{"id":1004146846,"date":"2016-06-28T00:14:46","date_gmt":"2016-06-28T08:14:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146846"},"modified":"2020-05-10T22:16:19","modified_gmt":"2020-05-11T06:16:19","slug":"post-bankruptcy-austin-hospital-sells-for-115m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/","title":{"rendered":"Post Bankruptcy, Austin Hospital Sells for $115M"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"Forest<\/a>

Forest Park Medical Center Austin<\/em><\/p><\/div>\n

Austin, Texas<\/strong>\u2014St. David\u2019s HealthCare<\/a> had been looking to expand its North Austin Medical Center<\/a> for a while now and it recently announced the acquisition of Forest Park Medical Center \u2013 Austin for approximately $115 million from FPMC Austin Realty Partners.<\/p>\n

The 146,997-square-foot luxury hospital<\/a>, along with a 79,708-square-foot medical office building and 508-space parking garage were marketed on behalf of the seller by Schott Herbold, first vice president of CBRE<\/a> Capital Markets\u2019 investment properties team. Herbold worked alongside Chris Bodnar, Lee Asher and Greg Greene of CBRE\u2019s US Healthcare Capital Markets team and KOA Partners<\/a>.<\/p>\n

Forest Park Medical Center \u2013 Austin, originally planned to be a physician-majority owned and governed hospital, filed for Chapter 11 bankruptcy protection in January this year, shortly after the construction was finalized.<\/p>\n

The hospital is located on 8.5 acres in the suburb of Round Rock and includes 40 private inpatient suites with 12 VIP\/family suites, 10 operating rooms, 2 procedure rooms and 6 intensive care units. The common areas and restrooms of the four-story on-campus medical office building have been completed, along with the parking garage. St. David\u2019s HealthCare intends to operate the facility, which will house the campus of St. David\u2019s North Austin Medical Center as a specialty surgery hospital.<\/p>\n

Image courtesy of Neal Richards Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The asset includes a 147,000-square-foot hotel-like hospital, a 79,708-square-foot medical office building and 508 parking spaces.<\/p>\n","protected":false},"author":237,"featured_media":1004146847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21825,21783,21754,21742],"tags":[],"class_list":["post-1004146846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-finance","category-investment","category-medical-office","category-latest"],"acf":[],"yoast_head":"\nPost Bankruptcy, Austin Hospital Sells for $115M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Post Bankruptcy, Austin Hospital Sells for $115M\" \/>\n<meta property=\"og:description\" content=\"The asset includes a 147,000-square-foot hotel-like hospital, a 79,708-square-foot medical office building and 508 parking spaces.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-28T08:14:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T06:16:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"824\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/\",\"name\":\"Post Bankruptcy, Austin Hospital Sells for $115M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg\",\"datePublished\":\"2016-06-28T08:14:46+00:00\",\"dateModified\":\"2020-05-11T06:16:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg\",\"width\":1400,\"height\":824,\"caption\":\"Forest Park Medical Center Austin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Post Bankruptcy, Austin Hospital Sells for $115M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Post Bankruptcy, Austin Hospital Sells for $115M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/","og_locale":"en_US","og_type":"article","og_title":"Post Bankruptcy, Austin Hospital Sells for $115M","og_description":"The asset includes a 147,000-square-foot hotel-like hospital, a 79,708-square-foot medical office building and 508 parking spaces.","og_url":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-06-28T08:14:46+00:00","article_modified_time":"2020-05-11T06:16:19+00:00","og_image":[{"width":1400,"height":824,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg","type":"image\/jpeg"}],"author":"Anca Gagiuc","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/","url":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/","name":"Post Bankruptcy, Austin Hospital Sells for $115M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg","datePublished":"2016-06-28T08:14:46+00:00","dateModified":"2020-05-11T06:16:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg","width":1400,"height":824,"caption":"Forest Park Medical Center Austin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/post-bankruptcy-austin-hospital-sells-for-115m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Post Bankruptcy, Austin Hospital Sells for $115M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7","name":"Anca Gagiuc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","caption":"Anca Gagiuc"},"description":"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Forest-Park-Medical-Center-Austin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004146846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004146846"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004146846\/revisions"}],"predecessor-version":[{"id":1004432983,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004146846\/revisions\/1004432983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004146847"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004146846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004146846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004146846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}