The 129,250-square-foot medical office property is situated within Houston's Inner Loop.
HOUSTON—Houston is one of the top markets for new medical office space and vacancy rates remain low while rents are pushing upward, according to reports from CBRE. With that top-of-market awareness at the forefront, financing is following suit.
A recent example is Berkadia arranging joint-venture equity for a 129,250-square-foot medical office building in Houston's Heights neighborhood. The property was purchased by an affiliate of Simpkins Group Inc., a commercial real estate development and investment firm based in Houston.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
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.
