May | 2021
Echo Development Group, Inc. Acquires Medical Office Building in Rowlett, Texas
Echo Development Group, Inc. announces it has acquired a medical office building anchored by the Baylor Scott & White Health.
The property is 15,500 square feet and is located at 7801 Lakeview Parkway in Rowlett, Texas – a suburb of Dallas approximately 15 miles east of downtown. Lakeview Parkway is the dominant commercial and medical corridor in the trade area and features a substantial concentration of off-campus healthcare practices and daily needs traffic drivers. The building was 100% occupied at the time of sale by four tenants that include Texas Cardiac Associates – a renowned cardiology group that is affiliated with Baylor Scott & White Health. Additional medical tenants include North Texas ENT, LabCorp, and a dentist.
“We are very excited about this acquisition as it expands our geographic footprint into Texas, a market we have been targeting for some time,” said Echo Development Principal Jon Boyajian.
“Strategically, we’ve made similar progress in Indianapolis, Denver, Colorado Springs and Arizona where we currently have projects.” He went on to add, “With Rowlett, we have a fully occupied MOB with a great health system anchor. Baylor has made a tremendous investment in their nearby regional hospital and this site will continue to be a strategic off-campus clinical location that supports the Lake Pointe Medical Center.”
Echo Development Group, Inc. is an acquisition and development firm based in Chicago, Illinois. Echo’s primary focus is healthcare, industrial and retail assets as well as nationwide programmatic build-to-suit development.