Medical Demand Drivers Continue to Follow the Norm

TX Children’s Hospital MOB is occupied by medical practices including Texas Children’s Pediatrics.

HOUSTON—In another example of the recession-resistance nature of medical office assets, a medical office building has found a new owner. The Texas Children’s Hospital medical office building, a 25,000-square-foot class-A multi-tenant medical building, has sold to Healthcare Trust Inc., based in New York. The seller was an affiliate of Stage Equity Partners, a real estate investment firm based in Skokie, IL. Financial terms were not disclosed.

Avison Young principals Mike Wilson, Erik Foster, Jim Kornick and Chip Ryan, members of the firm’s national healthcare capital markets group, along with Avison Young principal Darrell Betts in the Houston office, represented the owner.