Forest Park Realty Partners III acquires Westmount Realty Capital's landholdings

Dallas-based Westmount Realty Capital announced today the sale of approximately 3.9 acres of its landholdings at Westmount Health Campus to Forest Park Realty Partners III for the further expansion of its adjacent Forest Park Medical Center. The tract of land sold is situated in a highly visible location, with frontage along I-75/North Central Expressway and was purchased in addition to the 6.9 acres acquired by Forest Park Realty Partners III in August of this year.

The first phase of the Forest Park Medical Center, completed in March 2009, is a 66,000 square foot specialty hospital that has been well received in the community. The specialty hospital is located at the northeast quadrant of North Central Expressway and Forest Lane in north Dallas - one of the most visible and accessible locations inside the I-635/LBJ Freeway loop.

“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.

After this most recent transaction, only 5.5 acres, located just south of this purchase, will remain available for sale on the main tract. This site has access and visibility to both Forest Lane and the North Central Expressway frontage road.

Westmount Health Campus rests on 27 acres that Westmount acquired in 2006 and is accessible from all parts of Dallas, within close proximity of other major medical centers and only 400 feet from the Forest Lane DART rail station. With Medical City Hospital located just west, across Central Expressway, and Presbyterian Hospital located just three exits to the south, Westmount Health Campus is an attractive addition to a burgeoning medical sector which continues to grow to meet the area’s changing demographics and expanding population.