Big Sky Medical Buys Three Houston-Area MOBs

The three medical office buildings are all leased to Memorial Hermann Health System on long-term leases. Big Sky Medical acquired the three-property portfolio that totals 110,636 square feet in the towns of Katy, Spring and League City. Commercial Edge reports the deal included a $28.9 million acquisition loan, provided by Siemens Financial Services.

In 2016, Siemens Financial Services originated two construction loans totaling $16.8 million for the properties in Spring and League City and an $11.1 million acquisition loan for the asset in Katy.

The medical facilities came online between 2014 and 2017. The low-rise, Class B buildings range between 30,000 and 44,000 square feet. The facilities offer 24-hour Level 1 trauma emergency care, primary care, breast care, sports medicine and rehabilitation, as well as imaging. The League City clinic also offers medical services such as orthopedics, cardiology and gastroenterology.