Houston – May 13, 2026 – CBRE facilitated the sale of Bellaire Medical Plaza, a 57,988 sq. ft. medical outpatient building (MOB) located at 5420 Dashwood Drive, Houston, Texas, to Edloe Ventures. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Brandy Bellow Spinks and Max Lozmack of CBRE’s Houston Healthcare Leasing team along with Scott Carter to act as the exclusive advisors to the
seller.
Bellaire Medical Plaza is a three-story, multi-tenant MOB centrally located within the Houston MSA in Bellaire, Texas. The property secured anchor health system tenancy in 2023, with Legacy Community Health, the Texas Gulf Coast regional health system. Other tenants include investment-grade Laboratory Corporation of America and local and regional physician practices providing pediatrics, OBGYN, endocrinology, urology, dentistry, pain management and audiology services.
Originally constructed in 1994, Bellaire Medical Plaza underwent renovations in 2019 to the lobby and common areas to provide a refreshed and welcoming environment for tenants and patients alike. At the time of sale, the value-add property was 54% leased with 5+ years of WALT.
“This asset provides an attractive investment basis well below replacement cost in one of the leading healthcare markets in the Sunbelt and nation,” said Reethof, a First Vice President with CBRE’s U.S. Healthcare Capital Markets practice. “Edloe Ventures should be well positioned to benefit from the healthcare demographic and lease-up of the remaining space, which already offers a diverse tenant rosterand is anchored by a regional health system.”
Bellaire is one of the most affluent neighborhoods in the Houston MSA and boasts ademographic base with average household income and median home values that are 2.3x and 2.8x the MSA average, respectively. Bellaire Medical Plaza is in a hospital-centric environment and is strategically located less than four miles from the Texas Medical Center, the world’s largest medical complex and the eighth largest business district in the U.S. Texas Medical Center encompasses more than 50 million square feet
and 60 different institutions, treating approximately 10 million patients annually.
About Edloe Ventures
The purchaser, Edloe Ventures, is a private real estate investment firm based in Houston, Texas. Its family office has been
built through an amalgamation of various backgrounds and experiences with a focus on the industries of healthcare and real
estate. Its expertise lies in structuring risk through an institutional style of portfolio management to mitigate risk for its
partners, with a well-rounded perspective on investment strategies and market trends. To learn more, visit:
www.edloeventures.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2025 revenue). The company has more than 155,000
employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients
through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building
Operations & Experience (facilities management, property management, flex space & experience, data center solutions);
Project Management (program management, project management, cost consulting); Real Estate Investments (investment
management, development). Please visit our website at www.cbre.com
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
