August 2021

Recently Sold – Merit Medical, Houston, TX

Modern office building with a large American flag on a flagpole, landscaped front lawn, and a clear sky in the background, recently sold to Merit Medical.

Thomas Company is pleased to announce the recent sale of a Research & Development/ Manufacturing facility leased to Merit Medical Systems, Inc. in Pearland, TX. The property totaled approximately 95,500 SF and closed as an off-market transaction. The buyer was attracted to the asset due to the long lease term in place, strong credit profile of the tenant, and appealing Texas location.

Key Highlights

  • Long-Term Passive Ownership
  • Annual Rent Increases
  • Houston MSA
  • Mission-Critical Facility