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Tomball Med Tower Picked by MedProperties
MedProperties Realty Advisors has acquired Medical Center of Tomball, a 61,660-square-foot newly constructed medical office building in Tomball, Texas. Bryant + Stacy Group developed and sold the Class A asset.
Commercialsearch.com reported the buyer financed the purchase with a $24.6 million loan. The property was 92 percent leased at the time of sale; its anchor tenants, Village MD and Memorial MRI, occupy 50 percent of the rentable space under long-term leases.
Services provided include primary care, MRI and diagnostic imaging, orthopedics, gastroenterology, nephrology, pain management and behavioral health.
The property is close to a variety of medical centers such as HCA Houston Healthcare Tomball, Gastroenterology Diagnostic Center, Texas Orthopaedic & Sports Medicine and Millennium Physicians Radiation & Diagnostic Center.
Bryant + Stacy Group broke ground on the three-story facility in 2021, in partnership with Global Healthcare Partners. BOKF Bank provided a construction loan of $16.4 million for the project in 2020, according to CommercialEdge data.
- ◦Sale/Acquisition
