Colliers Sells DaVita Anchored Medical Building Near Cy-Fair Hospital in Houston

Davita is one of the largest kidney care companies in the U.S. with a network of 2,753 outpatient dialysis clinics in 46 states serving a total of 207,000 patients. DaVita will continue to lease their portion of the building under a 10-year primary term.

“This was a great transaction for both the buyer and seller,” said Todd Moore, Principal of Colliers. “The property has tremendous value add potential in leasing up the vacancy, while benefiting from long term, investment grade tenancy in place.”

Houston’s medical office market totals 43.6 million square feet of medical office space, which is currently 88.0% occupied. Rent growth is up 1.9% over the quarter and there are 2.2 million square feet of new product under construction.

For further information please contact:
Todd Moore | Principal
+1 713 830 2191

For further information please contact:
Connor Duffy | Associate
+1 713 830 4010