SAN ANTONIO, TX— Matthews™, a commercial real estate investment services and technology firm, completed the sale of GI Alliance, located at 855 Proton Road in San Antonio, Texas. Matthews™ Senior Vice Presidents & Senior Directors Rahul Chhajed, Michael Moreno, and Vice President & Director Tyler Swade represented the seller in the transaction.

 

“We are happy to announce the closing of a single-tenant ASC directly adjacent to the Methodist Hospital Stone Oak,” Chhajed said. “The 12,719-square-foot property is operated by Gastroenterology Consultants of San Antonio, an affiliate of GI Alliance, one of the leading independent gastroenterology practice management companies in the country.”

 

Executed as a direct, off-market transaction between two institutional healthcare groups, the Matthews™ agents leveraged their deep industry relationships to bypass a traditional bidding process. The seller, a repeat client of the firm, was motivated by the buyer’s high probability of execution and a competitive offer. Conversely, the buyer sought to acquire institutional-quality real estate with a high-caliber operator in a premier Texas market. By aligning these two active market participants, the Matthews™ agents ensured a seamless execution from start to close.

 

“This is a property with great real estate fundamentals, and both the seller and buyer are very active players in the healthcare space, so we knew that both parties would work diligently to ensure a successful close,” Moreno said.

 

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 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.