Hospital district picks up Austin office campus for clinic conversion
The acquisition is part of a plan to convert the office building into adult and pediatric clinical offices and support space. The Travis County-funded hospital district has purchased the Northview Business Center in Austin, a 260,000-square-foot office building on roughly 25 acres. The purchase was not disclosed, but the Travis Central Appraisal District most recently valued the site at $18.6 million for tax purposes. The move is part of a broader push for public sector entities to own real estate rather than lease. The district proposed issuing $93.5 million in debt to acquire the property. The acquisition adds to a growing list of public-sector real estate deals in Central Texas.
Published : 6 months ago by TRD Staff in
Central Health is putting its own spin on the office conversion amid a broader push for public sector entities to own real estate rather than lease.
The Travis County-funded hospital district purchas... [2539 symbols]