Real Estate

Big Sky Medical Gets Rezoning Approval for Dallas MOB

Pyramid Towers comprise a total of 300,000 square feet. Image courtesy of CommercialEdge

Big Sky Medical has received the approval from the Dallas City Council for the rezoning of the roughly 145,000-square-foot Pyramids South Tower, which can now include medical tenants within the property. The adjacent Pyramids North Tower was rezoned to medical use in 2005 and is currently occupied by Baylor Scott & White and Dallas Plastic Surgery Institute.

Big Sky Medical acquired the two-building property near dowtown Dallas last year in October for an estimated $55 million from Healthcare Realty. The asset was described at that time as the largest medical office property to change hands in the U.S. since 2018. The purchase was made through Big Sky’s partnership with Bahrain-based GFH Financial Group.

The Pyramid Towers encompass a total of nearly 300,000 square feet and are set to become one of the largest medical complexes in North Texas. Pyramids South Tower is a six-story Class A building which was completed in 1998 and features three passenger elevators, controlled access and offers 730 car parking spaces. Managing Director Russ Johnson and Senior Vice President Chris Wright with JLL will handle the leasing services at the property.

Located at 9101 N. Central Expressway, Pyramid Towers are less than 10 miles from downtown Dallas. Medical facilities in the surrounding area include Texas Health Presbyterian Hospital Dallas, SMU Health Center and First Baptist Medical Center, among others.

Big Sky Medical recently made another purchase in the Dallas-Fort Worth market. The company acquired Richardson Medical Center I, a 118,472-square-foot medical office building in Richardson. The property’s repurposing to medical office use began this year.

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