 |
| 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 | www.hfflp.com
No comments:
Post a Comment