Fort Worth—HFF has arranged construction financing for the development of Victory Medical Center, a 104,971-square-foot, surgical hospital in Fort Worth.
HFF worked on behalf of the borrower, a joint venture between Harrison Street Real Estate Capital, LLC, Pisula Development Company, Victory Healthcare and a physician-ownership group, to secure the six and a half-year construction loan through Comerica Bank.
Victory Medical Center is located just south of downtown Fort Worth at the northwest corner of Pennsylvania Avenue and South Main Street proximate to Interstate 30, Interstate 35 and the regional commuter rail. The 6.35-acre site is also situated immediately east of Fort Worth’s medical district.
Due for completion in 2015, the facility will be 100 percent occupied by an affiliate of Victory Healthcare. The three-story hospital will consist of eight operating rooms, four special procedure rooms, seven state-of-the-art intensive care rooms and 24 inpatient beds.
The HFF team representing the borrower was led by associate director Jeremy Sain and managing director Steven Heldenfels.
HFF declined to comment further on the deal.