Rainier Medical Investments (RMI), developer of the 80,000-square-foot medical office building attached to Texas Health Presbyterian Hospital Flower Mound, announced the signing of a 10-year 21,000-square-foot lease with U.S. Oncology/Texas Oncology.
“We are very pleased to have Texas Oncology as the anchor tenant in the Hospital’s medical office building,” said Daryn Eudaly, Executive Vice President of RMI. “The reputation and patient care that they provide is outstanding, and will be a great addition to this growing community.”
RMI officials said that Texas Oncology’s center will be a full service facility with medical oncology, radiation oncology, chemotherapy, and pharmacy to treat patients in and around Denton County.
The center will be located on the first floor of the medical office building.
“The River Walk expansion in Flower Mound will enable Texas Oncology to provide leading edge cancer treatment to patients in the area, while strengthening our relationship with Texas Health Resources,” said Dr. Steven Paulson, chairman and president of Texas Oncology.
“The new facility will serve as a gateway for patients to Texas Oncology’s growing cancer-fighting network, including experienced physicians, advanced technology, and clinical trials.”
“We are very excited about the announcement of Texas Oncology’s lease. There were concerns with the delays due to the acquisition of U.S. Oncology by McKesson Corporation. This is very positive news that they will be moving forward with the attached medical office building and will help drive the integration of the hospital and the surrounding medical community,” said Melissa Northern, Mayor of the Town of Flower Mound.
“The THR Presbyterian Hospital has proven to be a asset to providing our residents excellent health care close to home, as well as being a catalyst to our community and the addition of a cancer treatment center only serves to further strengthen what promises to be one of the area’s premier medical campuses.”
RMI is also starting a second project at the northeast corner of FM 2499 and Windsor Road, described as a 25,000-square-foot medical office/retail center that will allow groups to capitalize on the visibility of the traffic on Long Prairie Road. Two restaurants are planned for the first floor and retail-oriented medical groups are taking space on the second floor.