HFF closes sale of best-in-class medical office facility near Dallas’ Medical City Dallas Hospital
SAN DIEGO, CA – December 8, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Coit Medical Center, a 32,201-square-foot medical office building in Dallas, Texas.
HFF marketed the property on behalf of the seller, Mohr Capital, LLC, and procured the buyer, Anchor Health Properties.
Completed in 2009, Coit Medical Center is a two-story, fully-leased facility that is anchored by Baylor Scott & White Health. Additional tenants include Greater Dallas Orthopaedics, Legacy Heart Care, Texas Orthopaedic Surgical Associates and Lester Plastic Surgery. The property is located at 12230 Coit Road at the convergence of Lyndon B. Johnson Freeway (I-635) and North Central Expressway (U.S. 75), just off the campus of the Medical City Dallas Hospital. This positions the asset within three miles of more than 1,800 hospital beds at Medical City Dallas Hospital, Medical City Children’s Hospital and Texas Health Presbyterian Hospital Dallas.
The HFF investment sales team representing the seller was led by managing directors Evan Kovac, Todd Savage and Philip Mahler and director Ben Appel.
About Mohr Capital, LLC
Mohr Capital is a 17 year old privately held Dallas-based real estate investment firm focused on value-add and opportunistic acquisitions in the office, industrial and healthcare sectors. In addition to acquisitions, Mohr Capital executes build-to-suit and speculative development opportunities in the same asset classes. While single tenant net leased assets are preferred, Mohr Capital will also evaluate multi-tenant properties anchored by credit tenants. Mohr Capital’s competitive advantage comes from its deployment of internal funds, linear decision making, experience and creative deal structures. mohrcap.com
About Anchor Health Properties
Anchor Health Properties is a firm that for more than 30 years has been devoted exclusively to the development of medical facilities. Today, the company offers a full-service platform in all facets of healthcare real estate, from ground-up development, management, leasing and funding to acquisition and disposition. anchorhealthproperties.com
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.