Houston Medical Building Picked by Big Sky Medical
Big Sky Medical has made its second investment in the Houston market with the acquisition of Greenpark One, a 134,910-square-foot medical office building. Healthcare Realty Trust sold the property.
The purchase is one of the four transactions, totaling 382,509 square feet, that Big Sky closed on the same day. Apart from Greenpark One, the firm bought Westinghouse Building at Providence Park, a life science facility in College Station, Texas, from Oldham Goodwin Capital. The acquisition of both properties was financed with a $190 million loan, originated by Capital One. The other two assets were medical office buildings in Salisbury, Md.
Completed in 1984, Greenpark One was renovated in 2011 and the new owner intends to enhance the property’s facilities through a capital improvement plan. The eight-story building is 5 miles from downtown Houston. The tenant roster includes Memorial Hermann Surgery Center, DermSurgey Associates, Eating Recovery Center and Texas Oncology Center, among others. Transwestern will oversee leasing at the property.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.