HOUSTON – Texas Children's Hospital has bought the iconic O'Quinn Medical Tower and the Baylor Clinic Building from Baylor St. Luke's Medical Center.
The Baylor Clinic Building is a 15-story tower with 227,670 sf of rentable area, while the O'Quinn tower includes 445,725 sf of office and clinical space. The properties have been on the market since April and were listed by CBRE.
Texas Children's will lease back a portion of each building to the joint venture until they complete their transition to the new Baylor St. Luke's McNair Campus south of the Texas Medical Center.
Baylor St. Luke's is a joint venture between Baylor College of Medicine and CHI St. Luke's Health.
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