Independence Medical Village
Provide a new facility for a recently acquired practice in a land-constrained market and recruit independent specialists to relocate into the project to provide comprehensive patient care.
HHRE and VHP collectively identified a site and designed the second Medical Village in Collin County. The team successfully negotiated seven leases to achieve pre-leasing of 50% with stabilization occurring less than a year from completion.
One-stop community outpatient facility providing a broad spectrum of specialists and ancillary services, including an endoscopy center.
HHRE and VHP collectively decided to sell the facility within two years of completion, and achieved favorable returns to the partners, exceeding their expectations.
HHRE partnered with VHP for three Medical Villages in Texas totaling more than 240,000 square feet.
- Plano, TX
- 72,000 Square Feet
- Completed in 2014
- Multi-tenant MOB with ASC
Independence Medical Village is the second Medical Village that VHP has been associated with. These multi-specialty facilities provide an environment of convenience and comprehensive coordinated care for our patients. We’ve enjoyed our partnership with Harrod throughout the years and look forward to future opportunities to work with their team again.