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Texas  + Houston-Galveston  + Healthcare  | 

Stan Johnson Company Arranges Sale Of 4-Building Medical Office Park North Of Houston, Texas

Stan Johnson Company, a commercial real estate leading investment sales brokerage firm, has completed the sale of a four-building medical office park located at 4701 Farm to Market 2920 in Spring, TX. Combined, the properties total 20,191 square feet, and at the time of sale, the complex was 83 percent leased.

Evan Altemus of Stan Johnson Company represented the seller, a Texas-based developer. The property was purchased by an individual investor from Houston, Texas for an undisclosed price.

Investment demand for Houston multi-tenant properties continues to be high with both Texas-based investors and also national investrors due to the continued population and business growth,” said Altemus, associate director in Stan Johnson Company’s Dallas, Texas office. “Competitive offers were received from both in-state and out-of-state investors, and this asset was unique because of its high-quality construction and ability for an owner to easily divide each building into a variety of different floorplans.”

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Sale/Acquisition