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News Release: CBRE arranges sale of clinical research facility in San Antonio

FOR IMMEDIATE RELEASE

Contact:
Emily Fraser
512 499 4989
Emily.Fraser@cbre.com

The four-story building at 5109 Medical Drive was constructed in 2008. (Photo courtesy of CBRE)

SAN ANTONIO – November 27, 2017 – CBRE Capital Markets announces the sale of an 80,000-sq.-ft. specialty medical building on the CHRISTUS Santa Rosa medical center campus in San Antonio. PPH Real Estate, LLC, a partnership of local physicians and investors, purchased the building at 5109 Medical from Stream Realty Partners for an undisclosed price.

Scott Herbold of CBRE Capital Markets’ Investment Properties, Healthcare, arranged the sale on behalf of Stream Realty Partners.

The four-story building at 5109 Medical Drive was constructed in 2008 on a long-term ground lease with CHRISTUS Health. It was specially designed and built for overnight clinical research studies for pharmaceutical R&D. The buyer is working with CHRISTUS to bring additional services to their medical center campus.

The facility is highly finished and includes 38 semi-private rooms for 100 patient beds and 22 restrooms, a clinical laboratory and a pharmacy.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.

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