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Project Case Study: An MOB success story in Texas

Rubicon MOB in Irving shows how HRE opportunities can grow organically

By John B. Mugford 

When the MOB at 6121 N. State Highway 161 in Irving, Texas, sold last fall, it was the culmination of a series of transactions and developments undertaken by Dallas-based Rubicon Representation and its affiliate, Rubicon Development. The new owner of the 87 percent occupied MOB is a partnership of Ridgeline Capital Partners and Harrison Street.  (Photo courtesy of UT Southwestern Medical Center)

In the fall of 2020, a transaction involving a 66,605 square foot medical office building (MOB) took place for an undisclosed price and a bit under the radar in Irving, Texas, a Dallas suburb.

But what might have appeared to be a fairly routine, stand-alone sale of what is now known as the Gateway Medical Center at 6121 N State Highway 161 was actually the culmination of a series of events dating back at least four years – and it serves as an excellent example of how opportunities can grow organically in the (HRE) healthcare real estate space.

It all began with a parking issue

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