Houston Methodist West Houston Hospital Campus Set to Open

by CoyDavidson on December 5, 2010

I would not normally post on the subject of a real estate transaction that was completed over three years ago. However, when you are involved in a land transaction that is intended to result in a significant new development and it ultimately reaches fruition, it is to some degree the exclamation point of the transaction.

As reported in the Houston Chronicle, this past week, Houston developer the Wolff Companies and the Urban Land Institute hosted an event recently celebrating the westward expansion of the Texas Medical Center beyond its central campus. Located on 170 acres at Interstate 10 and Barker-Cypress, the project has been branded Texas Medical Center-West. The Texas Medical Center does not have an ownership position in the development, but two of its premier member institutions Texas Children’s Hospital and the Methodist Hospital System are set to open their West Houston campuses.

2007 Land Acquisition

Our client, The Houston Methodist Hospital System approached me and my partner Bob Parsley in 2007 about acquiring land for what is today, the Methodist West Houston Hospital. While Texas Children’s Hospital had already completed the purchase of their site from the Wolff Companies, our assignment was a little more complex in that the targeted site involved two separate tracts of land with different ownership and neither site was actively on the market. In addition, there was a lot buzz regarding the Texas Children’s land acquisition and other buyers and land speculators were circling, it was 2007! We had to move quickly and discreetly.

2007 Aerial Photo

All significant real estate transactions have challenges to overcome in order to reach completion. In retrospect, the acquisition of the 40 and 46 acre tracts went relatively smoothly, and while the majority of the negotiations were conducted without disclosing the potential buyer to the respective sellers who trusted our representation that our client unquestionably had the ability to perform. When you represent a client as well respected as the Methodist Hospital System your credibility with the land owners is pretty solid to say the least.

The Houston Methodist Hospital West Houston Campus

When the West Houston Campus opens this month the West Houston / Katy community will be served by a 478,500 square feet full service hospital with 193 beds and 15 operating rooms complimented by a adjacent 150,000 square feet of medical office building with lease commitments in place, bringing the project to 100% occupancy. Personally, it has been a great thrill watch the transformation of this land site into an impressive medical campus.

Learn more about  Colliers Healthcare Services.

  • Charlie Foxworth

    Great accomplishment. I am laughing because 2007 brought a major land acquisition for me that is coming to fruition. You, for the children, a hospital. Me, a tank farm, for what is the largest refinery in the United States. Thanks Coy for your contributions.

  • Congratulations. I wonder though about the hospitals health IT needs. Did you need to build a data center on campus or use a cloud concept? I am curious since most newly constructed seem to be fitting themselves with health IT needs like electronic health records and such. My blog post on the issue may be helpful insight. http://bit.ly/bAlccC

Previous post:

Next post:


Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.