(JANUARY 6, 2015 – HOUSTON) – Transwestern’s Houston headquarters today announces it has been awarded the leasing assignment by Mischer Investments, LP for Cypress Creek Lakes, a 29,000-square-foot medical and office development that will be located in Cypress, just northwest of Houston. Construction will commence at 19414 Cypress N. Houston Road when the project is 50 percent preleased. Transwestern Medical Leasing Associate Ashley Cassel will lease the property on behalf of the developer and owner, Mischer Investments.
“We are excited to market this Class A medical office project in such a sought after location,” said Cassel. “The payer mix and insured population in this area will draw top-level physicians to the development, especially as average household income and number of projected households continues to grow exponentially.”
The two-story medical office project will be at the southeast corner of Fry Road and Cypress N. Houston Road, directly across from the main entrance to the Bridgeland master-planned community. The property will feature covered parking, a covered patient drop-off and a modern two-story lobby with abundant natural light. In addition to this project, Mischer developed the existing retail center just north of the site and the surrounding Cypress Creek Lakes residential subdivision.
“The quality of life for families can’t be beat in this area of Cypress,” said Randy Corson, vice president of Mischer Investments. “It has grown so much and offers everything from national retailers and restaurant chains to locally owned boutiques and dining spots. We feel this development will offer an opportunity for additional businesses to serve this great community.”
The predominantly residential area within a five-mile radius of the development experienced nearly a 200-percent growth in population between 2002 and 2013. In addition, residential development continues nearby in the Bridgeland, Canyon Lakes West, Town Lake and Cypress Creek Lakes communities.
ABOUT MISCHER INVESTMENTS
For over 65 years, Mischer Investments has become synonymous with shaping communities and enriching lives. Mischer-related entities invest in and develop a wide variety of projects including planned communities, residential developments, commercial developments, mixed-use development, land investments and health care investments. For more information, please visit mischer.com and follow us on Twitter: @MischerTX.
ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 38 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern and @TranswesternHOU.
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