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.