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Texas  + Healthcare  | 

MOB Changes Ownership in Midland

Marcus & Millichap finalized the sale of 2500 W. Illinois Ave., a 19,547-square-foot medical office building in Midland. Terms of the sale weren’t disclosed.

Alex Sacks, Brett Rodgers and Frank M. Roti, investment specialists in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller and also secured the buyer. Tim Speck assisted on the transaction as Marcus & Millichap’s Texas broker of record.

2500 W. Midland is two blocks away from Midland Memorial Hospital.  The multi-tenant building was constructed in 1955, but saw a full rebuild in 2013.

Anchoring the property is Midland Women’s Clinic, which is the largest women’s healthcare practice in western Texas. Other tenants include Cook Children’s Clinic and LabCorp.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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