Magnolia Medical Tower receivedsubstantial upgrades to all floors and the parking garage.
DALLAS—Builtin 1985, MagnoliaMedical Tower isadjacent to BaylorAll Saints Medical Center. Thislocation offers access to CookChildren's Medical Center, Texas Health Harris Methodist HospitalFort Worth andPlazaMedical Center of Fort Worth, aswell as medical offices in the surrounding downtown medicaldistrict.
Velocis,a private equity real estate manager, purchased the property in2012, and invested $1.5 million in property renovations, withsubstantial upgrades made to all six floors of the building and theparking garage. Renovations included modernizing the building'selevators and upgrading common areas, applying new corridorfinishes, upgraded lobby areas and reconstructing restrooms, aswell as signage, mechanical and lighting updates to improve energyperformance.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
