Medical Office Building Sold in Houston: Report

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A joint venture of two Texas companies has acquired a recently built medical office building in Hedwig Village in West Houston’s Memorial area, The Houston Chronicle reports.

Austin-based Virtus Real Estate Capital and Houston-based Saber Street acquired Hedwig Place, a 102,774-square-foot, five-story medical office building developed by Stream Realty Partners. Completed in 2019, the building is anchored by tenants Texas ENT Specialists, Memorial Plastic Surgery and Neurosurgical Group of Texas. Terms were not disclosed.

The transaction was financed by CIT Group’s health care finance group. Read more.

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