Quantum Real Estate Advisors, Inc. Brokers Sale of a Multi-Tenant Medical Office Building Located in Rowlett, TX

Chicago, IL (June 28th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant medical office building located at 7801 Lakeview Parkway in Rowlett, TX. The property is anchored by Baylor Scott & White, the largest provider of health services in the State of Texas. LabCorp and two other local medical providers run their clinics from the building as well. The asset sold for $5,980,000 which was 100% of the asking price. The Seller, a Chicago-based investment and development group had recently negotiated lease extensions with each tenant. The buyer was a Texas-based exchange buyer. Seth Gilford, Vice President of Quantum Real Estate Advisors, Inc., represented the seller in this transaction.

Mr. Gilford had the following comments regarding the transaction, “This transaction continues to show the immense demand that medical assets are garnering in the marketplace. The addition of having 70% of the asset occupied by credit-rated tenants made this a very desirable asset for an investor.” Mr. Gilford continued, “This was an opportunistic disposition for the Seller to capitalize on the increase in value that resulted from the recent lease extensions.”

Quantum Real Estate Advisors, Inc. (www.QREAdvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management, and financing.





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