Building was the company’s first medical office acquisition in the DFW market
Privately-owned real estate investment, development and finance company Bolour Associates Inc. (BOLOUR) has sold a Class A medical office building in Dallas, Texas after a 16-month hold period. It was the company’s first medical office acquisition in the DFW market.
The asset totals 7,190 square feet at 12222 Coit Rd. in the North Dallas submarket. It sits immediately off of U.S. Route 75, just south of I-635 and approximately one mile northeast of Medical City Dallas Hospital, an acute care hospital with more than 1,500 providers.
“Dallas Fort Worth offers the kind of population growth and Sun Belt demographics that drive steady demand for well-located, high-quality medical office space,” said BOLOUR CEO Mark Bolour. “This property was an appealing opportunity to enter the Texas medical office market, offering easy accessibility and a prime hospital-adjacent location. We look forward to engaging in more medical office opportunities in DFW and similar U.S. growth markets.”
BOLOUR purchased the Coit Road asset in early 2022. David Zoller and Corbin Tanenbaum of Weitzman Retail Brokers represented BOLOUR in the 2022 acquisition and in the recent property disposition. The property buyer was represented by Justin Utay of NAI Robert Lynn.
BOLOUR is a fully integrated real estate investment, development and finance firm that invests in value-add assets in emerging and transit-oriented neighborhoods. Property types include: urban infill land, retail, industrial, multi-family and mixed-use. As part of its platform, BOLOUR provides individually designed debt solutions with a track record of offering quick closings and designing creative loan structures. The company is currently active in 17 states: California, Arizona, Texas, Oregon, Colorado, Idaho, Utah, Washington, Tennessee, North Carolina, Georgia, Pennsylvania, Massachusetts, Maryland, Virginia, Florida and Illinois, as well as the District of Columbia. Learn more at BolourAssociates.com.