Real Estate Company to Remain Active Under New Ownership
November 02, 2022
HOUSTON – Transwestern Real Estate Services (TRS) announces its Houston Healthcare Advisory Services team has brokered the sale of River Oaks Medical Center, a 37,786-square-foot Class B medical office building in Greenway Plaza. Transwestern’s Executive Managing Director Justin Brasell represented the seller, Enclave Management, in the disposition of the asset.
“In addition to River Oaks Medical’s high-profile location on Hwy 69, the building houses two highly respected ambulatory surgery centers included in its tenant roster,” said Brasell. “Both ASC’s have long-term lease commitments providing the new owners, Ridgeline Capital and their investors, years of dependable cash flow.”
The property will stay in the Transwestern family, as Ridgeline Capital Partners has retained Transwestern’s Vice President Sarah Carter and Associate Elise Pantazis to provide leasing services for the building. Transwestern has also been hired for property and construction management services as Ridgeline Capital Partners has a nearly 10-year relationship with Transwestern, leasing and managing a variety of its Houston assets.
“Ridgeline is glad to add the River Oaks Medical Center to its growing portfolio in Houston,” said Jeff Axley of Ridgeline Capital Partners. “We appreciate Transwestern’s expertise in leasing and property management, taking the property to greater heights under our ownership.”
Located at 4120 Southwest Freeway, the project offers immediate proximity to patients in Bellaire, Greenway Plaza, the Galleria, River Oaks, and West University with a less than 10-minute drive. The two-story property includes ample parking and covered patient drop-off.
Additional upgrades to the asset are currently being evaluated by the new ownership.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.