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Colliers International Assists Houston Methodist in Expansion to The Woodlands


Groundbreaking on the new 470,000 square foot hospital in The Woodlands, which will be built at the intersection of TX 242 and I-45, is expected in early 2015, with the hospital to be completed in 2017. Construction includes a 135,000 square foot medical building, which will open in late 2015.

"Houston Methodist has served the greater Houston community for almost 100 years," said Marc Boom, M.D., President and CEO of Houston Methodist. "We are excited to bring our long history of leading medicine and excellent patient care to the residents of The Woodlands."

The new hospital, which will be the eighth in the Houston Methodist system, will offer The Woodlands community a full service, acute care hospital capable of delivering services similar to what is available in the Texas Medical Center. The $328 million campus will be modeled after the Houston Methodist West Hospital near Katy.

Paul Layne, Executive Vice President of Master Planned Communities for The Howard Hughes Corporation said, "We are pleased to have an exceptional health care system like Houston Methodist come to The Woodlands. Houston Methodist offers a valuable amenity through its services to The Woodlands' community."

Bob Parsley, Co-Chairman and Coy Davidson, Senior Vice President in the Houston office of Colliers International represented Houston Methodist Hospital in the transaction.

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Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Locally, Colliers International | Houston is a full service commercial real estate firm with offices in the Galleria, Sugar Land and The Woodlands, providing integrated services to clients locally and globally since 1957. The staff of more than 98 professionals specialize in the sale and leasing of office, industrial, retail, multi-family, investments, and land properties, valuation and advisory services, and real estate, property, and project management.

06/05/2014 - 08:58


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