Eight-Acre Buy Seeds Medical Campus Plan for Trophy Club

A Cirrus insider says plans are still being fine-tuned, but stay tuned because more details will be available by week's end. For now, the only information comes from Metropolitan Capital Advisors of Dallas, which has arranged a loan of more than $1 million for the land acquisition. The property is located along Texas 114 near the Kirkwood exit. Scott Lynn, Metropolitan principal and director, secured the loan through locally based Park Cities Bank.

Construction is to get under way in mid-July on a 62,400-sf medical office building, the first phase to a campus with a long-range plan for a three day-stay hospital and assisted living facility. The office building will be outfitted with Cirrus' signature offerings for surgery, imaging, rehab and cancer treatment. Cirrus imaging centers include some $3 million to $6 million of the latest medical equipment designed to put the facilities into the top 3% of its peers nationwide.

In February, Cirrus' Jason Dodd, director of real estate services, told GlobeSt.com that a rezoning request was pending in Trophy Club. He also said a project would be forthcoming in Coppell. At the time, Cirrus was breaking ground on a 31,700-sf medical office building, in partnership with E.F. Properties of Dallas, in East Frisco. The $6-million project at 4500 Hillcrest Rd. was 70% pre-leased when work began, a strong indicator that Cirrus is on the right profit-making track with the niche development strategy. Cirrus first medical facility in a non-medical environment was the $10-million Park Cities Medical Plaza, which broke ground in mid-2001. The 40,000-sf project went up in the historic Snider Plaza in Dallas' University Park.