Medical Center of Tomball sells to new investor
JLL Capital Markets assists in sale of a Class A, medical office building in Tomball, Texas
DALLAS, June 21, 2023 – JLL Capital Markets announced today that it arranged the sale of Medical Center of Tomball, a newly constructed, Class A medical office building totaling 61,660 square feet in the northern Houston suburb of Tomball, Texas.
JLL represented the seller, a partnership of Bryant + Stacy Group and Global Healthcare Partners, and procured the buyer, MedProperties Realty Advisors.
Built in 2022, Medical Center of Tomball is currently 94% occupied by a diverse mix of medical specialists, including primary care, diagnostic imaging, orthopedics, gastroenterology, nephrology, pain management, behavioral health and on-site pharmacy.
The Class A medical office building is located within a thriving medical cluster less than one mile from the 350-bed HCA Houston Healthcare Tomball hospital, the only hospital serving the immediate area. The property is ideally positioned within a high-growth and demographically attractive submarket, and it provides convenient access for patients and visitors from the Tomball Tollway, connecting Tomball to downtown Houston.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Brian Bacharach, Managing Director Kevin McConn, and Director Vasili Davos.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.