{"id":1004139156,"date":"2016-03-11T14:05:00","date_gmt":"2016-03-11T22:05:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139156"},"modified":"2022-12-08T17:46:20","modified_gmt":"2022-12-09T01:46:20","slug":"hff-closes-deal-on-office-building-in-texas-galleria-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-deal-on-office-building-in-texas-galleria-area\/","title":{"rendered":"HFF Closes Deal on Office Building in Texas\u2019 Galleria Area"},"content":{"rendered":"<p><em>By Adelina Osan, Associate Editor<\/em><\/p>\n<p><strong>Houston<\/strong>\u2014HFF recently <a href=\"https:\/\/www.commercialsearch.com\/news\/deals\/\" target=\"_blank\" rel=\"noopener\">closed the sale<\/a> of an 11-story office building located in Houston, <a href=\"https:\/\/www.commercialsearch.com\/news\/houston\/\" target=\"_blank\" rel=\"noopener\">Texas\u2019 Galleria area<\/a>. Quasar Galleria Ltd. acquired 5433 Westheimer from a joint venture partnership of funds managed by Songy Highroads LLC\u00a0and EDENS in a deal facilitated by HFF.<\/p>\n<div id=\"attachment_1004139160\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004139160\" data-attachment-id=\"1004139160\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-deal-on-office-building-in-texas-galleria-area\/5433-westheimer\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg\" data-orig-size=\"1322,804\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Adelina Osan&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1457701978&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5433 Westheimer\" data-image-description=\"&lt;p&gt;5433 Westheimer&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;5433 Westheimer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg?w=1024\" class=\"size-medium wp-image-1004139160\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg\" alt=\"5433 Westheimer\" width=\"300\" height=\"182\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg 1322w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg?resize=300,182 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg?resize=768,467 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/5433-Westheimer.jpg?resize=1024,623 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004139160\" class=\"wp-caption-text\">5433 Westheimer<\/p><\/div>\n<p>Built in 1967, 5433 Westheimer is a 123,477-square-foot office property located at the intersection of Westheimer Road and West Alabama Street in the western portion of Houston\u2019s Galleria area sitting in close proximity to city\u2019s premier residential neighborhoods such as Tanglewood, Memorial Villages, River Oaks and West University Place.<\/p>\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\" rel=\"noopener\">office building<\/a> was recently renovated and was 81.2 percent leased to a diverse roster of tenants\u00a0at the time of the sale.\u00a0On-site amenities at 5433 Westheimer include an 11,000-square-foot common area with meeting space, an attached two-level, structured parking garage and a Ruth\u2019s Chris Steak House restaurant. Space of additional expansion of the current building is available on the western edge of the site.<\/p>\n<p>Senior Managing Director Dan Miller\u00a0and Director Martin Hogan led HFF\u2019s investment sales team representing the seller.<\/p>\n<p><em>Image via Google StreetView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quasar Galleria acquired a 123,477-square-foot office building in Houston&#8217;s Galleria area. <\/p>\n","protected":false},"author":735,"featured_media":1004139160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21783,21742,21747],"tags":[],"class_list":["post-1004139156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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