JPS Health Network has lined up CBRE to market a 5.6-acre mixed-use development the organization will break ground on in 2019.
CBRE says in a news release that the site is being offered via long-term ground lease. Potential projects are valued north of $100 million.
The development will sit on a parking lot currently used by JPS patients and employees. Developing the desirable space, which affronts Magnolia and Main Streets, allows JPS to add a long-term revenue stream.
“We are pleased to offer a world-class development opportunity next to our main Fort Worth campus,” said Robert Earley, President and CEO of JPS, in a statement. “The project will allow us to be innovative in using a highly desired location to create a new, long-term revenue stream for JPS to support our mission.”
