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.