December 6, 2016, Rockwall, TX —- MedCore Partners announced today that it has successfully brokered the sale of Rockwall Medical Plaza to an institutional buyer for an undisclosed purchase price. Constructed in 2015, the 20,000 square foot multi-tenant facility is 100% leased and anchored by a state-of-the-art ambulatory surgery center.
Rockwall Medical Plaza sits on 1.89 acres at 3140 Horizon Road in Rockwall, which is at the grand entrance of Texas Health Presbyterian Hospital Rockwall. “Demand for class A, multi-tenanted medical office buildings that are affiliated with leading health systems has intensified dramatically,” says Brian Bollich, Principal of MedCore. “Offerings such as Rockwall Medical Plaza receive strong interest from investors seeking a predictable income stream with minimal risk and landlord responsibilities.”
MedCore Partners provided highly specialized development services throughout the planning and the construction of the project. Upon the delivery of the facility, their leasing team subsequently negotiated multiple long-term leases with notable healthcare providers in the market to bring the building to 100% occupancy thereby greatly increasing the value of the asset. MedCore was then successful in expeditiously marketing and selling the property ensuring maximum profitability for the seller.
