Virtus Real Estate Capital & Lincoln Property Company Acquire Southlake Medical Office Building

The Methodist Southlake Medical Office Building, a Class A medical office property located at 431 East State Highway 114 in Southlake, Texas, consists of 82,238 square feet. This asset was sold recently, reflecting its significance in the medical office market.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: Not specified
• Address: 431 East State Highway 114
• Market: Southlake
• Buyer: Virtus Real Estate Capital & Lincoln Property Company
• Seller: LandPlan Development
• Broker: Brian Bacharach & Vasili Davos - JLL

The transaction involved a partnership between Virtus Real Estate Capital and Lincoln Property Company as the buyers. JLL Capital Markets facilitated the sale, with Brian Bacharach and Vasili Davos representing the brokerage side of the deal on behalf of the seller, LandPlan Development.