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News Release: Just Sold & Financed – Hedwig Place

August 24, 2021

CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS

JUST SOLD & FINANCED

HEDWIG PLACE

HOUSTON, TX

TRANSACTION HIGHLIGHTS

DATE SOLD: 8/24/2021

SIZE: ±102,774 SF

Hedwig Place

CBRE Capital Markets | Healthcare and Life Sciences is pleased to announce the sale and placement of acquisition financing of Hedwig Place (the “Property”). Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger partnered with Brandy Bellow Spinks, Scott Carter and Nelson Udstuen in the Houston office to act as the seller’s exclusive advisors. Additionally, Sabrina Solomiany and Zack Holderman of CBRE’s Debt & Structured Finance group worked on behalf of the buyer to secure the acquisition financing.

Built in 2019, Hedwig Place is a Class A, five-story, 102,774-rentable square foot medical office building with an attached six-story parking structure located in the affluent Hedwig Village, 10 miles west of downtown Houston. The modern, trophy-quality facility features two ambulatory surgery centers, and is home to Texas ENT Specialists, Memorial Plastic Surgery, and Neurosurgical Group of Texas.

Hedwig Place’s location within Hedwig Village, part of the Memorial Villages, boasts some of the wealthiest demographics in the state of Texas. The thriving residential community is anchored by the “Energy Corridor,” so-called due to the numerous energy-related companies such as BP America, ConocoPhillips, ExxonMobil and Shell Oil Company that are located nearby. Hedwig Place provides convenient care to the surrounding community, which boasted the lowest medical office vacancy rates in Houston in 2020.

CBRE was able to arrange for acquisition financing with favorable terms including non-recourse, a lengthy interest-only period at a competitive interest rate with 100% additionally funding for tenant improvements and leasing commissions.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

For more information, please contact:

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

JORDAN SELBIGER
Senior Director
Investment Properties
+1 404 923 1259

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

ZACK HOLDERMAN
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

www.cbre.us/cm-healthcare

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