The DBJ 2013 Best Real Estate Deals honor the most important, complex, and biggest deals in North Texas during 2012. The winners were announced at an awards dinner at the Hilton Anatole April 25 where real estate professionals, economic development agency workers and company representatives gathered to celebrate this year’s honorees.
Now in its 21st year, the annual program boasted plenty of competition in each category. Baylor McKinney was chosen amongst two other impressive finalists in the category of “Best Medical Deal” – the Texas Center for Proton Therapy and the Methodist Richardson Medical Center Expansion.
Key players in the Baylor McKinney deal included: CBRE, Baylor Health Care System, McKinney Economic Development Corp, RTKL Associates, MEDCO Construction, Abernathy Roeder Boyd & Joplin PC, Duke Realty, and Perkins + Will.
The winners in each category were profiled in a Dallas Business Journal special publication that accompanied the April 26 weekly print edition.
A Winning Combination in Collin County
The DBJ selected the Baylor McKinney deal because of the “combination of a winning site, a growing population, a supportive city, strong demographics and available doctors.”
The 95-bed general acute-care facility on a 58-acre tract northwest of U.S. Highway 380 and Lake Forest Drive has seen about 30,000 patients since it opened July 6, said Scott Peek, president of Baylor Medical Center at McKinney. Construction started in September 2008.
“It’s brought one of the most trusted sources of health care in the region to one of the fastest-growing areas of North Texas,” Peek said. “380 is undergoing huge growth. We hope we can be a vital part of that.”
The approximately $200 million, 469,000-square-foot hospital opened with 375 employees and has grown to 550, Peek said. The hospital has treated about 30,000 patients so far, he said.
The hospital gives the Dallas-based Baylor Health Care System a presence in the McKinney-Prosper area, said Michael Barksdale, director of project management with commercial real estate CBRE, who oversaw the effort. Considerable thought went into how the hospital will serve the region today and long into the future, he said.
Attached to the hospital’s east side is a medical office building developed by Duke Realty. Duke master-leased the ground space from Baylor, which owned the overall acreage, then built the four-story, 117,000-square-foot Baylor McKinney Medical Office Building. It opened at the same time as the hospital.
About Baylor Health Care System
Baylor Health Care System is a not-for-profit, faith-based supporting organization providing services to a network of acute care hospitals and related health care entities that provide patient care, medical education, research and community service. Baylor recorded more than 2.8 million patient encounters, $4.1 billion in total operating revenue, $5.3 billion in total assets and $539 million in community benefit in fiscal year 2012 (as reported to the Texas Department of State Health Services). Baylor’s network of more than 360 access points includes 30 owned/operated/ ventured/affiliated hospitals; joint ventured ambulatory surgical centers; satellite outpatient locations; senior centers and more than 190 HealthTexas Provider Network physician clinics. For information visit BaylorHealth.com.