Kingwood Medical Arts: 90,000 SF 'painted' soldKingwood Medical Arts: 90,000 SF 'painted' soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=153692016-12-07T06:00:00Z2016-12-07T23:10:00Z

​​​​​HOUSTON – Kingwood Medical Arts, a 90,000-sf medical office building at 300-350 Kingwood Medical Dr. has been sold. 

The building was acquired by HCP, a health care real estate investment trust based in Irvine, California.

Origin Investments, the previous owner, acquired the property out of bankruptcy in 2012 and negotiated leases that boosted occupancy from 52.5 percent at acquisition to 90 percent at the time of sale.

The value of the property rose 62 percent during the hold period and generated a 25.4 percent internal rate of return, according to Origin Investments.

The property, next to HCA Kingwood Medical Center, is anchored by a 30,000-sf surgical center operated by a venture between Memorial Hermann Health System and United Surgical Partners.​
Houston Chronicle
Houston-The Woodlands-Sugar Land

​C​heck out Houston Medical Office Reports in Market Research​.​

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