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

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.