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Texas  + Office  | 

LaSalle Claims Trophy 28-Story Houston MOB

LaSalle Investment Management acquired Memorial Hermann Medical Plaza, a trophy medical office tower in Houston, on behalf of LaSalle Property Fund, its U.S. core open-end real estate fund. The seller, which opened the property in 2007, is a partnership comprising Mischer Healthcare, Memorial Hermann Health System and other private investors.

The 28-story, 510,000-square-foot, Class A+ medical office building is prominently located in the Texas Medical Center, a 2.1-square-mile medical district and the world’s largest medical complex, comprised of more than 60 member institutions, six major hospital campuses and more than 50 million square feet of healthcare, educational and research space.

The state-of-the-art facility boasts an iconic design with highly-efficient modern construction, retail amenities, TMC campus connectivity and a 13-level integrated parking garage. The 99%-occupied property’s anchor tenant is Memorial Hermann, one of the largest not-for-profit healthcare systems in Southeast Texas.

HFF’s Scott Galloway, Colby Mueck and Rusty Tamlyn represented the sellers.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition