Two years into its lease, Texas Health Resources has expanded and extended its pact long term to become the sole occupant of a 16,652-sf medical office building in the Mid-Cities.
The North Texas-based healthcare giant has inked a new lease for the 5,683-sf balance of the building at 1605 Airport Blvd., Bedford, to expand an existing surgery center. The outpatient facility is located directly across the freeway from the 322-bed Texas Health Harris Methodist Hospital HEB, which is the only Level III Trauma Unit in northeast Tarrant County, and right around the corner from Texas Health Cardio & Vascular Center of North Texas.
Erik Blais and Paul Richter, vice presidents of Dallas-based Bradford Commercial Real Estate Services, were marketing the multi-tenant building for the landlord, SS Realty LLC, a Canadian investment group, when Texas Health opted to exercise its right of first refusal.
"We had strong interest from another medical user," Blais says, "and that triggered Texas Health's decision to lease the entire building."
Situated on a 1.45-acre tract, the freeway-fronting building was developed in 2009 as a single-tenant project with one lobby, which will help to expedite Texas Health's build-out plan. The new surgery center tentatively is slated to open in the fourth quarter. Kyle Jacobs of Rubicon Representation represented the tenant of record and THR affiliate, Texas Health Surgery Center Bedford LLC.
Texas Health opened the outpatient surgery center two years ago in 10,969 sf. The expansion lease runs coterminous with the original pact, which was extended by three years to 2030 as a result of the new deal.
"Our client has a fully leased building once again and Texas Health has enough space to add a second surgery center to accommodate demand in the market," Blais says.
NORTH TEXAS LEASES
Texas Health Surgery Center Bedford LLC has extended its lease and expanded to 16,652, adding 5,683 sf of medical office space at 1605 Airport Freeway, Bedford. Erik Blais and Paul Richter, vice presidents of Bradford Commercial Real Estate Services, represented the landlord, SS Realty LLC. Kyle Jacobs of Rubicon Representation represented the tenant.
Corporate Fitness Solutions LLC has signed a, 8,425-sf renewal and expansion, adding 4,170 sf of warehouse space at 4951 Airport Parkway, Addison. Brian Pafford, senior vice president and managing partner of Bradford Commercial Real Estate Services; Susan Singer, executive vice president; and Ryan Coretz, broker associate, represented the landlord, Kennington Parkway Ltd. Adam Curran of Cushman & Wakefield of Texas Inc. represented the tenant.
RAM Software Systems Inc. has renewed 2,461 sf of office space in the Atrium on Collins, 1701 N. Collins Blvd., Richardson. Jared Laake, vice president of Bradford Commercial Real Estate Services, and Richmond Collinsworth, first vice president, represented the landlord, Centenario Realty LLC. Kevin Finch of Finch Commercial Realty Inc. represented the tenant.
Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.
