Healthcare Realty Trust has purchased the Plano Medical Pavilion, a 48,192 square-foot medical office building on the campus of the Baylor Scott & White Medical Center – Plano.
The newly constructed building was sold by Heady Investments and Gulf Corporation, and the deal was brokered by JLL. Healthcare Realty is a Nashville-based publicly-traded Real Estate Investment Trust that owns, manages, acquires and develops medical real estate across the country.
The office building will share the campus with Baylor Scott & White Heart Hospital Plano, Baylor Scoliosis Center and Baylor Scott & White Medical Center, which include 332 beds in total. “The property represents an extremely rare, core, on-campus, newly constructed outpatient medical office facility aligned with one of the top health systems in the United States,” JLL’s release says.
JLL’s Evan Kovac, Andrew Milne, Ben Appel, Brian Bacharach, Matt DiCesare, and John Chun all contributed to the deal.