Texas Children's Hospital in Houston closed on an agreement with Houston-based Baylor St. Luke's Medical Center on the purchase of two St. Luke's buildings: the Baylor Clinic Building and the O'Quinn Medical Tower.
Both buildings are occupied by existing tenants, and CHI St. Luke's Health, along with Baylor College of Medicine, plan to lease back a portion of each building until it completes its relocation to Baylor St. Luke's Medical Center's McNair Campus in Houston. Texas Children's will honor the existing leases, and intends to eventually occupy all of the available space as leases expire and tenants relocate.
The Baylor Clinic Building, built in 2003, has 15 stories, 10 of which are for parking. The O'Quinn Medical Tower was built in 1991, has 27 stories, six of which are for parking.