August 6, 2019 Comments Off on JLL Handles Pearland MOB Deal Views: 187 Houston-Galveston, Texas News

JLL Handles Pearland MOB Deal

Sunrise Lake, a 74,612-square-foot mixed-use property in the Houston-area community of Pearland, TX, traded hands. JLL marketed the property on behalf of the seller, TIG Real Estate Services, and procured the undisclosed buyer.

Located at 9307 and 9223 Broadway St., along the primary east-west thoroughfare in Pearland, the asset is primarily leased to medical office tenants and is positioned less than 30 minutes from the Texas Medical Center, and just west of Highway 288.

Completed in 2006 and recently renovated, the 86%-leased property offers 50,000 square feet of office/medical office space and 24,500 square feet of retail space.

JLL’s Dan Miller, John Indelli and Bryan Strode represented the seller.

“TIG Real Estate Services did a great job stabilizing the asset,” Indelli said. “Investor sentiment for real estate in Pearland, one of the fastest-growing markets in Houston, continues to strengthen, and we feel there is still plenty of room to run.”

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