FOR IMMEDIATE RELEASE
Prairie View Medical Plaza, Flower Mound, Texas (Photo courtesy of Caddis)
FLOWER MOUND, Texas – (January 22, 2018) – Ridgeline, a privately-held commercial real estate investment company, has sold Prairie View Medical Plaza, a 43,119-square-foot medical office building located in the heart of Flower Mound, Texas.
“When we purchased this property, we believed that the property’s location and surrounding demographics would only continue to improve,” said Jeff Axley, Ridgeline Managing Principal. “The recently opened adjacent mixed-use development The River Walk at Central Park further strengthens the property’s location.”
Built in 2013, Prairie View Medical Plaza is a half-mile from Texas Health Presbyterian Hospital Flower Mound and surrounded by dozens of other medical practices. The property is currently 100% occupied with a high-quality mix of eleven leading medical tenants providing uses including family practice, OB/GYN, dermatology, pediatrics, lab/diagnostics, dental, varicose vein and pharmacy.
Dallas-based Ridgeline has been active in real estate investment since 2014, focusing on acquiring healthcare facilities in Texas and across the Sun Belt with more than 40,000 square feet of space and occupancies ranging from 50 percent to 100 percent.
About Ridgeline Capital Partners
Ridgeline is a private real estate investment firm specialized in acquiring and operating healthcare real estate assets. The firm utilizes its experience in acquisitions, management, development and capital markets to invest capital entrusted to Ridgeline. Ridgeline’s investment philosophy is based on an understanding of asset values and capital markets and the inherent inefficiencies in the real estate industry. Ridgeline’s investment strategies are primarily focused on value-add investments and in providing joint venture equity for new development. For more information, please visit: www.ridgelinecp.com.
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