News & Analysis: A Texas-sized lease deal

MEMORIAL HERMANN TAKES MORE THAN 800,000 S.F.

By Murray W. Wolf

As the largest not-for-profit healthcare provider in one of the nation’s largest cities, Memorial Hermann Healthcare System has shown a preference for maintaining direct control of its millions of square feet of on-campus medical office space across the Houston area.

The only one of its 11 hospital campuses where it doesn’t already oversee physician office space is Memorial Hermann Memorial City Medical Center in west Houston.

But that is about to change. Memorial Hermann has reportedly entered into a 35-year master lease with MetroNational Corp. for more than 800,000 square feet in five buildings at its Memorial City campus.

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