Transwestern Represents Building Ownership in the Transaction
December 29, 2020
Dallas – Transwestern Real Estate Services (TRS) announces Southwestern Health Resources, an industry-leading and innovative first-class healthcare network made up of researchers, hospitals and ambulatory facilities, has signed a long-term lease totaling nearly 150,000 square feet at Browning Place. Transwestern Principal Duane Henley provides leasing services for the property at 1601 and 1603 Lyndon B Johnson in Farmers Branch, Texas, on behalf of the building ownership, Browning Place LLC.
“As one of the leading healthcare groups in the Unites States, Southwestern Health Resources can add a collaborative space to its existing real estate portfolio for its employees to communicate and interact,” said Henley. “The property’s location in the Famers Branch area provides easy access to great amenities that tenants can enjoy.”
Located in the epicenter of the Dallas-Fort Worth metroplex, Browning Place consists of four office buildings totaling 627,560 square feet. Within minutes of DFW International Airport, the buildings offer tenants an on-site bank, jogging trail, café, high-end fitness center and upscale Texas granite-clad lobbies.
Combining the strengths of UT Southwestern Medical Center, Texas Health Resources and more than 5,000 faculty, affiliated and independent community physicians, Southwestern Health Resources offers the largest provider network in North Texas.
Southwestern Health Resources selected the facility because of its central location for its approximately 900 employees and the space flexibility to meet the needs of the organization’s diverse workforce. Services range from care management, utilization and risk management, medical and data analytics, physician network operations, health plan services and support departments such as IT, human resources, marketing and finance.
According to Transwestern’s Third Quarter Office Market Report, Dallas-Fort Worth is a leading metro in various rankings of office occupancy and return to workplaces, and after accelerating sharply in the first half of third quarter, new sublease listings slowed considerably in the latter half.
Paul Whitman and Pat McDowell with JLL represented Southwestern Health Resources.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
Southwestern Health Resources
Southwestern Health Resources, which blends the strengths of the University of Texas Southwestern Medical Center and Texas Health Resources, includes a network of 29 hospital locations and more than 5,000 providers. SWHR is committed to being the national leader in population health. With more than 650 points of access to care, this provides for higher value and allows patients to access services across a full continuum of medical needs. The network serves people across 17 counties in North Texas. In total, Southwestern Health coordinates care for nearly 700,000 patients, aligned with commercial healthcare plans and Medicare programs. SWHR operates the nation’s highest-rated Next Generation Accountable Care Organization. Visit https://www.southwesternhealth.org/ for more information.