HOUSTON, Aug. 6, 2018 – JLL today announced the firm has been selected by LaSalle Investment Management to lease and manage 6400 Fannin Street, a 510,000-square-foot ultra-core, trophy medical office building (MOB) within the world’s largest medical complex, the Texas Medical Center (TMC). One of the nation’s largest medical office buildings, the Class A+ building connects by skywalk to Memorial Hermann’s flagship hospital at the Texas Medical Center.
JLL’s Chris Wadley, Tim Gregory and Emily Asmus will lead leasing and marketing efforts on behalf of LaSalle Investment Management. Karen Tucker will be responsible for property management of the building.
“6400 Fannin is the foremost medical office building within the largest medical center in the world,” said Wadley, JLL’s Houston Healthcare and Life Sciences Lead. “We couldn’t be more excited to partner with the new ownership and champion this acclaimed facility that is used for the care of thousands of patients annually.”
Built in 2007, the 28-story multi-tenant building encompasses tenants representing a broad spectrum of medical specialties including endoscopy, radiation therapy, diagnostic laboratories and digestive diseases. The building also features a 2,200-car enclosed parking garage, retailers including Starbucks and Walgreens Pharmacy, and TMC campus connectivity.
Situated at the gateway to the Texas Medical Center, 6400 Fannin is adjacent to Rice University and Hermann Park, and offers direct access to the Houston Metro Rail. The building is widely known for its illuminated crown, which has become a trademark feature of the TMC skyline.
With the addition of 6400 Fannin, JLL has expanded on its significant healthcare and life sciences management footprint, which includes top-tier facilities owned by Texas Children’s Hospital, Texas Medical Center, Kindred and private institutional owners. The firm’s Class A healthcare and life sciences footprint in the Texas Medical Center now exceeds 2.3 million square feet.
“We are pleased to partner with LaSalle Investment Management to provide property management services at this premier asset,” said Property Management Managing Director Peyton Collins.
“We will apply the healthcare expertise of our local team, as well as JLL’s global platform, to ensure this property operates at the highest level, allowing the building’s tenants to focus on their core competencies of patient care and medical innovation.”
JLL Healthcare enhances the patient experience, improves clinical outcomes and drives financial performance through real estate and facilities solutions. As a leading provider of healthcare facility management services with 540 hospital clients, JLL’s team of 1,500 dedicated professionals supports 343 million square feet of healthcare facilities. JLL executes more than $1 billion annually in capital markets transactions serving investor and provider clients with capital solutions such as investment sales, financing, monetization, development advisory and debt and equity capital raise. For further information, visit www.us.jll.com/healthcare.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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Contact: Cathy Vancura
Phone: +1 713 425 5865
Email: Cathy.Vancura@am.jll.com
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