Search
 

Parker Group Lease Includes New Amenity

IRVING, TX-A 66,000-sf lease for a healthcare tenant includes 1,500 sf for a quick-serve medical clinic. The landlord plans to roll out clinics in other buildings in its local portfolio.

By John McCloud | Updated on February 24, 2008

IRVING, TX-Owners of the Urban Towers, an 850,000-sf office complex at 222 W. Las Colinas Blvd. in Irving, are taking advantage of a 10-year lease with a major healthcare and benefits management holding company to test a new amenity it may roll out to other buildings in its local portfolio. CB Richard Ellis Strategic Partners signed the Chicago-based Parker Group to 65,796 sf of office, including about 1,500 sf for a medical clinic run by the tenant’s third party administrative division.

According to John Fancher, a VP in the Dallas office of CBRE who represented the landlord in the transaction, the clinic may become the “sixth star” in CBRE Strategic Partners’ 5-Star Worldwide program for northern Texas. The program entails five amenities the Los Angeles-based property owner is implementing in all office buildings in its US portfolio. The elements include a fitness center, delicatessen, shared conference area, concierge service and onsite management.

“There are similar ‘doc in a box’ concepts out there,” says Fancher in regard to low-cost, quick-service medical clinics in convenient settings. “But this is the first I’m aware of in an office environment. Most are in malls or other retail locations. We saw some good benefits in introducing this idea, a kind of onsite substitute for company health care.” The agent says the landlord and tenant are working out a co-branding scheme, with the ultimate aim of putting a clinic in all nine buildings the company owns in the Dallas-Fort Worth market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.