FOR IMMEDIATE RELEASE
Dallas, TX (October 4, 2022) – Big Sky Medical announces the closing of Pyramid Towers, a two-building office facility located in the heart of Dallas, Texas. Comprised of 291,328 rentable square feet, the acquisition marks the largest medical office asset to trade hands in the United States since 2018.
Located due south of the North Central Surgical Hospital and Carrell Clinic Center, Pyramid Towers has established itself as a strategic location for Baylor, Scott & White Health Systems and Dallas Plastic Surgery Institute. “Early in my career, I was part of the team that developed the adjoining North Central Medical Plaza. Ever since then, I have always wanted to own the Pyramids Towers and twenty years later I have finally gotten my opportunity to transform these assets,” said Jason L. Signor, Founder and CEO of Big Sky Medical. Big Sky has selected JLL to lease the vacant office space within the north tower and help execute the business plan to regain full occupancy of the two towers. Big Sky will maintain a strong focus on repositioning the asset through capital improvements including spec suites, lobby upgrades and restroom renovations.
The two Pyramids Towers mark the 15th and 16th acquisitions through Big Sky’s partnership with GFH in 2022. Commenting, Nael Mustafa, Chief Investment Officer – Real Estate of GFH, said, “We are pleased to continue the expansion of our strategic partnership with Big Sky. The Pyramids is the type of institutional quality investments we desire as we expand our medical office investing within the U.S.” Big Sky formed its partnership with GFH in November of 2021 and jointly have been one of the most active buyers of healthcare real estate ever since. The acquisition of Pyramid Towers signifies the confidence that Big Sky holds in Texas’s medical sector and the company’s plan to further invest in the Dallas market.
About Big Sky Medical
Big Sky Medical Real Estate is an investment manager focused on commercial real estate across the United States with an overweight focus on the medical office sector. Big Sky was formed in 2020 by industry veteran Jason L. Signor to exclusively invest in healthcare and life science real estate. Big Sky leverages its deep relationships built over the past two decades as a sector specialist to position its platform as a flexible source of capital for developers, healthcare operators and investors of high quality medical real estate without competing conflicts of interest. To learn more, visit bigskymed.com
About GFH
GFH is one of the most recognized financial groups in the Gulf region. Its businesses include Asset Management, Wealth Management, Commercial Banking and Real Estate Development. The Group’s operations are focused in the GCC, and the US. GFH is listed in Bahrain Bourse, Boursa Kuwait,Dubai Financial Market, and Abu Dhabi Securities Exchange. For more information, please visit www.gfh.com.
Press Contact:
Joseph Doremus
O: (469) 949-8300 ext. 111
joseph@bigskymed.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
