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Henry S. Miller Brokerage Negotiates the Purchase of Rezoned Site for Medical Office Development

DALLAS, TX - January 21, 2009 -- Henry S. Miller Brokerage’s medical real estate specialist, Matt Anding, Vice President of Dallas’ Office/Industrial division, recently arranged the acquisition of 1.977 acres in Murphy, Texas for clients, Dr. Deepika Minnal and Dr. Ramarao Lankipalli. The site was previously zoned for residential use, but with the sudden burst of retail development in the area; the two acre property has been rezoned for office/retail development. The doctors will initially develop and construct a 5,000 – 6,000 square foot medical office condominium and plan to eventually build three to four additional buildings offering 5,000 – 10,000 square feet. Currently the doctors have arranged pediatric and cardiologist practices to lease space once completed. The property is situated at 615 FM 544 in Murphy, Texas minutes from a boom of new retail development, including the brand new Murphy Marketplace anchored by Sprouts Farmers Market grocer. Representing the buyers, Dr. Deepika Minnal and Dr. Ramarao Lankipalli, was Matt Anding of Henry S. Miller Brokerage, LLC. The seller, Andy Bugh, was represented by Doug Carignan of Jones Lang LaSalle.

Dallas-based Henry S. Miller Brokerage, LLC is Texas’ largest independent full service commercial real estate firm, with six offices in Texas along with offices in Florida and Kansas City. Established in 1914, it is one of the oldest and most respected companies in Texas and has gained a reputation for service and integrity that is unequaled in the industry. Henry S. Miller Brokerage is a member of Realty Resources Network, one of the largest affiliations of commercial real estate firms in the nation.  Visit HSMC online for more information:    www.henrysmiller.com