Houston   |   Miami

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SPRING VALLEY MEDICAL PLAZA

HOUSTON, TX

NORTHWEST MEDICAL

Medical Office Building

HOUSTON, TX

 

i3 closed on the acquisition of the Northwest Medical Center Medical Office Portfolio in December of 2015. The three-building, 202,978 square foot portfolio is located on the campus of the Northwest Medical Center that is owned and operated by HCA. The project was acquired at below-market occupancy and rental rates, and represents a significant value-add opportunity for i3. The hospital maintains a significant presence in our project and has made a commitment to the campus for years to come.

The proximity of these buildings to the hospital being located “on campus” positions the project as a very attractive long-term investment. The phased-rehab plan is underway and will include updated lobbies, landscaping, corridors, bathrooms, elevators, and internal building components, that will be followed by a robust rebranding campaign. Transwestern will provide both leasing and property management services on behalf of the project.