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Triple Net Buys 2 Medical Bldgs. in Houston & Sugar Land

Investors Sell Triumph Hospital Northwest & Southwest
By Lorna Dorfman
July 12, 2007 | 3:51 AM

Triple Net Healthcare/Office REIT Inc. acquired the properties at 205 Hollow Tree Lane in Houston, TX, also known as Triumph Hospital Northwest, and 1550 First Colony Blvd. in Sugar Land, called Triumph Healthcare Southwest. The asking prices for the properties totaled $37.5 million. Reportedly, there were two sale transactions: 205 Hollow Tree was sold for $17.75 million, or $201 per square foot, and 1550 First Colony Blvd. was sold for $18.75 million or $278 per square foot.

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