McShane Development Co.’s Health Care Division formed a long-term strategic alliance between McShane Development Co. and Chicago-based Harrison Street Real Estate Capital LLC with an initial collaboration focusing on the development of a two-building, 120,000-sq-ft medical office portfolio.

The two firms will collaborate on opportunities to develop health-care-related properties throughout several geographic markets. Harrison Street is a real estate private equity firm that specializes in providing equity capital to developers and operators of specific asset classes. The initial collaboration between the two firms will support ongoing development activity at McShane’s two Oak Bend medical office facilities in the Houston area. McShane is developing the 60,000-sq-ft, two-story Oak Bend Doctors Center – Grand Parkway in Fort Bend County. The firm is preparing to break ground on the 60,000-sq-ft, three-story OakBend Doctors Center – Southwest Freeway in Richmond. The projects will be co-developed under the McShane/Harrison Street alliance.