{"id":1004175177,"date":"2017-05-09T01:40:53","date_gmt":"2017-05-09T09:40:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175177"},"modified":"2020-04-21T01:21:12","modified_gmt":"2020-04-21T09:21:12","slug":"dallas-officemedical-complex-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-officemedical-complex-changes-hands\/","title":{"rendered":"Dallas Office\/Medical Complex Changes Hands"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004175179\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004175179\" data-attachment-id=\"1004175179\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dallas-officemedical-complex-changes-hands\/forest-green-office-medical-complex-in-dallas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Forest Green Office\/Medical Complex in Dallas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Forest Green Office\/Medical Complex in Dallas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg?w=640\" class=\"wp-image-1004175179 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg\" alt=\"Forest Green Office\/Medical Complex in Dallas\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004175179\" class=\"wp-caption-text\">Forest Green Office\/Medical Complex in Dallas<\/p><\/div>\n<p>Marcus &amp; Millichap recently brokered the sale of Forest Green Office\/Medical Complex in Dallas. Ron Hebert, first vice president of investments in the Dallas office, and Michael Lawrence, senior managing director of investments in the firm\u2019s Newport Beach branch, represented the seller.\u00a0According to <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"nofollow\">Yardi Matrix<\/a>\u00a0data, Pat Davis Properties acquired the property from Adler Realty Investments for $11.3 million. The sale was subject to an $11.5 million loan from Blue Vista.<\/p>\n<p>Forest Green Office\/Medical Complex consists of a six-story office tower, two one-story garden office buildings, as well as a flex\/office building. Located at 11882, 11884, 11886 and 11910 Greenville Ave., the complex offers easy access to Interstate 635 and the LBJ Freeway. The property,\u00a0which underwent cosmetic renovations in 2006,\u00a0features more than 600 parking spaces.\u00a0The four-building, 173,790-square-foot office campus was 82 percent occupied at the time of the sale.<\/p>\n<p>Marcus &amp; Millichap&#8217;s Ron Hebert and Michael Lawrence recently represented <a href=\"https:\/\/www.commercialsearch.com\/news\/bh-properties-sells-business-park-in-texas\/\">BH Properties<\/a> in acquiring Midway Business Park, an 11-building, 235,042-square-foot mixed-use park in Farmers Branch, Texas.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pat Davis Properties bought the office park for $11.3 million. At the time of the transaction, the four-building campus was 82 percent occupied.<\/p>\n","protected":false},"author":753,"featured_media":1004175179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21742,21747],"tags":[35320,34836,35319,35300],"class_list":["post-1004175177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","category-office","tag-adler-realty-investments","tag-marcus-millichap","tag-pat-davis-properties","tag-ron-hebert"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dallas Office\/Medical Complex Changes Hands - 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\/dallas-officemedical-complex-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dallas Office\/Medical Complex Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Pat Davis Properties bought the office park for $11.3 million. At the time of the transaction, the four-building campus was 82 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dallas-officemedical-complex-changes-hands\/\" \/>\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=\"2017-05-09T09:40:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T09:21:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dallas-officemedical-complex-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dallas-officemedical-complex-changes-hands\\\/\"},\"author\":{\"name\":\"Razvan Cimpean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/694c0c0a53e89aa8de1e53ff8201b3b6\"},\"headline\":\"Dallas Office\\\/Medical Complex Changes Hands\",\"datePublished\":\"2017-05-09T09:40:53+00:00\",\"dateModified\":\"2020-04-21T09:21:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dallas-officemedical-complex-changes-hands\\\/\"},\"wordCount\":192,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dallas-officemedical-complex-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Forest-Green-Office-Medical-Complex-in-Dallas.jpg\",\"keywords\":[\"Adler Realty Investments\",\"Marcus &amp; 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