A growing Dallas-based investor, Big Sky Medical, has purchased a Richardson medical building on Bush Turnpike.
The Richardson Medical Center is on Bush Turnpike south of Renner Road. Built in 1998 and renovated in 2017, the property is adjacent toPillar Commercial sold the 118,472-square-foot medical 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.
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.Big Sky Medical last month closed a $392 million investment fund. It has invested in 37 health care assets with more than 2 million square feet in 15 states.
“Big Sky’s strategy to acquire high-quality health care real estate assets is ideally positioned amid turbulent market conditions,” Big Sky’s Harrison Horowitz said in a statement.“We are equally confident Big Sky Medical will be effective in continuing this strategic medical office building conversion,” Pillar Commercial CEO Manny Ybarra said.
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