Ridgeline Buys MOB, Seeking BTS

Ridgeline Capital Partners purchased a 60k SF MOB in Bellaire at 5420 Dashwood. President Jeff Axley tells us he was drawn to its adjacency to Cornerstone Hospital of Houston and proximity to other area hospitals and the Med Center. The building's 96% leased to 11 tenants (including anchor UT Physicians), so it's no surprise Jeff's eyeing an expansion. The site can accommodate a new standalone build-to-suit up to 10k SF; Transwestern's Sarah Carter is leasing the existing building and seeking users for the potential new facility. Transwestern will also manage the property.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Houston Newsletters
Related Stories

Credit Union Breaks Ground On New HQ Building: The Houston Deal Sheet

EXCLUSIVE: Downtown Houston+ Targets Grocery Gap, Pedestrian Experience With New Programs

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders

Houston's Office Woes Are Getting Too Expensive To Fix

Welcome Group Starts Pearland Industrial: The Houston Deal Sheet

Developer Buys Land For Active Adult Apartments Near Novant Health Hospital

Apartment Operators Are Rethinking The Amenity Arms Race

'Ultra-Luxury' Inner Loop Office Tower Planned Near The Galleria

'Let's Just Get This Over With': Houston Multifamily Hopes For Capitulation

Downtown Tower Pitched For Demo, Redevelopment: The Houston Deal Sheet

Lenders Accuse Nord Group Entities Of Pocketing Rents, Faking Insurance As Multifamily Empire Crumbles

Hospital Construction Costs Are Climbing. Atlanta's Healthcare Systems Keep Building