Friday, December 04, 2009

Westmount Realty Capital LLC sells 3.9 acres to Forest Park Realty Partners III

Real estate investment firm Westmount Realty Capital LLC said Friday it has sold 3.9 acres of land at the Westmount Health Campus to Forest Park Realty Partners III for expansion of the adjacent Forest Park Medical Center.

The land is located in a prime spot right off Interstate 75. In the same area, Forest Park Realty Partners acquired 6.9 acres in August.

The hospital itself is located at the northeast quadrant of North Central Expressway and Forest Lane in North Dallas. The first phase of the 66,000-square-foot hospital was completed in March 2009.

“This purchase indicates Forest Park Realty’s enthusiasm for this enviable location and the growing success of the project already built on the campus,” said Cliff Booth, president of Westmount.

With the additional sale announced, Westmount Realty Capital said only 5.5 acres of land remains for purchase in the vicinity near the hospital.