KDC's Medical Assets Division Underway

DALLAS-KDC, which has built its reputation as a player in build-to-suit office product and industrial projects, is branching into the medical real estate arena. The company has placed former Cirrus Group vice president Nathan Golik at the head of its Medical Development and Acquisitions Division, where he is looking at everything from potential acquisitions to possible developments, as well as partnerships with physicians and hospitals.

Golik, who has the title of senior vice president with KDC, tells GlobeSt.com that the local company is looking at possible deals in Texas, California, Colorado and North Carolina. He’s also overseeing pre-leasing of a 200,000-square-foot project on Walnut Hill Lane in Dallas. Construction will begin on the un-named project when at least 50% of the building is filled.

Golik says KDC is looking at all geographic areas for its product. “We plan a strong focus on traditional medical office buildings, hopefully with outpatient services,” he says. He notes that with the financing environment, the smaller deals will likely be considered more than the mega-medical plazas. “We’re not going to necessarily do a 5,000-square-foot building, though,” he adds.