BGO and Anchor Health Properties Acquire 71,394 square foot Class A Medical Outpatient Building in Austin, Texas MSA
Anchor and BGO recently closed on a two-story, 71,394 square foot Class A medical outpatient building in the Oak Hill submarket of the Austin, Texas MSA. Southwest Medical Village is located at 5625 Eiger Road. Anchor Health Properties will provide go forward asset and property management services to the joint venture for this investment.
Strategically situated within a ten-mile radius of eight short-term acute care hospitals, the building is nearly 100% leased to many of Austin’s premier medical and surgical groups. The tenant roster reflects a strong and coordinated clinical mix anchored by Premier Family Physicians, an independent, physician-owned practice with a long-term commitment to the building. Additional tenants include Ascension Seton (Fitch AA+), one of the largest private and nonprofit health systems in the nation; Austin Heart, a subsidiary of St. David’s Healthcare and HCA Healthcare (S&P BBB-), the region’s largest provider of cardiac and vascular services; NeuroTexas / Baylor Scott & White (Moody’s Aa2), the largest not-for-profit health system in Texas; and Texas Children’s Pediatrics (Fitch AA-), a subsidiary of Texas Children’s Hospital, one of the leading 
pediatric health systems in Texas.
“This transaction aligns with our broader thesis to partner with leading health systems in key growth markets such as the Austin MSA,” shared Mervyn Alphonso, Executive Vice President, Development & Acquisitions & Partner with Anchor, who leads acquisitions in the Texas market. “The addition of this facility to our portfolio strengthens our regional footprint and affirms our long-term commitment to delivering high-quality, patient-centric outpatient environments where demand for accessible, convenient care continues to rise. We are seeing meaningful momentum across the healthcare real estate landscape and remain highly optimistic about the growth and strategic opportunities ahead through 2025 and into 2026.”
Originally developed in 2013, the facility supports a dynamic and synergistic clinical environment driven by the complementary mix of specialties and strong cross-referral patterns both within the building and with nearby hospital campuses. On-site service lines include gastroenterology, dermatology, oncology, cardiology, radiology, pediatrics, ENT, laboratory, and ambulatory surgery, creating a comprehensive outpatient care hub for the growing Oak Hill community.
“Our acquisition of this asset, in partnership with Anchor, highlights BGO’s confidence in the enduring fundamentals of medical outpatient facilities in high-growth markets such as Austin,” said Nathan Riley, Principal, Asset Management, BGO. “Southwest Medical Village is a compelling example of the sustained demand for modern, patient-focused care settings. With Austin’s strong demographic momentum and rising demand for healthcare services, we see this property creating durable value for providers, patients, and the community at large.”
Chris Bodnar, Cole Reethof, and Brannan Knottin of CBRE's U.S. Healthcare Capital Markets partnered with Scott Carter and Brandy Spinks of CBRE’s Houston Healthcare Advisory Services to act as the exclusive advisors to the seller, Olympus Ventures.