A medical office building in the heart of the Heights neighborhood is ready for a renovation.
Houston-based Wolf Capital Partners has acquired Heights Medical Tower, a 120,000-square-foot building at 427 W. 20th St. across from the Heights Waterworks retail redevelopment. The property, to be rebranded as HeightsMED, will undergo improvements including a new lobby, elevator cabs, restrooms, exterior updates and widened sidewalks. The work is expected to begin in mid-2022 and take a year to complete.
Justin Brasell and Christian Connell of Transwestern Real Estate Services will provide leasing services for the property, which is 82 percent leased. Anthony Heins of Heins Properties represented Wolf in the acquisition. Matthew Putterman of JLL lined up acquisition financing from Origin Bank.
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