SG Property Services Acquires Medical Plaza Property in Dallas

SG Property Services Acquires Medical Plaza Property in Dallas

WASHINGTON, D.C. –- (RealEstateRama) — SG Property Services (SGPS) today announced the purchase of the 12-acre MacArthur Medical Plaza for $9.2 million via an affiliated entity.

SG Property Services

The 41,588-square-foot property is situated at 3501 N. MacArthur Blvd. Irving, Texas, a fast-growing area just northwest of Dallas. SGPS, a full-service commercial real estate firm based in Atlanta, creates value through acquisitions, development, leasing and property management.
SGPS’ acquisition represents 67% of a condominium association. It is SGPS’ first acquisition in Texas, kicking off its plans to expand into Dallas and other Texas markets.

The property is located one mile from Baylor Health Center and just south of Las Colinas with proximity to Four Seasons Resort, shops, and restaurants.

“This property was attractive due to its mix of institutional and specialty medical practices committed to the project on long term leases,” said Paul Shailendra, president of SG Property Services. “The Dallas/Irving market presents a strong investment opportunity, and we look forward to continued growth in the Lone Star State.”

Paul Shailendra’s business partner and brother, Sachin Shailendra, leads SG Contracting, an Atlanta-based general contracting and construction management company.

Lee Asher of CBRE represented the seller, MacArthur OB/GYN, in the transaction.

Skyline, A Wilbert PR Company

Skyline, a Wilbert PR company, is a public relations and communications firm specializing in commercial real estate. Skyline has significant clients in Charlotte, Nashville, Atlanta, Charleston/Columbia, South Carolina, and Grand Cayman. Skyline has deep expertise in all areas of traditional media relations, social media, and content creation and has previous experience delivering impactful PR programs for professional services firms. Founded by a former real estate journalist, Skyline has unparalleled national and local media relationships.

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