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| Ron Hebert |
DALLAS, TX, May 7,
2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
announced the sale of Northpoint Medical
Arts, a 116,875-square-foot multi-tenant medical office building in Dallas.
The terms of the sale were not released.
Ron Hebert, vice president investments
in Marcus & Millichap’s Dallas office, represented the seller, Q Northpoint
LP. The buyer, Gregory Interests LLC, was represented and procured by Trinity
Interests, a Dallas-based commercial property management firm.
“This medical office real estate investment asset serves the
growing North Dallas patient base and provides the surrounding physician
communities with a conveniently located medical office option,” says Hebert.
The
facility is located at 12606 Greenville Ave. in Dallas at Interstate 635 and
Greenville Avenue near Central Expressway within a five-mile radius of four
major hospitals: Texas Health Resources’ Presbyterian Dallas, Baylor Garland,
Medical City of Dallas and Baylor Dallas.
The two-story Northpoint Medical Arts building was built on
approximately five acres in 1979. Tenants include Concorde Career College,
Northpoint Pediatrics, Preston Village Pharmacy, ROSA of North Dallas LLC,
Texas Health Recourses, University of Texas Southwest Medical Center and Vivere
Health Dallas LLC.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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