CBRE Capital Markets | Healthcare
Just Closed
CHI St. Luke’s Health Sugar Land Medical Plaza
Sugar Land, Texas
Sale Date: 7/19/2019
Property Size: 120,596 SF
Occupancy: 81.7%
CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the CHI St. Luke’s Health Sugar Land Medical Plaza (the “Property”), located in Sugar Land, Texas. Shane Seitz, Chris Bodnar, Lee Asher, Ryan Lindsley and Sabrina Solomiany partnered with Nelson Udstuen in the Texas market to act as the seller’s exclusive advisors.
The Property is a five-story, 120,596 rentable square foot, on-campus medical office building with the majority of the tenancy leased by CHI St. Luke’s Health and The University of Texas – MD Anderson, and the remainder of the building leased by strategic medical practices affiliated with the hospital. The Property is located on the CHI St. Luke’s Hospital – Sugar Land campus in Sugar Land, Texas and is attached to and prominently integrated into the hospital and campus plan.
CHI St. Luke’s Health is a wholly owned and operated subsidiary of Catholic Health Initiatives (CHI), one of the nation’s largest health systems, with an investment grade rating of Baa1 by Moody’s Investors Service. CHI and Dignity Health (Moody’s A3) have signed a definitive agreement to combine and create a new Catholic health system that, if completed, would encompass 139 hospitals and more than 700 sites of care across 28 states. The University of Texas, MD Anderson Cancer Center is one of the world’s largest and most respected centers devoted exclusively to cancer patient care, research, education and prevention. The University of Texas has an investment grade rating of Aaa by Moody’s Investor’s Services.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
SHANE SEITZ
Senior Vice President
Debt & Structured Finance
+1 303 583 2033
CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711
LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965
RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745
SABRINA SOLOMIANY
Senior Director
Investment Properties
+1 404 536 5054
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