NewQuest Brokers Sale of Church Property In Texas Medical Center District
August 25, 2022
HOUSTON – The Texas Annual Conference of the United Methodist Church Inc. has sold a 48,000-sf former church in the Texas Medical Center District to its tenant, Saint Nicholas School.
The 5.51-acre tract, located at 3511 Linkwood Dr., is located in a densely developed neighborhood of single-family gated communities. The site has been leased to the private school since the church closed in summer 2018.
“It’s a highly desirable area. The school was the most likely buyer,” says Glenn Dickerson, senior vice president and development partner for locally based NewQuest Properties. He and colleague Jeff Lokey, executive vice president, represented the seller.
Taeken Ltd., acting on behalf of the school, put in an offer shortly after the property hit the market. Chris Bergmann of JLL represented the buyer.
“The school didn’t want to relocate and truly wanted to continue at this location,” Dickerson says. “It’s a quiet neighborhood with an upscale presence.”
Bethany United Methodist Church constructed the single-story structure in 1995 on land adjacent to the gated community of Pemberton Circle. The site has 513 feet of frontage along Linkwood Drive, which connects Timberside Drive and Buffalo Speedway. Close by is Loop 610.
Saint Nicholas School, established in 1987, provides a classical curriculum for students in pre-kindergarten through grade 8, including a Montessori lower school. The annual total enrollment hovers 150 students.
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