MedProperties Realty Advisors has acquired Medical Center of Tomball, a 61,660-square-foot newly constructed medical office building in Tomball, Texas. Bryant + Stacy Group developed and sold the Class A asset which was financed with a $24.6 million loan. At the time of sale, the property was 92 percent leased with anchor tenants Village MD and Memorial MRI occupying 50 percent of rentable space under long-term leases.
Services provided at Medical Center of Tomball include primary care, MRI and diagnostic imaging services such as orthopedics gastroenterology nephrology pain management and behavioral health treatments. The facility is located close to several other medical centers including HCA Houston Healthcare Tomball Gastroenterology Diagnostic Center Texas Orthopaedic & Sports Medicine Millennium Physicians Radiation & Diagnostic Center among others providing convenient access for patients seeking treatment from any one or combination thereof .
Bryant + Stacy Group broke ground on this three story facility in 2021 partnering with Global Healthcare Partners while BOKF Bank provided construction loan funding amounting to $16.4 million back in 2020 according to CommercialEdge data sources .
The acquisition by MedProperties Realty Advisors marks yet another successful development project for Bryant + Stacy Group who continue their commitment towards creating quality healthcare facilities across America
