Properties for Lease: Gleannloch Medical Plaza

Gleannloch Medical Plaza, a professional arts center designed and constructed to meet the needs of doctors, has proven to be a very successful project located in an optimal area that has experienced rapid growth.  With completion scheduled for April 2012, lease/purchase contracts have been signed on twenty-five percent (25%) of the project.

The remaining available space is in high demand.  The project consists of 103,000 square feet, of which 88,500 square feet is contiguous space.  Additionally, freestanding buildings of 7,000 square feet and 7,500 square feet augment the project.
To fill the professional medical office and specialty arts demand of Northwest Houston, FM 1960, Cypress, Tomball and Spring, Gleannloch Medical Plaza offers alternatives to traditional leases.  Medical professionals are given the opportunity to participate in the equity and share in ownership by signing long-term leases.  Fifty percent (50%) of the project ownership is shared with the medical professionals who operate their practices at Gleannloch Medical Plaza.

Spring Cypress and the Champions areas were developed over the past twenty-five years with a major focus on residential and retail development.  With little or no medical office development, medical professional office space has been non-existent.  Demand for medical office space has continued to trump availability.  Nearby hospitals -- Tomball to the Northwest, St. Luke's to the Southwest, Red Oak to the Southeast and Memorial Hermann The Woodlands to the Northeast -- offer a cluster of professionals, but they are not convenient to the immediate area.

Gleannloch Medical Plaza, LP, will serve as the center of professional medical development and primary care to a great community for many years in the future.

Gleannloch Medical Plaza Project Overview

Address:
Gleannloch Medical Plaza
8840 Spring Cypress Road
Spring, TX 77379