Done Deals: JLL Capital Markets brokers sale of the 82,238 SF Methodist Southlake Medical Office Building in Southlake, TX

Thursday, June 22, 2023

JLL Capital Markets brokers sale of the 82,238 SF Methodist Southlake Medical Office Building in Southlake, TX

Methodist Southlake Medical Office Building,
Southlake, TX

DALLAS, TX, June 22, 2023 – JLL Capital Markets announced today it arranged the sale of the Methodist Southlake Medical Office Building, a Class A, on-campus medical office property totaling 82,238 square feet in Southlake, Texas, one of Dallas-Fort Worth’s most affluent suburbs.

The price was not disclosed.

Brian Bacharach

JLL represented the seller, Southlake Texas Medical Building I, LP, a partnership managed by LandPlan Development, and also procured the buyer, a partnership of Virtus Real Estate Capital and Lincoln Property Company.

The Methodist Southlake Medical Office Building is located on campus and attached to Methodist Southlake Medical Center.

The property is ideally positioned along State Highway 114, providing exceptional visibility and access from one of the area’s most heavily traveled thoroughfares.

The building’s optimal location offers connectivity with many of the region’s most affluent communities and convenience to local amenities, including the renowned Southlake Town Square and it’s 1.4 million square feet of retail, restaurant, residential, office, hospitality and municipal space.