DALLAS—The five-year-old Coit Medical Center in Dallas has been sold to Mohr Capital, according to NGKF Capital Markets, which represented the seller Passco Seneca Coit LLC.
The two-story, 33,000-square-foot, class A medical office building comes with underground parking and is ideally located two blocks from Medical City Hospital, one of the largest hospitals in Texas. Legacy Heart Care and Greater Dallas Orthopaedics are its current tenants.
"Coit Medical Center's proximity to several Dallas hospitals, including Medical City, was perceived as a tremendous advantage by the investment community," said NGKF Capital Markets Managing director Evan Kovac, an Orange County, CA-based medical office expert who partnered with NGKF's Dallas office in negotiating the sale. "We registered more than 100 prospective purchasers and through the marketing process Mohr Capital emerged as the most qualified bidder.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
