The129,250-square-foot medical office property is situated withinHouston's Inner Loop.
HOUSTON—Houston is one of the top markets for new medical office space and vacancy rates remain low whilerents are pushing upward, according to reports from CBRE. With thattop-of-market awareness at the forefront, financing is followingsuit.
A recent example is Berkadia arranging joint-venture equity fora 129,250-square-foot medical office building in Houston's Heights neighborhood. The property was purchased byan affiliate of Simpkins Group Inc., a commercial real estatedevelopment and investment firm based in Houston.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
