Med Plaza’s Latest Tenant Sparks Momentum
The 10,000-square-foot lease from MedFirst Primary Care has stimulated substantial interest in Hunter Professional Plaza and leasing reps hope to build on the momentum started by MedFirst.
SAN MARCOS, TX—Hunter Professional Plaza is in an active trade area that grew more than 34% from 2010 to 2017 with numerous residential and retail amenities along with access to Interstate 35. Kogut Commercial Real Estate and Mittman Real Estate recently completed construction of the facility consisting of 25,240 square feet of medical office space at 151 Stagecoach Trail.
The development features ample parking for physicians and patients, as well as flexible floorplans with customized build-outs and signage opportunity. The project broke ground in June 2018.
“The encouragement and market foresight of Adrianna Cruz of the Greater San Marcos Partnership helped this project move forward,” said Benjamin Kogut, founder of Kogut Commercial Real Estate. “And, this project would not have occurred without the tremendous team efforts of LK Design Group, CEC Civil Engineering, Deitch Law Firm and Transwestern.”
Transwestern Commercial Services senior vice president Ken Adams, senior associate ‘Licia Shreves and associate John Grubb are providing healthcare leasing services for the project.
“Recognized by Forbes as America’s Next Great Metropolis, San Marcos is a strong market to enter for any winning healthcare or wellness practice,” said Shreves. “We are proud to represent the market’s premier medical office building, which has already attracted one of the leading medical providers in the region.”
The building is 41% leased with BHS Physicians Network recently leasing 10,000 square feet for its MedFirst Primary Care practice. The property has 15,240 square feet of healthcare space available for lease and offers shell or build-out options.
“The 10,000-square-foot lease from MedFirst Primary Care has stimulated substantial interest in the property. Hunter Professional Plaza is the newest class-A medical office space in a quickly growing market,” Shreves tells GlobeSt.com. “This building is well-positioned to capture the industry’s premier healthcare tenants, and we look forward to building on the momentum started by MedFirst.”
The Greater San Marcos region has a population of nearly 250,000 people with a labor shed of 2.4 million within a 60-mile radius of San Marcos, GlobeSt.com learns. The region’s diverse workforce pipeline is anchored by Texas State University, a tier two emerging research university and a designated Hispanic-serving institution offering 97 bachelors, 87 masters and 112 doctoral degrees including a Ph.D. in Materials Science, Engineering and Commercialization.
In addition, the region boasts another 24 colleges and universities located within a 50-mile radius of San Marcos. Other higher education institutions include the University of Texas at Austin, St. Edward’s University, University of Texas-San Antonio and Austin Community College.