MHHS Katy Medical Plaza 1
Professional medical office building in Katy, Texas.
Location
Product Type
Timeline
Project Completion – Q1 2006
Overview
Memorial Hermann Healthcare System identified a market demand for expanded medical office space to accommodate existing health care. The new medical office space was required by MHHS to accommodate existing health care practices and tenants displaced during an extensive hospital expansion. After winning the competitive bidding process for development services, TCC provided coordination and oversight of all phases of design, procurement and the bid process for selection of a general contractor.
TCC was selected by MHHS as the project developer, owner and manager. TCC provided leasing, syndication services and property management for the MOB. TCC completed the 125,000-square-foot, five-story Medical Office Building (MOB) located on a new Memorial Hermann Hospital System (MHHS) hospital campus in Katy, Texas in Q1 2006. The project was a joint venture consisting of TCC as the general partner with MHHS, Partners Health Trust and physician investors as limited partners. The project was developed on a ground lease with MHHS. The building is part of a collaborative development process that involved a ground lease and joint-venture partnership between a developer, a large not-for profit healthcare system, and the end users of lease space.
