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Firm to provide property management services for recently acquired O’Quinn Medical Tower, Baylor Clinic Building
HOUSTON, Sept. 22, 2016 – JLL today announced it has been selected by Texas Children's Hospital as exclusive property manager for O'Quinn Medical Tower and Baylor Clinic Building, located in Houston's Texas Medical Center. The firm will provide a full range of property management services for the two medical office buildings, which total approximately 700,000 square feet.
The JLL team handling the property management assignment includes COO Mary Stanton, Managing Director Peyton Collins and Senior General Manager Roger Singleton.
"Texas Children's Hospital continues to expand its reach in the Texas Medical Center and greater Houston area," said Collins. "By leveraging the human capital and best practices of JLL, Texas Children's can continue to focus on superior patient care while ensuring these newly acquired assets are functioning at the highest level and supporting their mission as a leading healthcare provider."
Located at 6624 Fannin Street, O'Quinn Medical Tower includes 445,725 square feet of doctor's offices above a 1,192-car parking garage. The 27-story building was designed by architect César Pelli and constructed in 1991. The property's trademark spires reach 477 feet above street-level, making it one of the tallest medical buildings in the world.
Baylor Clinic Building, located at 6620 Main Street, is connected to O'Quinn Medical Tower by a sky bridge. Built in 2003, the Baylor Clinic Building has 227,670 square feet of medical office space on five floors situated above ten-stories of parking.
The addition of these properties has raised JLL's total property management portfolio in the Houston region to 8.4 million square feet.
In addition to being selected to provide property management services, JLL brokered the transaction on behalf of Texas Children's. Dan Bellow, David Bale and Mindy Berman represented Texas Children's in the transaction.
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About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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