The JLL Healthcare Capital Markets Group is pleased to announce the sale of Imperial Medical Center, a 128,819 square-foot, Class A medical office building, located in the affluent Sugar Land submarket of Houston, Texas. Steve Leathers of the JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor. The buyer was a joint-venture between Pisula Development Company and Harrison Street Real Estate Capital.
The sale included the Class A medical office building which is approximately 89% occupied by 29 tenants. Anchor tenants include the Hospital for Surgical Excellence of OakBend Health System and Memorial Hermann Health System. The Property was substantially renovated from 2010 through 2015 and benefits from a prominent off-campus location within five miles of three acute-care hospitals in one of the largest and fastest growing metropolitan areas in the nation.
Property Summary
Property type: Medical office
Sale date: June 2, 2016
Building size: 128,819 s.f.
Occupancy: 91%
For more information on this sale, or if we can help with your healthcare real estate needs, please contact us.
Contact Information
Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com
Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com
Daniel Turley
Senior Vice President
+1 617 316 6521
daniel.turley@am.jll.com
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