HFF closes sale of and arranges acquisition financing for Galleria Plaza in Houston, TX

Galleria Plaza, Houston, TX

HOUSTON, TX – HFF announced today that it has closed the sale of and arranged acquisition financing for Galleria Plaza, a 428,285-square-foot mixed-use complex in Houston, Texas.

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

HFF’s debt placement team representing the buyer was led by senior managing director Wally Reid.

Dan Miller

HFF represented the seller, Chase Merritt and PCCP, in the sale of the property to a joint venture between Songy HighRoads LLC and The Carlyle Group.  The purchase price is confidential. 

In addition, HFF secured a three-year, 75 percent loan-to-value acquisition financing on behalf of the buyer through Bank of America Merrill Lynch – CMBS.

The complex is located across from the Houston Galleria with frontage on Westheimer, Alabama and Sage and comprises 7.6 acres of land. 

Martin Hogan

“This tract truly represents generational real estate,” said Miller.

  The Carlyle Group employs 1,400 people in 33 offices across six continents.

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

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com