Transwestern Leasing Galleria Buildings Developed by Hines

HOUSTON – (Realty News Report) – Transwestern Real Estate Services has been selected by LPC Realty Advisors I  to lease two office buildings that are basically next door to The Galleria.

The office buildings were developed in 1969 and 1976 by Hines Interests, which also developed The Galleria, a nearby landmark mixed-use project that attracts shoppers from around the world.

Located on Westheimer Road, the office buildings, called Galleria Park I and II, have a total of 392,168 square feet of Class A office space.

The office towers were purchased by LPC Realty Advisors, an affiliate of Lincoln Property Company, in 2015.

The buildings underwent a $15-million renovation in 2018, which included new lobbies with wood finishes, a tenant lounge with upscale meeting space, a 2,000-square-foot conference facility, and a fitness center with full-service locker rooms. The urban corporate campus also boasts a one-acre lawn that is WiFi-enabled. The Office of James Burnett landscape architecture firm, which designed Levy Park and the Allen Center green space in downtown, designed the lawn for the Galleria Park office campus.

Transwestern Managing Director Doug Little, Senior Associate Jack Scharnberg and Associate Megan Snodgrass will represent building ownership.

“We are excited to work alongside LPC Realty Advisors to lease this trophy asset,” said Scharnberg. “With the enhanced Grand Lawn, fitness center, conference facility, and proximity to the Galleria, there is no better amenitized office campus in the area.”

The 213,700-square-foot Galleria Park I (11 stories) and 178,468-square-foot Galleria Park II (10 stories) are located at 5251 and 5333 Westheimer.

The office buildings are a few blocks west of Loop 610 directly across the street (Sage Road) from the Galleria mall.

The buildings were part of a parcel acquired by Songy Highroads of Atlanta years ago. Songy Highroads sold the two office buildings and retained the remainder of the site for hotel development.  Songy Highroads built the 12-story, 157-room Hyatt Place Houston Galleria at 5252 W. Alabama St. And it built the Hyatt Regency Houston Galleria, a 325-room, full-service hotel.


April 27, 2021 Realty News Report Copyright 2021


For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up  by Ralph Bivins. Available on Amazon  http://tiny.cc/4a2g6y 


File: Transwestern Leasing Galleria Buildings Developed by Hines

 

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