HFF named to market for sale 11-building medical office portfolio in Houston, TX area

  

Michael Bennett

CHICAGO, IL – HFF announced it has been named to market for sale an 11-building, on-campus medical office portfolio totaling more than one million square feet of net rentable area throughout the Greater Houston area.

                HFF has been retained on an exclusive basis to market the offering on behalf of the seller, Memorial Hermann Health System.  

The buildings will be leased back to the seller on a long-term, absolute net lease basis once the sale is completed.

                The Memorial Hermann buildings included in the portfolio are: Northwest Medical Plaza 1 (96,953 square feet), Northwest Medical Plaza 2 (50,272 square feet), Southeast Medical Plaza 1 (98,449 square feet), Southeast Medical Plaza  2 (98,611 square feet), Southwest Medical Plaza  1 (171,607 square feet), Southwest Medical Plaza  2 (169,223 square feet), Southwest Medical Plaza  3 (136,694 square feet), Southwest Medical Plaza  4 (131,806 square feet), Woodlands Medical Plaza  1 (37,796 square feet), Woodlands Medical Plaza  2 (92,911 square feet) and Woodlands Medical Plaza  3 (117,295 square feet).

Evan Kovac

                The HFF team representing the seller is led by managing directors Michael Bennett, Colby Mueck, Phil Mahler and Evan Kovac and director Jack Dudick.

                An integrated health system, Memorial Hermann is known for world-class clinical expertise, patient-centered care, leading edge technology and innovation. 

The system, with its exceptional medical staff and more than 20,000 employees, serves to advance health in Southeast Texas and the Greater Houston community.  

Memorial Hermann’s 12 hospitals include three hospitals in the Texas Medical Center, including the Texas Trauma Institute – a level I trauma center which houses the Life Flight® air ambulance – a hospital for children and a rehabilitation hospital, eight suburban hospitals and a second rehabilitation hospital in Katy. 

The system also operates three Heart & Vascular Institutes, the Mischer Neuroscience Institute, two Ironman Sports Medicine Institute locations, cancer centers, imaging and surgery centers, sports medicine and rehabilitation centers, outpatient laboratories, a chemical dependency treatment center, a home health agency, a retirement community and a nursing home. 

Jack Dudick

As an Accountable Care Organization, the system also offers employers health solutions and health benefit plans through its wholly owned Memorial Hermann Health Solutions, Inc. and Memorial Hermann Health Insurance Company.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com