Job Growth and Healthcare Expansion Bode Well

Katy Medical Arts Center is a 61,082-square-foot medical office building that recently sold.

KATY, TX—Healthcare continues to garner interest from investors from a future needs perspective. The latest example is Katy Medical Arts Center, a 61,082-square-foot medical office building that recently sold to a private equity-backed healthcare real estate investor. The building is fully occupied by a range of healthcare tenants that provide primary care, ophthalmology, cardiology, podiatry, lab, endovascular surgery, mammography, hand and general surgery, nephrology, oncology, imaging, dermatology, and gastroenterology services.

The mix of tenants allows for a strong referral network within the facility. Katy Internal Medicine and Katy Cardiology Associates are the largest tenants in the building, occupying 18% and 10% of the gross leasable area, respectively. The abundance of private-practice tenants allows for future credit enhancement, should it be acquired. Occupants with a national presence include LabCorp, US Oncology and Quest Diagnostics.