August 26, 2019 – JLL announced today that it has been named by The University of Texas System to market for sale or ground lease an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston, Texas.
The property is less than three miles from the Texas Medical Center, the largest medical center in the world. Additionally, the site is located just south of the 610 Loop with Buffalo Speedway intersecting the property. Potential users for the site include life science companies, Big Pharma and biotech labs, as well as advanced medical manufacturing, public or private institutions of learning, government agencies and religious organizations. The site would also support high-density single-family, multi-housing and senior living uses.
The JLL Capital Markets team representing the seller is led by Managing Director Davis Adams and Senior Managing Director Rusty Tamlyn and also includes Executive Managing Director Scott Galloway and Senior Managing Directors Colby Mueck and Chris Curry.
“It is extremely rare to find a large contiguous development site in a premier infill location in any major market in the United States,” Adams said. “The site is ready for immediate development with proximity to billions of dollars of infrastructure located in the Texas Medical Center.”