methodist southlake medical office building trades

DALLAS, June 22, 2023 – JLL Capital Markets announced today that it arranged the sale of the Methodist Southlake Medical Office Building, a Class A, on-campus medical office property totaling 82,238 square feet in Southlake, Texas, one of Dallas-Fort Worth’s most affluent suburbs.

JLL represented the seller, Southlake Texas Medical Building I, LP, a partnership managed by LandPlan Development, and also procured the buyer, a partnership of Virtus Real Estate Capital and Lincoln Property Company.

The Methodist Southlake Medical Office Building is located on campus and attached to Methodist Southlake Medical Center. The property is ideally positioned along State Highway 114, providing exceptional visibility and access from one of the area’s most heavily traveled thoroughfares. The building’s optimal location offers connectivity with many of the region’s most affluent communities and convenience to local amenities, including the renowned Southlake Town Square and it’s 1.4 million square feet of retail, restaurant, residential, office, hospitality and municipal space.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Brian Bacharach and Director Vasili Davos.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

LandPlan Development Corp. is a premier real estate developer with luxury land developments in North Texas and Northwest Arkansas. They develop sustainable properties with a commitment to quality construction and utilizing top standards in architecture while creating projects with lasting value. Considered a leading developer in North Texas, LandPlan started in Frisco in 1997 and quickly began expanding to other nearby suburbs of Dallas, Texas. Developing projects with integrity and a commitment to community, LandPlan understands the nuances and fine details that distinguish excellent from ordinary. Visit landplan.net for more information.

Virtus is a vertically integrated hybrid allocator-operator real estate manager exclusively focused on built space investments in cycle-resilient sectors, including healthcare, education, storage, and middle-income workforce housing. Founded in 2003, Virtus has executed core, core-plus, value-add, and opportunistic strategies totalling approximately $5.8 billion in property investments on behalf of institutional investors, family offices, and financial institutions. Virtus is privately held and is headquartered in Austin, Texas. For more information, visit www.virtusre.com.

Lincoln Property Company was founded in 1965 as a developer and manager of high-quality residential communities. Over the next few years, we expanded our line of products and services to include commercial real estate. Our international reputation for successful management of our own properties quickly attracted a large client base of owners and investors who recognized the value that we could provide in development, property management, brokerage, investing, advisory, construction management, engineering and all real estate consulting services. Today, Lincoln Property Company is one of the most respected and diversified service firms in the United States, employing thousands of experienced, dedicated people who serve a growing client base that reaches coast-to-coast, as well as into Mexico and Europe. Visit lpc.com for more information.