October 3, 2018
Transwestern Investment Group and Virtus Real Estate Capital banded together to acquire a 114,413-square-foot office building at 2051 S. Greenhouse Rd. in west Houston from the D’Agostino Cos. The partners plan to repurpose the Greenhouse Road building into a medical office property, which will be dubbed Greenhouse Medical Plaza.
Planned capital improvements will include the development of a surgical center and a covered carport drop-off for patients, as well as equipping the property with redundant power. “This asset is ideally suited for medical use and will be best-in-class due to its efficient layout, abundance of natural light, high parking ratio, and proximity to the west campuses of Houston Methodist Hospital and Texas Children’s Hospital, as well as Memorial Hermann West,” said TIG’s Blake Williams.
Justin Brasell and Christian Connell with Transwestern will provide leasing services, while Cindy Niles and John Wheeler, also with Transwestern, will handle property management.
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