Midtown Medical office building is 95% occupied on long-term NNN leases.
FORT WORTH—Built in 2013, the Midtown Medical office building is in the center of the medical district, located at 900 Jerome St., in close proximity to Baylor All Saints Medical Center, Cook Children's Medical Center, Texas Health Harris Methodist Hospital Fort Worth and Plaza Medical Center of Fort Worth. The area is also known as the Near Southside, a vibrant growth district south of downtown. The building is situated within a mixed-use project adjacent to hotels, restaurants and a bank.
Ridgeline Capital Partners, a private investment firm, acquired control of the property from the developer in 2015. Ridgeline made minor improvements to the lobby, common areas and building operations during the past year.
“When Ridgeline went under contract on the purchase in 2015, the building's occupancy rate was 62%. During Ridgeline's ownership, the occupancy increased to 95% on long-term NNN leases,” said Jeff Axley, owner of Ridgeline Capital Partners.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
