Search
 

Cohen Realty Buys 508,683-SF Decorative Center

HOUSTON-The upscale Decorative Center of Houston has a new owner, New York-based Cohen Realty, which also has centers in its homeport and Los Angeles. The sales price is hushed, but the property had been marketed at $113 per sf.

By Jennifer Brenner Andrade | Updated on April 24, 2001

HOUSTON-The 10-story, 508,683-sf Decorative Center of Houston in the Uptown Galleria submarket has been sold to New York-based Cohen Brothers Realty Corp.

The 508,683-sf showroom-office tower is located at 5120 Woodway. An investment sales division team from Trammell Crow Co. has represented the seller, Decorative Center of Houston Ltd. Principal Rusty Tamlyn and associates Ralph Tullier and Aaron Thielhorn make up the team. Tamlyn would not release a sales price, but the asking price had been about $113 per sf.

Tamlyn tells GlobeSt.com that Cohen Brothers Realty also owns decorative centers in New York and Los Angeles. A partnership of Dallas-based developer Lucy Billingsley and Crow Holdings have sold the center. The sale was made as the product was de-emphasized, says Tamlyn.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.