Edloe Realty has acquired Greenhouse Medical Plaza, a converted medical office property at 2051 Greenhouse Road near Houston’s Energy Corridor, from Transwestern. The building totals 114,413 square feet and was originally purchased and repositioned by Transwestern in 2018, when the firm transformed the existing Greenhouse building into a medical plaza.
The seller was represented in the transaction by Berkadia. Sabrina Solomiany and Vasili Davos of Berkadia acted on behalf of Transwestern and its partner, Austin-based Virtus Real Estate, highlighting continued capital markets activity around healthcare real estate in the Houston area. Transaction pricing and other financial terms were not disclosed.
Frost Bank served as the lender on the deal, providing financing for the trade. While Edloe Realty is now the owner of Greenhouse Medical Plaza, Transwestern will remain involved at the property in a leasing capacity. The firm will continue to oversee leasing through its professionals Justin Brasell and Chris Boyd, maintaining continuity for existing and prospective medical tenants.
On the property management side, Partners Real Estate will work with Edloe Realty to handle day-to-day operations at Greenhouse Medical Plaza. This structure separates ownership, leasing, and management roles among Edloe Realty, Transwestern, and Partners Real Estate, respectively, reflecting the specialized operating model often seen in healthcare and medical office assets.
Edloe Realty is affiliated with the Edloe Health clinic network in the Houston area, underscoring the buyer’s existing footprint in local healthcare services. However, the article does not specify whether any Edloe Health clinics will occupy space within Greenhouse Medical Plaza or if the acquisition is primarily an investment play.
Market data from Transwestern’s own fourth-quarter 2025 report for the Houston region provides context for the transaction. According to the report, medical outpatient properties in the area experienced a 40-basis-point increase in direct vacancy year over year, with total availability reaching 16.7%. The report attributes this rise in availability to tenants opting for newer, smaller medical facilities in suburban locations.
This leasing and availability trend indicates a competitive environment for larger, established medical office buildings such as Greenhouse Medical Plaza, particularly those outside the newest wave of suburban product. The continued commitment to professional leasing and third-party management at Greenhouse suggests that the new ownership and its partners are positioning the property to compete effectively within a market where outpatient providers are re-evaluating footprint size and location preferences.
