Colliers is pleased to announce WellMed has leased 12,401 square feet at the South Gulf Plaza redevelopment located at 5815 Gulf Freeway in Houston, Texas. The tenant, WellMed Medical Management, Inc., was represented by Luke Campbell and Nick Campbell of Perron & Campbell, Inc. Jenny Seckinger and Ace Schlameus of Colliers represented the landlord in the transaction.
WellMed is a leading health care company serving patients with primary care and multi-specialty care clinics in Texas, Florida and New Mexico.
"The developers recognized the unique opportunity to offer a mixed-use Class A asset to an underserved area. WellMed is the perfect anchor tenant for this particular project," said Jenny Seckinger, Vice President of Colliers.
South Gulf Plaza is a Class A mixed-use development comprised of two buildings located inside the 610 Loop on I-45 just North of Wayside Drive. Building A is a 26,424 square foot two-story building, consisting of 12,401 square feet of retail on the ground level and 14,023 square feet of office/retail space on the second level which is elevator served. Building B is a 29,754 square foot single-story building, consisting of 13,746 square feet of warehouse space with two dock-high loading ramps, a 6,134 square foot showroom and 9,874 square feet of retail fronting I-45. The developer, Hass Holdings, and construction group, Burton Construction, expect the project to be delivered and available July 2021.
The property is located in the Inner Loop East End retail submarket. The submarket is located east of downtown and contains about 8.8 million square feet of retail space which is 95% occupied.