The asset is located at 5353 and 5373 West Alabama, west of the Galleria shopping mall.
HOUSTON—The Galleria/Uptown submarket has a daily population of more than 200,000 people and 30 million annual visitors. The area includes 6 million square feet of retail space, 100-plus restaurants, 7,800 hotel rooms and 32.2 million square feet of office space.
An office and retail complex totaling 195,853 square feet in the Galleria/Uptown district recently sold to Houston-based Braun Enterprises for an undisclosed price. The site is currently improved with two six-story office buildings, a single-story retail building and a two-story parking garage.
The property is located at 5353 and 5373 West Alabama just west of the renowned Galleria shopping mall and within minutes of Interstate 10, Highway 59 and the 610 Loop. Additionally, the property is close to the residential neighborhoods of Tanglewood, Afton Oaks and River Oaks, where home values average more than $1 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
