Clay Duvall And David Binswanger Of Lincoln Property Company Acquire Imperial Medical Center In Sugar Land

A medical office property was sold in Sugar Land, Texas, at 1111-1211 Highway 6. The asset has a total square footage of 129,000 and was originally built in 1994. The facility houses key tenants including Memorial Hermann, Alpha Surgical Center, and Texas Advanced Imaging.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: Not disclosed
• Address: 1111-1211 Highway 6
• Market: Sugar Land
• Square Footage: 129,000
• Buyer: Clay Duvall & David Binswanger - Lincoln Property Company; Cathy Marcus - PGIM
• Seller: Jim Pisula - Pinecroft Realty; Christopher Merrill - Harrison Street Asset Management

This transaction involved Lincoln Property Company and PGIM Real Estate acquiring the Imperial Medical Center from a partnership of Pinecroft Realty and Harrison Street Asset Management. The buyer representatives were notable firms in the real estate sector, while the sellers represented established asset management entities.