[ad_1]
NASHVILLE, Tenn .– (BUSINESS WIRE) – Montecito Medical, a leading owner of medical office real estate across the United States, has completed the acquisition of a medical office building in Arlington, Texas that houses an operations center operated by the area’s dominant urology group.
The 16,000 square foot property is 100% leased to Urology Partners of North Texas.
“We are very excited to acquire this premier property in a great market and to have a long-term relationship with such a dynamic and growing specialist medical provider,” said Rus Gudnyy, Senior Vice President, Investments at Montecito Medical.
Urology Partners of North Texas (UPNT) is a market leader with 26 physicians and nine locations in the Dallas-Fort Worth area. At the Arlington site, the group provides general urological services, urological surgery, radiation oncology, and imaging.
The property is located at 2400 Matlock Road in South Arlington, one mile north of Arlington Medical Center, a full-service acute care hospital owned by HCA Healthcare. The property is conveniently located in a busy commercial area near three main traffic arteries. Arlington is part of the 16th largest statistical metropolitan area in the United States with a large and growing patient base.
“UPNT is proud to partner with Montecito Medical on the Arlington real estate transaction,” said Bob Yonke, CEO of US Specialists Management, LLC. “Doctors and management team look forward to partnering with Montecito on our Fort Worth project that will consolidate multiple clinic offices, expand the Texas Cancer Specialists facility and add a second ASC to efficiently deliver quality patient care to our growing practice and patient population Offer. ”
The acquisition of Arlington continues the rapid expansion of Montecito’s Texas presence. Last year the company acquired two medical offices in San Antonio and buildings in Austin, The Woodlands, Corpus Christi, Tyler, Texarkana, Katy and Sunnyvale.
“Texas is one of the fastest growing states in the country and we are excited to grow with it as medical groups seek to use their real estate to build stronger practices and better serve their patients,” said Chip Conk, CEO of Montecito Medical.
[ad_2]
