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February 10th, 2012 - Kelley Chambers

Texas company plans senior center in Norman



StoneGate Senior Living, based in Lewisville, Texas, purchased 6.7 acres of land in the ever-expanding NRH Medical Park West in Norman for $1.9 million.

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The development is at N.W. 36th and Tecumseh Road just west of Interstate 35 adjacent to Norman Regional Health System’s HealthPlex hospital.

The senior health care and housing provider company operates 29 properties in Missouri, Oklahoma and Texas. Plans for Norman call for a post-acute rehabilitation and skilled care center licensed to care for 106 patients. It will focus on short-term patients who have been discharged from the hospital but require additional rehabilitation before going home. It will include 44 private suites, 31 shared suites, and a large gym to handle occupational, physical and speech therapies. Long-term care options will also be available.

Judy J. Hatfield (pictured), with Equity Commercial Realty LLC, was the listing broker and Dan Wigington was the selling broker for the transaction. Rhonda Collett with Cleveland County Abstract handled the closing.

 Judy Hatfield photo by Mark Hancock

 
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