Montecito Medical Acquires Surgical Center Building in Arlington, TX
NASHVILLE, Tennessee – (COMMERCIAL THREAD) – Montecito Medical, one of the largest owners of medical offices in the United States, has completed the acquisition of a medical office building in Arlington, Texas, which houses a surgical center operated by the group of dominant urology of the region.
The property, which offers over 16,000 square feet of space, is 100% leased to Urology Partners of North Texas.
“We are very pleased to acquire this premier property in a great market and to have the opportunity to enter into a long term relationship with such a dynamic and growing specialty medical supplier,” said Rus Gudnyy , Senior Vice President, Investments for Montecito Medical.
Urology Partners of North Texas (UPNT) is a leading provider in the market, with 26 physicians and nine locations in the Dallas-Fort Worth area. At the Arlington site, the group provides general urology, urologic surgery, radiation oncology and imaging services.
The property, located at 2400 Matlock Road in South Arlington, is one mile north of Arlington Medical Center, a full-service acute care hospital affiliated with HCA Healthcare. The property is conveniently located in a busy commercial district close to three major thoroughfares. Arlington is one of the 16e-the largest metropolitan statistical area in the United States, with a large and growing patient base.
“UPNT is proud to partner with Montecito Medical for the Arlington real estate transaction,” said Bob Yonke, CEO of US Specialists Management, LLC. “Physicians and management are eager to partner with Montecito on our Fort Worth project, which consolidates multiple clinic offices, expands the Texas cancer specialist facility, and adds a second ASC for effectively providing quality care to our practice and our growing patient population. ”
The Arlington Acquisition continues the rapid expansion of Montecito’s footprint in Texas. Over the past year, the company has acquired two medical offices in San Antonio as well as 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 physician groups seek to capitalize on their real estate to develop stronger practices and better serve their patients. Said Chip Conk, CEO of Montecito. Medical.