A growing Dallas-based investor has snapped up a Richardson medical building.
The Richardson Medical Center is on the Bush Turnpike south of Renner Road. Built in 1998 and renovated in 2017, the property is adjacent to Methodist Richardson Medical Center.
Pillar Commercial sold the 118,472-square-foot office building to Big Sky Medical, a company formed in 2020 to invest in health care and life science real estate. Commercial property firm Newmark Group brokered the sale.
Newmark’s Chris Murphy said the building is “positioned to capture the growing demand for medical office space in the market given its strategic location next door to Methodist hospital.”
Methodist Richardson Medical Center includes a 334-bed hospital, a physician office building, an emergency room and a cancer center.
The just-sold building is being converted for medical uses. Newmark’s Murphy, Robert Hill, Gary Carr, John Nero, Ben Appel, Jay Miele and Michael Greeley handled the sale.
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