ENT physician buys new retail building in Cypress with plans to open practice this summer

A Harris County otolaryngologist—a physician who specializes in health care related to the ears, nose and throat—has purchased a retail center located at the northwest corner of Hwy. 290 and Louetta Road in Cypress, according to a Feb. 1 announcement.

The ENT will run a location of the practice Houston Sinus & Allergy at the space. It will occupy 5,200 square feet of the 15,059-square-foot Class A building, construction on which wrapped up in 2020. The practice is expected to open this summer, according to a press release from NewQuest Properties, which represented the buyer in the deal.

"The buyer was attracted to the strategic location, the area's strong demographics and the future residential development at Dunham Pointe," said David Luther, executive vice president of NewQuest's Investment Sales Division.

The building was purchased from 290 Louetta Project Ltd., which was represented by Joshua Jacobs of Blue Ox Group in the transaction. The price of the deal was not disclosed.

The remaining space will be leased by Ashley Strickland, vice president of the NewQuest's Healthcare and Wellness Division, and Nick Ramsey, an associate. The site has just under 90 parking spaces, according to the release.

"The buyer wanted this center as soon as he saw it because of the location, ability to quickly ramp up a new office and his firsthand knowledge of demand in the area for medical and retail space," Luther said.