Tilman Fertitta Buys River Oaks District In Houston For $450M
4444 Westheimer Road
663,408 SF
Summary
The River Oaks District, a mixed-use development located at 4444 Westheimer Road in Houston, has been purchased by Tilman Fertitta for $450 million from George Gatch of JPMorgan Asset Management. Spanning 14 acres, the property boasts 663,408 square feet of space, with a price per square foot of $678. The upscale development features luxury retail boutiques, high-end apartments, office space, and upscale restaurants, solidifying its reputation as one of Houston's premier shopping destinations since its establishment in 2015.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $450,000,000
- Market: Houston
- SF: 663,408
- Buyer: Tilman Fertitta
- Seller: George Gatch - JPMorgan Asset Management
- Brokers: Barry Brown, Colby Mueck, Erin Lazarus, Jeff Hollinden, Ryan West & Dustin Selzer - JLL
Houston billionaire Tilman Fertitta has successfully acquired the River Oaks District, a prominent mixed-use property, from George Gatch of JPMorgan Asset Management. The deal was facilitated by a team of brokers from JLL, namely Barry Brown, Colby Mueck, Erin Lazarus, Jeff Hollinden, Ryan West, and Dustin Selzer. This transaction marks a significant acquisition in Houston's real estate market, further solidifying Fertitta's investment portfolio in the region.
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