Houston, TX, April 6, 2018 – Cambridge Properties, United General Hospital and NAI Partners’ Landlord Services division have completed the largest lease yet at 7501 Fannin, with United General Hospital committing to a 44,569-sq.-ft. lease at the 195,000-sq.-ft. Class A medical building in the Texas Medical Center. Zach Leger, Jacob Aldridge and Rani Jones of NAI Partners’ Landlord Services division represented Cambridge Properties, and David Greenberg at Greenberg & Company represented United General Hospital in the transaction.
Built in 2004, 7501 Fannin still has availabilities for full-service acute care services in the space that previously housed the University General Hospital—and was later acquired by Foundation Surgical Hospitals and operated in that location until early 2017. NAI Partners’ Office Project Leasing team of Zach Leger, Jacob Aldridge and Rani Jones were awarded the exclusive leasing assignment late last year by Cambridge Properties, and moved swiftly to increase occupancy.
“This lease backfills a significant portion of the vacancy left by the bankruptcy of Foundation Surgical Hospital, and boosts occupancy at 7501 Fannin by almost 25%,” said Mr. Leger. “United General Hospital is planning on providing a variety of short-term acute care services and should be operational by this fall.”
“We couldn’t ask for a better location right in the Medical Center, and the upgrades Cambridge has made to the facility—including replacing the HVAC systems—made 7501 Fannin an easy choice for us,” said Syed Mohiuddin of United General Hospital.
“Cambridge Properties is delighted to have United General Hospital join our medical campus,” said Trey Miller, Real Estate Manager for Cambridge Properties. “They will complement the many specialties offered in the building and on the campus as a whole. We look forward to their continued success.”
This lease is yet another win under NAI Partners’ Landlord Services Division Office Project Leasing team’s belt. The group has rapidly grown its leasing portfolio—notable recent additions include 13831 Northwest Freeway (155,000 sq. ft.); Kingwood Place I-IV (200,000 sq. ft.), Vibe™ Hobby (178,000 sq. ft.), 16430 Park Ten Place (110,000 sq. ft.), and 2855 Mangum (82,000 sq. ft.), among other buildings. The OPL team is also responsible for the leasing of 2656 South Loop West, which last year was the most active property in the South Main/Med Center Submarket.
The Landlord Services division of NAI Partners, dedicated to serving landlords and investors across Houston, Austin and San Antonio, offers a comprehensive suite of services and capabilities to its clients, including Office Project Leasing, Retail Project Leasing, Property & Asset Management, Project & Construction Management and Investment Sales. Our value proposition in both the private investment and public company environments is our ability to offer our services from an owner’s perspective in all the product types and life cycles of commercial real estate.
For additional information regarding 7501 Fannin or NAI Partners’ Landlord Services division, please contact James Tainter, Managing Director at 713.629.0500.
About NAI Partners
NAI Partners is the 5th-largest Houston-Area Commercial Real Estate Brokerage, the #1 Mover of Square Feet among leasing and sales brokerages, the largest independently owned and among the largest owner-operated commercial real estate firms in Houston, Texas, per The Houston Business Journal. NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state of Texas; and can leverage the power of the NAI Global network to arrange deals in any location throughout the world. NAI Partners employs more than 100 real estate professionals, and arranges more transactions than any of its competitors, completing over 500 commercial lease and sale arrangements every year. NAI Partners is a full-service firm offering client leasing and sales solutions in the areas of office tenant representation, office landlord representation, industrial tenant representation, industrial landlord representation, landlord services, retail services, property management, investment sales, an investment fund, and project management, among other services. The company has been named a Best Place to Work by both the Houston Chronicle and Houston Business Journal, and is among the University of Houston’s Cougar 100 Fastest-Growing Companies.
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