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Medical Demand Drivers Continue to Follow the Norm

Institutional investors continue to focus on well-located, stable medical office assets that are aligned with major healthcare systems as well as highway frontage and surrounding retail in Houston.

TX Childrens MOB TX Children’s Hospital MOB is occupied by medical practices including Texas Children’s Pediatrics.

HOUSTON—In another example of the recession-resistance nature of medical office assets, a medical office building has found a new owner. The Texas Children’s Hospital medical office building, a 25,000-square-foot class-A multi-tenant medical building, has sold to Healthcare Trust Inc., based in New York. The seller was an affiliate of Stage Equity Partners, a real estate investment firm based in Skokie, IL. Financial terms were not disclosed.

Avison Young principals Mike Wilson, Erik Foster, Jim Kornick and Chip Ryan, members of the firm’s national healthcare capital markets group, along with Avison Young principal Darrell Betts in the Houston office, represented the owner.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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