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Colliers announces sale of 100 percent leased dialysis center in Southwest Houston

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Colliers is pleased to announce the sale of a 100% leased dialysis center in Southwest Houston at 8303 Creekbend Drive in Houston, Texas. The buyer was, SMBC Leasing and Finance, Inc. of New York, New York. The seller, SWD Property Development, was represented by Beth Young, Senior Vice President and head of the Young Healthcare Team at Colliers | Houston in the transaction.  
 
Fresenius Medical Care is a best-in-class provider and has occupied the facility since 2004.
 
The tenant offers the buyer minimum risk, critical infrastructure, long-term stability, income growth and investment-grade credit tenancy.
 
The Houston-The Woodlands-Sugar Land, Texas metro contains 43.4 million square feet of medical office building (MOB) space, which is currently 87.9% occupied. There is an additional 2.3 million square feet under construction, which ranks Houston number one among 125 top-ranking metros with the most square feet under construction.

 

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Beth Young

Senior Vice President

Houston

Beth Young is a real estate advisor to health systems, private and institutional investors, and users of medical facilities. She specializes in dispositions, acquisitions, marketing, asset valuation, contract negotiations, and leases of medical and investment properties. 

Prior to joining Colliers, Beth was Vice President of the Investment Services Group of the former Grubb & Ellis Company where she specialized in the sale of investment properties including office, medical, retail and industrial buildings, and was a member of the Healthcare Practice Group. From 1996 to 2002, she served as Vice President of Corporate Services for The Staubach Company, now JLL.

Beth has served in numerous executive positions on the Boards of the Houston/Gulf Coast Chapter of CCIM, the National Board of the CCIM Institute, CREW, CoreNet Global, and the Greater Houston Women’s Chamber of Commerce.  In 2002, she was the first female to be elected President of the Houston/Gulf Coast Chapter of CCIM. In 2003, she was presented with the Presidents’ Cup Award, the international award for outstanding achievement and leadership by a chapter president. In 2003 and 2004 she was elected Regional Vice President of CCIM’s Region Four over Texas, Louisiana and Oklahoma.  

Beth is a Director of the Greater Houston Women’s Chamber of Commerce and has served since 2011. She is the Chamber Liaison with the Texas Medical Center; and has been recognized and presented with many awards including the Chamber’s Volunteer of the Year, President’s Key Supporter Award, the first Role Model Award and the Committee Chair Award. Beth is a Trustee and Assistant Secretary on the Harris County Hospital District Foundation Board and is Chairman of the Small Grants Committee. She has also served on the boards of the American Heart Association and the War Against Drugs. In addition to being an industry speaker at conferences, she regularly writes healthcare property articles that have been published by GlobeSt.com, Knowledge Leader, the Houston Medical Journal, Texas Real Estate Business, REDNews, Commercial Investment Real Estate magazine for the CCIM Institute, CREW White Papers, the Houston Chronicle, and the RCA Report for the National Association of Realtors. 

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