{"id":1004667902,"date":"2023-06-15T06:19:10","date_gmt":"2023-06-15T14:19:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004667902"},"modified":"2023-06-15T06:19:11","modified_gmt":"2023-06-15T14:19:11","slug":"medproperties-adds-houston-area-mob-to-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/medproperties-adds-houston-area-mob-to-portfolio\/","title":{"rendered":"MedProperties Adds Houston-Area MOB to Portfolio"},"content":{"rendered":"
\"Medical<\/a>

Medical Center of Tomball. Image courtesy of MedProperties Realty Advisors<\/em><\/p><\/div>\n

MedProperties Realty Advisors<\/strong> has acquired Medical Center of Tomball, a 61,660-square-foot newly constructed medical office building<\/a> in Tomball, Texas. Bryant + Stacy Group<\/strong> sold the Class A asset.<\/p>\n

The buyer financed the purchase with a $24.6 million loan, Harris County records show. Siemens Financial Services<\/strong> served as administrative agent for the lenders.<\/p>\n

The transaction represents MedProperties\u2019 second acquisition through its Fund IV in the last two months and the fourth investment through the fund since its launch last fall. Since its inception, the firm has developed and acquired more than 4 million square feet of health-care real estate and has a portfolio valued at $1.2 billion.<\/p>\n

Class A facility near a medical cluster<\/h2>\n

Bryant + Stacy Group broke ground on the three-story facility in 2021, in partnership with Global Healthcare Partners<\/strong>. The development team included Arch-Con Corp.<\/strong> as general contractor and Browne McGregor Architects<\/strong>. BOKF Bank<\/strong> provided a construction loan of $16.4 million for the project in 2020, according to CommercialEdge data.<\/p>\n

\n

READ ALSO:<\/strong> Why MOBs Offer Healthy Investor Appeal<\/a><\/p>\n

\n

The property was 92 percent leased at the time of sale; its anchor tenants, Village MD and Memorial MRI, occupy 50 percent of the rentable space under long-term leases. Services provided include primary care, MRI and diagnostic imaging, orthopedics, gastroenterology, nephrology, pain management and behavioral health.<\/p>\n

The facility at 155 School St. is near the newly expanded Tomball Tollway, 33 miles from downtown Houston. The property is close to a variety of medical centers such as HCA Houston Healthcare Tomball, Gastroenterology Diagnostic Center, Texas Orthopaedic & Sports Medicine and Millennium Physicians Radiation & Diagnostic Center, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bryant + Stacy Group sold the Class A asset in Tomball, Texas.<\/p>\n","protected":false},"author":2829,"featured_media":1004667903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21783,21754,21742,51973],"tags":[36278,51551],"class_list":["post-1004667902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-investment","category-medical-office","category-latest","category-southwest","tag-medical-office-building","tag-medproperties-realty-advisors-llc"],"acf":[],"yoast_head":"\nMedProperties Adds Houston-Area MOB to Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"MedProperties has acquired Medical Center of Tomball, a facility located 33 miles from Houston, from Bryant + Stacy Group.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/medproperties-adds-houston-area-mob-to-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MedProperties Adds Houston-Area MOB to Portfolio\" \/>\n<meta property=\"og:description\" content=\"MedProperties has acquired Medical Center of Tomball, a facility located 33 miles from Houston, from Bryant + Stacy Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/medproperties-adds-houston-area-mob-to-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T14:19:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T14:19:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/Medical-Center-of-Tomball.-Image-courtesy-of-MedProperties-Realty-Advisors-e1686813366252.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/medproperties-adds-houston-area-mob-to-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/medproperties-adds-houston-area-mob-to-portfolio\/\",\"name\":\"MedProperties Adds Houston-Area MOB to Portfolio - 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