News Release: Medistar and Healthcare Trust of America, Inc., Break Ground on Horizon Tower and Top Out Life Tower at Texas A&M Innovation Plaza in Houston

For Immediate Release

Horizon Tower will Offer Class A Life Sciences and Medical Space, Life Tower will Include Student Housing Beds

HOUSTON, August 5, 2021 – Medistar Corp. and Healthcare Trust of America, Inc., have broken ground on Horizon Tower, a new life sciences and medical building, have topped out Life Tower, a student housing tower, at Texas A&M Innovation Plaza in Houston, adjacent to Texas Medical Center (TMC), the largest medical center in the world.

Horizon Tower, slated for delivery in early 2023, will include 17 stories of life sciences and medical space with three floors offering 38,000-square-foot floorplates and 14 stories providing 28,000-square-foot floorplates, all with visibility and access from Main Street, Holcombe Boulevard and Fannin Street. Horizon Tower will sit atop a 13-story, 2,700-space parking structure, as well as 15,000 square feet of ground-floor retail.

The building has emergency power for mission-critical applications, appliances and apparatuses, and access to vertical and horizontal pathways for specialized venting and infrastructure routing. It is the first medical/life sciences building in the world to offer Integrated Viral Protection’s (IVP) HVAC-integrated and mobile biodefense systems to continually provide unrivaled safety and indoor air quality for tenants and guests.

Life Tower totals 19 stories of student housing including 483 one-, two- and four-bedroom units and is slated to deliver in the summer of 2022, with move-ins available for the 2022 academic year.

“Our rise in prominence – especially within the health care arena – is reflected with the aggressive expansion of Texas A&M System properties near the Texas Medical Center,” said Chancellor John Sharp of The Texas A&M University System. “The members of the Board of Regents and I are thrilled see the progress here, and we are honored to provide services to the community and much-needed housing and office space for our students and medical professionals.”

Located on five acres at the intersection of Holcombe Boulevard and Main Street, Texas A&M Innovation Plaza also includes Discovery Tower, an 18-story, 280,000-square-foot academic building anchored by Texas A&M’s Engineering-Medicine (EnMed) program – centered by nearly an acre of open-air greenspace with terraces, water features and abundant landscaping to create a vibrant and highly differentiated campus environment.

Cushman & Wakefield Executive Vice Chairman Tim Relyea, Executive Managing Director William Hartman, Executive Managing Director Morgan Relyea Colt and Associate James Gale are leasing Horizon Tower, targeting life sciences and medical device/technology companies. CIM Group provided construction financing, Harvey Commercial General Contracting is the general contractor and Kirksey Architecture is the architect.

About Medistar Corp.

Founded in 1974 by CEO Monzer Hourani, Medistar is a Houston-based national real estate company that for 47 years has focused primarily on the development of medical and healthcare-aligned projects. While Medistar’s history spans several hundred projects and billions of dollars’ worth of development, we are best known by our creativity, persistence and loyalty – not only to our clients and partners, but to the communities in which we work. For more information, visit www.MedistarCorp.com or follow us on LinkedIn at https://www.linkedin.com/company/medistar-corporation.

About HTA

Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, comprising approximately 25.6 million square feet of GLA, with $7.5 billion invested primarily in medical office buildings as of March 31, 2021. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly-desirable locations. Investments are targeted to build critical mass in 20 to 25 leading gateway markets that generally have leading university and medical institutions, which translates to superior demographics, high-quality graduates, intellectual talent and job growth. The strategic markets HTA invests in support a strong, long-term demand for quality medical office space. HTA utilizes an integrated asset management platform consisting of on-site leasing, property management, engineering and building services, and development capabilities to create complete, state of the art facilities in each market. This drives efficiencies, strong tenant and health system relationships, and strategic partnerships that result in high levels of tenant retention, rental growth and long-term value creation. Headquartered in Scottsdale, Arizona, HTA has developed a national brand with dedicated relationships at the local level.

Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its stockholders that have outperformed the US REIT index. More information about HTA can be found on the Company’s Website (http://www.htareit.com), Facebook, LinkedIn and Twitter.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

-END-

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In