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Strategic acquisition addresses growing demand for healthcare services in one of Austin’s largest master-planned communities
Austin, TX, December 9, 2024 – Partners Development, the development platform of Partners Real Estate (“Partners”), announced the acquisition of ±4.2 acres of medical-zoned property within the Easton Park master-planned community in Southeast Austin, Texas. This strategic acquisition marks a significant step forward in Partners Development’s plans to develop a multi-phase medical and professional services complex tailored to meet the needs of one of Austin’s most dynamic and rapidly growing communities.
Developed by Brookfield Properties, the 2,700-acre Easton Park has experienced remarkable residential growth since its inception in 2016, expanding from 350 homes to a planned 12,000 units. This influx of new residents has created a noticeable gap in available healthcare services, with a documented shortage of over 300 doctors within a 5-mile radius.
“We admire what Brookfield has done with their Easton Park investment, and we’re excited to have the opportunity to collaborate with their team to fill a true need in the market. Our vision for the Easton Park Medical Center development is to provide a diversified mix of healthcare services for a rapidly growing community while offering a flexible, market-responsive development strategy,” said Carter Perrin, Partner and Managing Director of Partners Development. “This acquisition represents a unique opportunity to deliver high-quality, Class A medical and professional space in a location that will have a lasting positive impact on the community.”
Partners plans to develop one to four buildings in phases, with flexibility to adapt to tenant demand and market conditions. The strategy includes multiple exit scenarios, such as leasing or selling individual buildings, ensuring alignment with community needs and investor objectives.
“As a resident of Easton Park, I’ve seen firsthand the demand for expanded medical services,” said Ryan McCullough, Partner and lead broker of Easton Park Medical Center Development. “This project is positioned at the gateway to Easton Park, offering a strategic solution to the area’s healthcare needs while providing an attractive opportunity for medical and professional tenants.”
Partners Development is a full-service commercial real estate development company specializing in creating first-class projects for investors. With expertise in site selection, land acquisition, entitlements, planning, financing, and construction management, Partners Development delivers seamless, end-to-end execution across projects of all sizes and complexity. Operating in key markets throughout Texas and the Sunbelt region, Partners Development is committed to providing innovative, tailored solutions that align with business expansion goals.
For more information, please contact Ash Harley-Majic, Marketing & Communications Manager, at 713.275.9641.
