Investor sells Dallas area medical office building

Privately-owned real estate investment, development and finance company Bolour Associates, Inc. (BOLOUR) has sold a Class A medical office building in Dallas, Texas, after a 16-month hold period. It was the company’s first medical office acquisition in the DFW market.

The asset totals 7,190 square feet at 12222 Coit Road in the North Dallas submarket. It sits immediately off of U.S. Route 75, just south of I-635 and approximately one mile northeast of Medical City Dallas Hospital, an acute care hospital with more than 1,500 providers.

BOLOUR purchased the Coit Road asset in early 2022. David Zoller and Corbin Tanenbaum of Weitzman Retail Brokers represented BOLOUR in the 2022 acquisition and in the recent property disposition. The property buyer was represented by Justin Utay of NAI Robert Lynn.