DALLAS — Southwestern Health Resources (SWHR), the clinically integrated network of UT Southwestern and Texas Health Resources, today announced a long-term lease with Transwestern Real Estate Services (TRS) totaling nearly 150,000 square feet at Browning Place, located at 1601 and 1603 Lyndon B Johnson Freeway in Farmers Branch, Texas. Transwestern Principal Duane Henley provides leasing services on behalf of the building ownership, Browning Place LLC.
"As one of the leading healthcare groups in the United States, Southwestern Health Resources can add a collaborative space to its existing real estate portfolio for its employees to communicate and interact within," Henley said. "The property allows for great amenities nearby that tenants can enjoy as well."
Located in the epicenter of the Dallas-Fort Worth metroplex, Browning Place consists of four office buildings totaling 627,560 square feet. Within minutes of DFW International Airport, the buildings offer tenants an onsite bank, jogging trail, cafe, a high-end fitness center and upscale Texas granite-clad lobbies.
Combining the strengths of UT Southwestern Medical Center, Texas Health Resources and more than 5,000 faculty, affiliated and independent community physicians, Southwestern Health Resources offers the largest provider network in North Texas.
SWHR selected the facility because of its central location for its approximately 900 employees and the space's flexibility to meet the needs of the organization's diverse workforce. Services range from care management, utilization and risk management, medical and data analytics, physician network operations, health plan services and support departments such as IT, human resources, marketing and finance.
According to Transwestern's Third Quarter Office Market Report, Dallas-Fort Worth is a leading metropolitan area in various rankings of office occupancy and return to workplaces, and after accelerating sharply in the first half of Q3, new sublease listings slowed considerably in the latter half.
Paul Whitman and Pat McDowell with JLL represented Southwestern Health Resources.
About Southwestern Health Resources
Southwestern Health Resources, which blends the strengths of the University of Texas Southwestern Medical Center and Texas Health Resources, includes a network of 29 hospital locations and more than 5,000 providers. SWHR is committed to being the national leader in population health. With more than 650 points of access to care, this provides for higher value and allows patients to access services across a full continuum of medical needs. The network serves people across 17 counties in North Texas. In total, SWHR coordinates care for nearly 700,000 patients, aligned with commercial healthcare plans and Medicare programs. SWHR operates the nation’s top-performing Next Generation Accountable Care Organization.
About Transwestern Real Estate Services
Transwestern Real Estate Services adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to agency leasing, asset services, tenant advisory and workplace solutions, capital markets, and research and investment analytics. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore.