy Sain and managing director Steven Heldenfels.
Harrison Street Real Estate Capital was founded in 2005 and
has approximately $5.8 billion in assets under management. The firm currently owns approximately $5
billion in real estate assets including more than 30,000 student housing beds,
more than 6,800 senior housing/assisted living units, more than 3.6 million
square feet of medical office space, and more than 36,000 self-storage units.
Pisula Development Company, LLC, the development division of
RRC Medical Real Estate, LLC (“RRC”), has become an expert at providing the
most appropriate and qualified team for each development project by creating
real estate solutions that enhance the value of our properties and assuring
they are functionally and economically viable over the long term. RRC is a full-service, commercial real
estate firm located in The Woodlands, a suburb north of Houston, Texas.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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