Search
 

Medical Office Developer Plans 40,000-SF Project

THE WOODLANDS, TX-Barlett Medical Partners LP will buy six acres within 15 days for a second building at Pinecroft Medical Plaza. The developer, holding commitments for 30% of the class A space, plans to break ground in the summer.

By Jennifer D. Duell | Updated on March 14, 2005

THE WOODLANDS, TX-A local developer plans to buy another six acres within 15 days to expand Pinecroft Medical Plaza. The plan calls for a summer groundbreaking on a 40,000-sf second building in the development.

Developer Barlett Medical Partners LP already has commitments in hand for 30% of the class A space in Pinecroft Medical Plaza II, which will be 10,000 sf larger than the first building, Jeff Beard, president of the J. Beard Co. LLC of Houston, tells GlobeSt.com. The developer will buy the land at the crossroads of Six Pines and Pinecroft drives, as it did before, from the Woodlands Operating Co.

Pinecroft Medical Plaza II will deliver in spring 2006. According to an industry expert familiar with the project, the expansion will cost about $8 million based on a $200 per sf construction tab. The medical office space is being marketed at $19 per sf triple net.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.