Aug
02
A medical office building in Houston sold this month for more than $400 million, the largest price ever paid in the U.S. for such a building and the latest sign that many health care-related properties are in high demand.
LaSalle Investment Management said one of its funds was the buyer of the 28-story, 500,000-square-foot building, which is anchored by Memorial Hermann, the largest not-for-profit health care provider in Texas, and is 99% occupied. Pricing wasn’t disclosed, but the Chicago-based investment firm paid $405…
Houston Medical Building Fetches Record Price
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