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Victory Medical Moves into McKinney

MCKINNEY, TX-In this UPDATE to a previous story, Victory Healthcare announces a new location, while CEO Robert Helms Jr. explains why now is a good time for MOB development in the Metroplex.

By Amy Wolff Sorter | Updated on June 14, 2013

MCKINNEY, TX-Less than a week after announcing a construction launch for the $70 million Victory Medical Center in Fort Worth, Victory Healthcare announces its acquisition of the 113,000-square-foot Hospital at Craig Ranch from developer HealthCap (formerly Cirrus Group). The healthcare real estate was bought in partnership with Forge Realty Partners, and will be remodeled as a 58,000-square-foot hospital and a 56,000-square-foot medical office building.

Located at 6045 Alma Rd., Victory Medical Center Craig Ranch will include a four-bed intensive care unit, 20 private suites, seven operating rooms and three special procedures rooms. The acquisition is Forge Realty Partners’ first. The sales price for the five-year-old buildings was unavailable, though the Collin County Appraisal District values the property at $26.8 million. Craig Ranch is a 2,200-acre, master-planned community located approximately 30 miles north of Dallas.

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