HRGI Development Acquires 3411 Richmond Avenue Office In Houston From The Dinerstein Companies

The property involved in this transaction is an office building located at 3411 Richmond Avenue, Houston, TX. This asset has a square footage of 82,692 and is 89% leased, highlighting its value-add potential within the market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 3411 Richmond Avenue
• Market: Houston, TX
• Asset Size: 82,692 SF
• Buyer: HRGI Development, LLC
• Seller: Brian Dinerstein - The Dinerstein Companies
• Buyer's Representative: Evelyn R. Ward & Paula Musa - Transwestern
• Seller's Representatives: Marty Hogan - JLL; David Anderson - Cresa

JLL Capital Markets facilitated the sale, successfully marketing the property for the seller The Dinerstein Companies, while Cresa also contributed to the marketing efforts. Transwestern represented the buyer, HRGI Development, during the transaction.