PLANO, TX-An investment group from Dallas has struck a sale-leaseback agreement for a medical office building on the Medical Center of Plano campus. A comparable piece of specialty real estate would bring $120 per sf to $130 per sf on the open market.

BRRS Associates LP of Plano has sold a 10,659-sf office building on nearly one acre at 3709 W. 15th St. to GRSL LLC, a partnership led by Henry S. Miller Commercial executives Sam Kartalis and Greg Trout. The Dallas-based brokerage house’s Matt Anding was marketing the deal without an ask on behalf of the North Texas Obstetrics & Gynecology Association, comprised of two doctors who’ve had their offices and medical lab in the building for several years. Collin County has the 19-year-old office building assessed at $1.5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.