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News Release: Just Closed: Fully-Occupied Medical Office Building and Ambulatory Surgery Center

Just closed: Legends Park

Legends Park is Class A medical office building and ambulatory surgery center totaling 64,020 rentable square feet in Midland, Texas. (Photo courtesy of JLL)

The JLL Healthcare Capital Markets Group is pleased to announce the sale of Legends Park, a Class A medical office building and ambulatory surgery center totaling 64,020 rentable square feet in Midland, Texas.  The property consists of an institutional quality, purpose-built medical office building and an attached ambulatory surgical center with a strong tenant mix of physician specialists and hospital services.  The buildings are fully leased to Midland Health, the only acute care hospital operator in Midland County, and a United Surgical Partners International (“USPI”) joint venture partnership.

Brian Bacharach and Daniel Turley of the JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor.

About Midland Health

Midland Health is a system of healthcare providers in Midland, Texas, with Midland Memorial Hospital at the center of its operations. Since 1950, Midland Memorial Hospital has exemplified excellence in patient care, medical education and community service. The mission and vision to lead healthcare for greater Midland and make Midland the healthiest community in Texas was established with the creation of Midland Health in 2014, expanding the healthcare footprint and impact through a coordinated system of providers. As Midland Memorial Hospital, a not-for-profit entity, drives much of the work, the guiding principles behind Midland Health show a commitment to improving the community by reinvesting volunteered time and finances into the health of west Texas.

JLL Healthcare Capital Markets

JLL Healthcare Capital Markets is the only national full service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients. JLL has an extensive national and international presence that delivers local market knowledge and exceptional access to capital.

For more information on this sale, or if we can help with your healthcare real estate needs, please contact us:

Brian Bacharach
Executive Vice President
T +1 214 438 6462
M +1 214 476 3511

Daniel Turley
Executive Vice President
T +1 214 438 6374
M +1 212 729 9327

Mindy Berman
Managing Director
T +1 617 316 6539
M +1 617 899 0657

Steve Leathers
Executive Vice President
T +1 212 812 5867
M +1 949 922 4195

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