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RAINIER CAPITAL MANAGEMENT ACQUIRES BAYLOR MEDICAL PLAZA

Baylor Medical Plaza is a 35,485-square-foot ambulatory surgery center and medical office building located in Heath, Texas.

HEATH, TEXAS — Dallas-based Rainier Capital Management has acquired Baylor Medical Plaza, a two-story, 35,485-square-foot ambulatory surgery center and medical office building located in Heath. The property was recently developed and leased by Trammell Crow Co. for affiliates of the Baylor Health Care System and United Surgical Partners International. Richard Cole provided in-house representation for Rainier Capital Management, which acquired the property on behalf of tenant-in-common investors. Rob Jones provided in-house representation for the seller, Trammell Crow Co. The company will continue to lease and manage the property, which was fully occupied at the time of closing. The acquisition price was not disclosed.

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