Nov
27
Physicians JV Sells Office Building in Arlington
ByAfter being one year on the market, the 15,110-square-foot property was purchased by TKEN Holdings.
The Medical Office Building in Central Arlington, TexasArlington, Texas—A joint venture partnership of six doctors has recently sold a 15,110-square-foot medical office building in central Arlington. The buyer is TKEN Holdings, a company that operates a pain management practice, which plans to use the majority of the space and lease the balance. Locally based Coldwell Banker Commercial Advisors DFW represented the seller, North Davis Joint Venture, and DFW iRealty negotiated on behalf of the buyer. The price of the acquisition was not disclosed.
Located at 950 North Davis St. on a 1-acre site, the building housed the doctors’ practices since its completion in 1985. The property is strategically positioned within a medical office corridor and neighbors several surgery clinics. Texas Health Arlington Memorial Hospital is less than half a mile from the building and Interstate 30 is just a three-minute drive away. The asset is approximately 12 miles from Fort Worth and 20 miles from downtown Dallas…
