February 09, 2023
HOUSTON – Transwestern Real Estate Services (TRS) announces WellMed Medical Management, Inc. has signed a 14,281-square-foot lease at the soon-to-be-only Class A medical office building in the Heights neighborhood, HeightsMED. Transwestern Executive Managing Director Justin Brasell and Vice President Christian Connell represented the landlord, Wolf Capital Partners, in the transaction.
The 120,000-square-foot building located at 427 W 20th St. is currently undergoing extensive renovations. In addition to refreshing the streetscape, Wolf Capital Partners will reimagine the lobby and complete upper floor common area improvements. These enhancements drew WellMed to consolidate two of their Houston area locations to increase efficiencies, as the residential population is projected to expand in the immediate vicinity by more than 1.5% annually each year through 2027, according to Transwestern research.
“HeightsMED provides a reasonably priced yet luxury solution to healthcare tenants in the Heights,” said Brasell. “No space like this exists yet in the area, and it has forced medical offices into retail spaces that don’t necessarily meet the needs of specialty practices.”
WellMed Medical Management was represented in negotiations by Luke Campbell of Perron and Campbell, Inc.
Hi-res renderings available here.
About Wolf Capital Partners
Founded in 2019 in Houston, Texas, Wolf Capital Partners is a commercial real estate development firm dedicated to increasing value across all asset classes and contributing to the community. WCP believes in making a long-term positive impact on the communities it touches, and it partners with best-in-class people to do so.
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.
Executive Managing Director