Alliance Goes All in for Med Assets in TX Triangle
Due to an increasing population influx, medical office continues to take center stage across the state. A recent example is Alliance Consolidated Group of Companies’ acquisition of two net-leased medical properties in College Station and Brenham, TX. Alliance purchased the 16,097-square-foot portfolio from a private seller for $6 million.
The first asset is located at 1730 Birmingham Rd. in College Station. Comprising 12,958 square feet, the two-tenant property is leased to Texas ENT & Allergy, CHI St. Joseph and Texas A&M Health Network. The other property, located at 539 Medical Parkway in Brenham, is 3,139 square feet and fully leased to Texas ENT & Allergy.
“The population explosion in Texas over the past decade has led to increased demand for class-A and -B medical properties,” said Ben Reinberg, founder and CEO of Alliance. “This deal continues our expansion into a state where sustained economic growth and a friendly tax environment continue to fuel private investment.”
College Station is a strong healthcare market at the heart of the Texas Triangle with a 95 percent insured population. Meanwhile, Brenham is poised to grow into a prominent medical destination for the surrounding region, especially as its proximity to both Austin and Houston offers providers access to more than 4 million residents.
Michael Moreno, vice president and senior director of healthcare at Matthews Real Estate Investment Services, represented the private seller in the transaction.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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