NAI Partners Arranges More Than 13,000 SF of Medical Office Transactions in Houston

NAI Partners has arranged two leases totaling 13,276 square feet at 11301 Fallbrook Drive in Houston. The property is owned by Partners Capital, the investment arm of NAI Partners. NAI Partners’ Lesley Rice and Andy Parrish represented landlord Partners Capital in the transactions. In the first lease, Dr. Regina Lewis with Texas Orthodontic Specialists, Dr. Stephen Chen with Texas Orthodontic Specialists, and Dr. Joseph Chen specializing in oral and maxilla-facial surgery signed a lease for 6,293 square feet. “Finding the right location is critical for any health practitioner in ensuring they are able to service the needs of their clients, and with its excellent location in this emerging medical corridor and extensive renovations 11301 Fallbrook was the perfect fit for our burgeoning dental practice,” said Dr. Lewis. In the second, Touchstone Medical Imaging, LLC, D/B/A Steeplechase Diagnostic Center, signed for 6,983 square feet. Formerly US Imaging, Touchstone Medical Imaging is a proud partner of U.S. Radiology, one of the largest and most progressive radiology groups in the country. Its mission is to make the best of radiology better to improve lives. With over 3,100 team members and 145 outpatient imaging centers across 14 states, the U.S. Radiology team conducts nearly 6 million studies annually. U.S. Radiology is a partnership of leading sub-specialized radiology groups, high-quality imaging centers and health systems built around a commitment to best-in-class clinical excellence, operations, infrastructure, and state-of-the-art technology. Touchstone has ambitious plans for the medical equipment and procedures it will offer in its new space, with state of the art MRI and CT scanners and a comprehensive imaging approach to include Bone Density, Mammography, X-rays, and Ultrasound. The company is very excited to be able to continue to serve the patients in the Steeplechase/Cy-Fair areas of Houston safely, and in a state-of-the-art center. “Following an extensive renovation, including a brand-new lobby; updated visitor waiting area with new furniture; the addition of grab-and-go food options onsite with an expanded seating area; repainted common areas; landscaping upgrades, and more, 11301 Fallbrook has substantially increased its appeal,” said Rice. To that end, NAI Partners also recently completed the largest commercial real estate sales transaction in the Life Sciences sector in the Greater Houston area in 2020, disposing of the former Lexicon Pharmaceuticals campus in The Woodlands. Following that sale, NAI Partners’ Dan Boyles, one of the brokers that completed the deal for Lexicon, said, “We’ve been seeing life sciences real estate activity ramping up in and around the Greater Houston area in a big way. When we initially listed the property, we thought it might have more broad appeal as a redevelopment opportunity, but there was plenty of interest from potential laboratory, office and biological manufacturing users, further underscoring Houston’s growing appeal as a life sciences hub.”