HOUSTON--HFF announced yesterday that it has been named to market for sale an 11-building, on-campus medical office portfolio totaling more than one million square feet of net rentable area throughout the Greater Houston area.

HFF has been retained on an exclusive basis to market the offering on behalf of the seller, Memorial Hermann Health System. The buildings will be leased back to the seller on a long-term, absolute net lease basis once the sale is completed.

The Memorial Hermann buildings included in the portfolio are: Northwest Medical Plaza 1 (96,953 square feet), Northwest Medical Plaza 2 (50,272 square feet), Southeast Medical Plaza 1 (98,449 square feet), Southeast Medical Plaza 2 (98,611 square feet), Southwest Medical Plaza 1 (171,607 square feet), Southwest Medical Plaza 2 (169,223 square feet), Southwest Medical Plaza 3 (136,694 square feet), Southwest Medical Plaza 4 (131,806 square feet), Woodlands Medical Plaza 1 (37,796 square feet), Woodlands Medical Plaza 2 (92,911 square feet) and Woodlands Medical Plaza 3 (117,295 square feet).

Managing directors Michael Bennett, Colby Mueck, Phil Mahler and Evan Kovac and director Jack Dudick led the HFF team representing the seller.

With more than 20,000 employees, Memorial Hermann's 12 hospitals include three hospitals in the Texas Medical Center, including the Texas Trauma Institute – a level I trauma center which houses the Life Flight air ambulance – a hospital for children and a rehabilitation hospital, eight suburban hospitals and a second rehabilitation hospital in Katy. The system also operates three Heart & Vascular Institutes, the Mischer Neuroscience Institute, two Ironman Sports Medicine Institute locations, cancer centers, imaging and surgery centers, sports medicine and rehabilitation centers, outpatient laboratories, a chemical dependency treatment center, a home health agency, a retirement community and a nursing home. 

Reps with HFF were unable to offer further comment by press time.