Real Points

Daily Reports on Commercial Real Estate


Forest Park Pavilion Sells for $27 Million

Category:
Author:
By
Post date:
January 28th, 2013 1:45pm

Forest Park Pavilion

Arizona-based Healthcare Trusts of America has purchased Forest Park Pavilion, a 70,000-square-foot medical office building, from the Neal Richards Group and SRP Medical Investments. The sales price was $27 million.

The property is one of five buildings that make up the Forest Park Medical Center Dallas campus, which was built in 2010. Located on North Central Expressway, in includes  two medical office buildings, a general acute care hospital containing 84 inpatient beds, 22 ORs, and a parking garage.

Neal Richards Group and SRP are currently working with an undisclosed buyer for the remaining buildings at the site.

For additional details on the campus, see this D CEO profile of Neal Richards Group.



Leave a Comment

* required fields

Welcome to D Real Estate Daily, a news site brought to you by D Magazine Partners



Sectors


Submarkets



  • Echo Global Logistics has leased 8,069 square feet of office space in Advancial Tower at 1845 Woodall Rogers Fwy. in Dallas. More »
  • Trace Resources has leased 9,680 square feet of office space at 1300 S University Dr. in Fort Worth. More »
  • ALM Media has leased 4,961 square feet of office space in Harwood Center at 1999 Bryan St. in Dallas. More »
  • Malouf Lynch Jackson & Swinson has leased 6,446 square feet of office space in Four Forest Plaza at 12222 Merit Dr. in Dallas. More »
  • Tenaska Inc. has leased 32,102 square feet of office space in the Offices at Brookhollow at 1701 E. Lamar Blvd. in Arlington. More »
  • G Wear LLC has leased 11,407 square feet of retail space in the Cascades at The Colony at 5909 Stone Creek Drive in The Colony. More »


Supporting Partners