Transwestern Represents Seller of Fully Leased Medical Office Building
August 21, 2019
HOUSTON – Transwestern Commercial Services (TCS) today announces it negotiated the sale of Town Center Medical, a Class A building totaling 29,903 square feet at 16545 Southwest Freeway in Sugar Land, Texas. The property is directly across from Houston Methodist Sugar Land Hospital, a 319-bed general acute care hospital specializing in cardiology, oncology, sports medicine and women’s care.
Eric Johnson, Robby Winston, Lisa Bovermann and Brooks Creech of the TCS Healthcare Advisory Services group represented the seller.
“The Town Center Medical disposition highlights the robust demand for stabilized, on-campus medical office buildings in the Houston Metro area,” said Winston. “Sophisticated healthcare real estate investors continue to be optimistic about long-term yields from core medical office assets.”
Town Center Medical is currently 100% occupied. The anchor tenant is Houston ENT and Allergy, one of the largest and oldest ear, nose and throat groups in the nation.
The TCS Houston healthcare team has executed 522 healthcare transactions during the last 24 months and more than 2,000 transactions during the past five years. This project brings the team’s healthcare leasing and management portfolio to 82 properties totaling more than 5.5 million square feet on behalf of some of the largest healthcare institutions in the country.
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has
34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.