by Brianna Crandall — August 31, 2016 — Commercial real estate developer KDC and CRE services firm Rubicon Representation have just announced a 155,000-square-foot Class A medical office development at Gateway and State Highway (SH) 161 in Las Colinas, Texas. The development is minutes away from Dallas/Fort Worth International Airport and within walking distance of the DART Beltline Station, which offers easy transportation to downtown Dallas.
According to Dr. J. Mark Anderson of Healthcare Associates, the Phase I building anchor:
There is nothing existing in the market to the caliber of this state-of-the-art facility, which is what Healthcare Associates wanted in a new office. We want to provide a unique care environment that hasn’t been done before: A one-stop shop for imaging, pharmacy, dental, vision and sleep therapy.
This approximately 155,000-square-foot Class A medical office building will consist of two phases. Phase I will break ground this fall. It will consist of 95,000 square feet and will be anchored by one of the most prolific primary care groups in North Texas, Healthcare Associates. Phase II will break ground shortly thereafter and will consist of 60,000 square feet. This phase will house an ambulatory surgery center and medical office. The anchor tenant space is currently available.
Bill Guthrey, senior vice president-partner, KDC, commented:
There has not been a medical office project of this scale built in Las Colinas in more than ten years, and KDC is very excited to be involved. In such a convenient and high-profile location, we expect these offices to be highly sought after by medical professionals in the DFW area.
Rubicon Representation assembled the real estate transaction. Phase I is owned by MB and KDC is the developer. Phase II is owned by the physicians invested in the medical office building project.
For more information, visit the KDC Web site.
