The vacant former Baylor All Saints hospital site on Fort Worth’s fast-growing southwest corridor has been sold.
CBRE today announced the sale of the 11.8-acre site with multiple buildings at 7100 Oakmont Blvd. The property includes a 113,000-square-foot former hospital building and a 12,000-square-foot former power plant. Fort Worth-based TCRG Properties LLC purchased the asset for an undisclosed price with a plan to redevelop and lease it out.
The property, formerly occupied by Baylor All Saints Medical Center. Baylor Health Care System closed the hospital in 2012 because it was underused and losing money, according to system officials. However, the location is adjacent to the Chisholm Trail Parkway, which has sparked a wave of development in that area. Inwood Bank provided acquisition financing.
Bob Scully and Nanci Johnson-Plump with CBRE’s Fort Worth office represented the seller, Rainier Realty Investments. Ryan Wood with TCRG represented the buyer.