Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MURPHY, TX-A pediatrician and cardiologist have joined forces to bring medical services to the area, with plans to build the Murphy Medical Center on about two acres. Deepika Minnal and Ramarao Linkipalli will initially build a 5,000-6,000-square-foot medical office building, with future plans possibly involving three-to-four other buildings measuring between 5,000 square feet and 10,000 square feet.

“There has been a flood of commercial activity up and down (Farm-to-Market Road) 544. But Murphy’s underserved when it comes to medical professional buildings,” says Henry S. Miller Brokerage LLC vice president Matt Anding. Anding brokered the transaction for the land at 615 FM 544 between the physicians and local seller Andy Bugh, represented by Doug Carignan senior vice president of Jones Lang LaSalle Inc.’s Dallas office.

“In most cities, there are medical condos or professional buildings, but nothing’s like that in Murphy or Wylie, either. There’s a definite need,” says Anding, who also operates from Dallas. He tells GlobeSt.com the site acquired by Minnal and Lankipalli was once zoned for residential use and even had a house on it. But the explosion of recent commercial development recently in suburb about 15 miles northeast of Dallas changed things.

“We put the land under contract and went through the rezoning process with the city, which took several months,” Anding says. “Once we got it rezoned to office and retail, we closed on it.” Land in that area of the Dallas area can trade for between $8 per square foot and $12 per square foot.

He says the construction timeline and costs have yet to be set, as does the end product use, though the doctors are anxious to get construction underway as quickly as possible. The doctors are talking with developers now, and the other buildings developed on the site could be office buildings or even have some kind of retail component, Anding explains.

He goes on to say the doctors selected a good time to buy and develop in the area. “There’s been a ton of activity as far as commercial property there,” he comments. “There’s a new Sprouts not too far from where they are, in the Murphy Marketplace.”

The growth northeast from Dallas, Anding continues, shouldn’t be too much of a surprise. For one thing, FM 544 links Murphy and Wylie to other high-growth Dallas suburbs further west, such as Plano and Lewisville, In addition, “things have grown so far north of Dallas, at some point, you had to start going east,” he adds. “That’s why Wylie and Murphy have exploded so quickly.”

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?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.