Matthews™ Announces Sale of Texas Children’s Pavilion for Women in Austin

AUSTIN, TX— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of the Texas Children’s Pavilion for Women, located at 9817 N Lake Creek Pkwy, in Austin, Texas. Matthews™ Senior Vice President & Senior Directors Rahul Chhajed, Michael Moreno, and Vice President & Director Tyler Swade represented the buyer in the transaction.

 

Developed in 2023, the 12,750-square-foot single-tenant Class A facility is operated under a long-term net lease backed by investment-grade credit and secured by one of the nation’s leading pediatric and women’s health systems.

 

The seller, a local developer, had not initially planned to bring the property to market, but was motivated by compelling pricing and the option to retain management. Matthews™ leveraged its extensive relationships to identify an institutional retail fund focused on healthcare assets with long-term investment-grade credit tenants. The buyer was attracted to the operator’s strength, quality construction, and well-positioned location in the Far Northwest Austin submarket.

 

Following a 47-day escrow period, the transaction closed with strong collaboration from both parties, contributing to an efficient and seamless process.

 

“We utilized our deep rolodex of healthcare real estate investors to match the right buyer with a best-in-class asset,” Chhajed said. “We structured the transaction so the seller could retain management of the facility, which created additional alignment and helped drive a mutually beneficial outcome.”

 

For more information, please contact Rahul Chhajed, Michael Moreno, and Tyler Swade or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.