Dallas, TX (Nov. 9, 2022) – Big Sky Medical announces the closing of four independent transactions including three medical office buildings and a state-of-the-art life science facility on October 21st. The four properties are located in Texas (2) and Maryland (2) and combine for a total of 382,509 rentable square feet. The addition of these four assets marks the successful acquisition of 20 properties through Big Sky’s partnership with GFH in 2022.
Big Sky expands their investment into the life science sector through the acquisition of Providence Park, a 175,752 rentable square foot life science facility in College Station. The multi-tenant property is anchored by Lynntech and Matica Biotechnology which account for nearly half of the facility’s footprint. Both tenants have strong reputations attributable to their world-renowned cutting-edge innovation. Lynntech is a medical device designer and manufacturer. Its team of leading scientists also perform research and development in fields such as machine learning/AI, infectious disease detection/prevention, electrochemistry, and bioengineering. Matica Biotechnology is a global network specializing in research, development, and manufacturing of cell and gene therapies. College Station’s fast-growing life science and research market is attributable to Texas A&M University’s substantial investment in market. “Oldham Goodwin are best-in-class developers and operators. They have created a phenomenal environment for research and innovation at Providence Park,” said Jason L. Signor, Founder and CEO of Big Sky Medical. “As an alumnus of Texas A&M’s engineering program, I am thrilled to have the opportunity to further Big Sky’s investment in College Station while strengthening our relationship with the university.”. Texas A&M’s contributions have stimulated College Station’s life science presence, making the city an attractive home for prospective life science companies. Big Sky is excited about the life science hub College Station is becoming and looks forward to expanding their interest in the life science sector.
The three additional properties Big Sky closed were medical office buildings located in Houston, Texas, and Salisbury, Maryland. Each investment offered a unique opportunity to capitalize on geographic positioning as well as strong tenancy. The acquisition of these four diverse assets speaks to Big Sky’s deliberate intent to continue expanding their geographic breadth while also pursuing a greater interest in life science facilities. With the end of the year quickly approaching, Big Sky is pushing ever closer to achieving their goal to acquire $1 Billion of investments in 2022.
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
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