JLL Capital Markets brokers sale of fully leased, 18-property medical office portfolio in Texas and Kansas

Mindy Berman 

 

 DALLAS, TX, Mar. 30, 2022 – JLL Capital Markets has closed the sale of an 18-property medical office portfolio totaling 762,780 square feet in Texas and Kansas.

The properties are directly aligned with partnerships between Ardent Health Services, a leading healthcare provider, and two market-leading academic health systems, The University of Texas Health Science Center at Tyler and The University of Kansas Health System.

 Brian Bacharach

JLL marketed the properties on behalf of the seller, Ardent Health Services. The portfolio was acquired by a healthcare-focused real estate investment trust.

 The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Brian Bacharach and Mindy Berman and Vice President Vasili Davos.

Vasili Davos

 The medical office portfolio consists of:

·         Continental Medical Building, 631 SW Horne St., Topeka, Kansas

·         Mulvane Medical Plaza, 634 SW Mulvane St., Topeka, Kansas

·         UT Health East Texas Hope Center, 721 Clinic Dr., Tyler, Texas

·         Olympic Plaza Tower, 700 Olympic Plaza, Tyler, Texas

·         UT Health Rehabilitation Center, 701 Olympic Plaza, Tyler, Texas

·         East Lake Professional Building, 1100 E. Lake, Tyler, Texas

·         Lake Palestine, 18118 FM 344 W, Flint, Texas

·         Medical Plaza I, 117 Medical Circle, Athens, Texas

·         Medical Plaza II, 115 Medical Circle, Athens, Texas

·         Athens Cancer Institute, 1801 S. Palestine, Athens, Texas

·         Lakeland Medical Associates, 170 Municipal Dr., Gun Barrell City, Texas

·         UT Health Cedar Creek Lake, 100 Municipal Dr., Gun Barrell City, Texas

                             Medical office portfolio

·         Jacksonville Medical Plaza, 203 Nacogdoches, Jacksonville, Texas

·         UT Health East Texas Rehabilitation Clinic – Jacksonville, 414 S. Main St., Jacksonville, Texas

·         UT Health East Texas Physicians Rusk, 1325 N. Dickinson Dr., Rusk, Texas

·         UT Health East Texas Rehabilitation Clinic – Mineola, 1616 N. Pacific St., Mineola, Texas

·         UT Health East Texas Olympic Center Pittsburg, 2801 US Hwy 271 N, Pittsburg, Texas

 Contacts: 

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com