Monday, September 14, 2015

Sale of Galleria Place in Houston, TX closed by HFF

Galleria Place, 5251 and 5333 Westheimer, Houston, TX

Dan Miller
 HOUSTON, TX – Sept. 14, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Galleria Place, two Class A office buildings totaling 401,000 square feet plus a stand-alone retail site across from the Galleria Mall in Houston, Texas.

HFF marketed the property on behalf of the seller, The Carlyle Group and Songy Highroads LLC.  Lincoln Property Company purchased the asset for an undisclosed amount.  HFF is also engaged to arrange financing for the buyer. 

Galleria Place consists of Galleria Place I (5251 Westheimer), an 11-story, 217,006-square-foot office building; Galleria Place II (5333 Westheimer), a 10-story, 178,468-square-foot office building; Sage Plaza, a 5,797-square-foot retail building fully leased to a local high-end salon and tailor; Regions Bank, a single-story bank branch and drive-thru connected to Galleria Place I and included in its square footage; and two parking garages with 1,361 spaces.

  Galleria Place is 53 percent leased to tenants including Just Energy and HIS.  The properties occupy six acres bounded by Sage and Westheimer Roads and West Alabama Street directly across from the Houston Galleria, Houston’s premier destination for shopping and dining. 

The HFF investment sales team was led by senior managing director Dan Miller and director Martin Hogan.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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