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Texas  + Dallas-Fort Worth  + Healthcare  | 
Dallas Skyline

Savlan Capital Snags MOB in Dallas for $7M

Savlan Capital has acquired a 38,794-square-foot medical office building in Dallas for $7 million as part of a $26 million portfolio acquisition. The other two properties in the portfolio are located in Richmond, VA.

The property in Dallas is located at 9250 Amberton Parkway and was constructed in 1978 and renovated in 2006. It houses Texas Health Resources. The Richmond properties are located in Windsor Business Park, a 62-acre office and industrial development. They include 8575 Magellan Parkway, which was acquired for $8.8 million and 8580 Magellan Parkway, which was acquired for $10.2 million. The Richmond properties are occupied by Williamson Drug Co. and Bon Secours Mercy Health, respectively.

The portfolio seller, Modiv, was represented by Joe Massa, Anthony Lunceford, Thomas Fakharzadeh and Michael Grenaway of Institutional Property Investors.

The Hollywood, FL-based Savlan Capital’s MOB portfolio, acquired over the past nine months, now stands at approximately $100 million.  The company currently has five additional medical office buildings valued at approximately $15 million under contract.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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