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Jeffrey C. Hines & Laura Hines-Pierce Acquire Montrose Collective In Houston For $137.6M

Property Image
SOLD
$137,600,000
Jeffrey C. Hines
Laura Hines-Pierce
Steve Radom

Texas

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Mixed-use189,000 SF
Sold 08/19/2025
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Property Image
SOLD

Jeffrey C. Hines & Laura Hines-Pierce Acquire Montrose Collective In Houston For $137.6M

888 Westheimer Road

See Similar Deals
Mixed-use189,000 SF
Sold 08/19/2025
Jeffrey C. Hines
Laura Hines-Pierce
Steve Radom
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$728
Total Square Footage:189,000 SF
Transaction Type:Sale

The mixed-use property at 888 Westheimer Road, located in Houston, sold for $137,600,000. This fully leased asset spans 189,000 square feet and consists of 2.4 acres. The project, completed in 2023, features 100,000 square feet of office space, 50,000 square feet of retail space, and includes the Freed-Montrose Library branch, with a price per square foot of $727.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $137,600,000
  • Address: 888 Westheimer Road
  • Market: Houston
  • Acres: 2.4
  • Square Footage: 189,000
  • Price per Square Foot: $727
  • Buyer: Jeffrey C. Hines & Laura Hines-Pierce - Hines
  • Seller: Steve Radom - Radom Capital

Hines Global Income Trust acquired the Montrose Collective from Radom Capital, marking a significant transaction in the Houston real estate market. The deal was facilitated by the representatives of both parties, enhancing the strategic objectives of the involved companies.

Players

Jeffrey C. Hines
Hines
Jeffrey C. Hines
25 deals$3.8B volume
BUYER
Laura Hines-Pierce
Hines
Laura Hines-Pierce
35 deals$3.7B volume
BUYER
Hines
Hines
BUYER
Steve Radom
Steve Radom
2 deals$137.6M volume
SELLER

Details

SOLD
IMAGE: Steve Radom, Jeffrey C. Hines & Laura Hines-Pierce DATE: 08/19/2025 ADDRESS: 888 Westheimer Road MARKET: Houston ASSET TYPE: Mixed-use ~ ACRES: 2.4 BUYER: Jeffrey C. Hines & Laura Hines-Pierce (@TXHines57) - Hines (@Hines) SELLER: Steve Radom (@SteveRadom) - Radom Capital (@RadomCapital) SALE PRICE: $137,600,000 SF: 189,000 ~ PPSF: $727 NOTE: Hines Global Income Trust bought the fully leased 189K-SF Montrose Collective in Houston for $137.6M, or about $727 per SF — setting a new local record. The mixed-use project, completed in 2023 by Radom Capital, includes 100K SF of office, 50K SF of retail, and the Freed-Montrose Library branch.

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