The buildings in Dallas, Garland and Grapevine represent morethan one million sf of medical office space. "Sale of these medicaloffice facilities allows us to focus financial and managementresources on Baylor's mission and core business of acute patientcare," Joel Allison, president and CEO for Baylor Health CareSystem says in a press release. Additional details about thetransaction will be forthcoming, but Baylor has inked a 55-yearground lease for the assets.

Talks got underway around the time that the Nashville-basedHealthcare Realty Trust secured the right to build, own and managea $27.5-million office building that Baylor wanted to raise tocomplement a 128-bed, acute-care hospital on its Plano campus. Thebuilding was expected to deliver this summer, with Baylor pencilingan October 2004 completion for the first phase of the 310,000-sfhospital.