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Category Archives: Medical

Memorial Hermann Medical Building Sold in Texas Medical Center

HOUSTON – (Realty News Report) – LaSalle Property Fund has acquired the 28-story Memorial Hermann Medical Plaza in the Texas Medical Center. The seller, which opened the 510,000-SF property in 2007, is a partnership led by Mischer Healthcare, Memorial Hermann Health System and other investors. Scott Galloway, Colby Mueck and Rusty Tamlyn with HFF represented the sellers in the $405 ... Read More »

Medical Building Under Development in Katy Green

HOUSTON – (Realty News Report) – Wile Interests is developing the Medical Plaza West, a 70,000-SF Class A medical office building to be located in Wile’s Katy Green mixed-use development west of Houston. CBRE’s Brandy Bellow Spinks will lead the leasing effort on behalf of the developer, a Houston firm led by Randy Wile. Katy Green is located along the eastbound ... Read More »

New 277,000-SF Biotech Building in Pearland is Sold – World’s Largest Cell and Gene Therapy Manufacturing Facility

HOUSTON – (Realty News Report) – Zeller Realty Group has acquired the new Lonza Viral Therapy Facility, a, 276,770-SF biotechnology building on Kirby Drive in Pearland, south of Houston. HFF represented the seller, Pinchal & Co.  Additionally, HFF worked on behalf of Zeller, a Chicago-based investment and development firm to secure an acquisition loan through Bank of Texas. The facility ... Read More »

Medical Office Building Market is Healthy, Transwestern’s Johnson Tells ULI

HOUSTON – (Realty News Report) – The MOB (medical office building) market is strong in Houston and it’s getting stronger, says Eric Johnson, national director of healthcare at Transwestern. The MOB vacancy rate is about 11 percent but that should drop below 10 percent as newly built medical structures are delivered and absorbed, Johnson said last week, speaking at the ... Read More »

Heitman Buys Large Medical Portfolio with 7 Texas Properties

HOUSTON – (Realty News Report) – Heitman LLC, a real estate investment management firm, has acquired a 1.4 million SF medical office portfolio, which includes four properties in the Houston area and three in San Antonio. The 17-buildings, known as the PHT Portfolio, includes buildings in seven states. JLL represented the seller, Bentall Kennedy, on behalf of a state pension ... Read More »

Transwestern Retained to Lease Vivacity Medical District in Northeast Houston

HOUSTON – The Signorelli Co. has retained Transwestern to lease Vivacity Medical District, a 186-acre medical park in the 1,400-acre Valley Ranch community in northeast Houston. Transwestern’s Chris Wadley and Justin Brasell will lease the medical district. Located near the intersection of U.S. Highway 59 and Grand Parkway, the Valley Ranch will have 1,500 single-family homes, 3,000 multifamily units, 2.5 ... Read More »

Southeast Houston Medical Building Sold

HOUSTON – Colliers International reported the sale of a 12,300 square foot medical office building located at 150 FM 1959 in southeast Houston. Beth Young and Marshall Clinkscales of Colliers International represented the seller in the transaction, WHGS Holdings Co. LLC dba Coastal Surgical Group. The purchaser was represented by Cameron Crouch of Gulf Coast Properties. The property was built ... Read More »

ObamaCare and $3 Billion in Construction: Q&A with Matt Gilbert of Transwestern Houston

  HOUSTON – During this turbulent political season, the Affordable Care Act (ACA), also known as ObamaCare, has been in the spotlight. So what does this mean for Houston, which boasts the world’s largest medical center. To find out, Realty News Report spoke with industry expert Matt Gilbert, who joined Transwestern’s Houston Healthcare Advisory Team as vice president in October. ... Read More »

Two Texas Medical Center Buildings (673,000 SF) Sold to Texas Children’s Hospital

HOUSTON – Texas Children’s Hospital has acquired two major properties in the Texas Medical Center – including a 27-story tower developed by Hines – from Baylor St. Luke’s Medical Center. The two buildings – with a combined 673,000 SF – are the purchase of the Baylor Clinic Building located at 6620 Main St. and the O’Quinn Medical Tower at 6624 ... Read More »

CBRE: 42 Percent Job Growth Creates Demand for Medical Office Space in Houston

HOUSTON – More than 600,000 SF of medical office space will be completed and delivered in the Houston area over the next year, as developers respond to growing medical employment growth, according to CBRE. CBRE Research in Houston has initiated analysis of Medical Office Buildings. Healthcare employment in the Houston area has grown by 42 percent over the last decade, ... Read More »

Colliers Assists Woodside in its Medical Office Acquisition Quest

MISSOURI CITY, Texas – Rotunda Medical Properties, LP, an entity of Woodside Health/Crescendo Commercial Realty, made its first purchase in the fast-growing Sugar Land submarket of Houston Texas according to their broker Beth Young, senior vice president of Colliers International’s Houston office. Woodside has other properties under contract and is looking to acquire more, said Ted Barr, principal of the ... Read More »

Round Rock Medical Facility Sold for $115 Million

ROUND ROCK, Texas – St. David’s HealthCare purchased the 146,997-SF Forest Park Medical Center hospital, along with a 79,708-SF medical office building and 508-space parking garage, for $115 million. FPMC Austin Realty Partners built the facility in 2015 on 8.5 acres in the fast-growing Austin suburb of Round Rock. Scott Herbold, with CBRE Capital Markets’ Investment Properties – Texas Healthcare, ... Read More »

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