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Braun Enterprises Purchases Office Complex In Houston From Wedge Properties Management Corp

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SOLD

Texas

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Office196,000 SF
Sold 02/06/2019
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SOLD

Braun Enterprises Purchases Office Complex In Houston From Wedge Properties Management Corp

5353 W Alabama St, Houston, TX, 770...

See Similar Deals
Office196,000 SF
Sold 02/06/2019
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:196,000 SF
Transaction Type:Sale

The property involved in the transaction is an office and retail complex located at 5353 and 5373 West Alabama St in Houston, TX. The asset, with a total square footage of 196,000 square feet, was sold to Braun Enterprises. HFF facilitated the deal for Wedge Properties Management Corp, providing Braun Enterprises with an opportunity to renovate, rebrand, and attract new tenants.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Available
  • Address: 5353 and 5373 West Alabama St, Houston, TX
  • Market: Houston
  • Seller's Representatives: Kelly Layne(JLL), Wally Reid(JLL), Davis Adams(JLL)
  • Buyer: Braun Enterprises
  • Square Footage: 196,000

The deal was touted as an opportunity for Braun Enterprises to breathe new life into the complex, catering to both the local community and corporate tenants. Kelly Layne, Wally Reid, and Davis Adams from JLL represented the sellers, while Braun Enterprises seized the chance to transform the property into a modern, thriving space.

Players

Wally Reid
7 deals$111.3M volume
BROKER

Kelly Layne
JLL
1 deal
BROKER

Davis Adams
JLL
3 deals$27M volume
BROKER

BUYER

Details

SOLD
IMAGE: 02/06/2019 ADDRESS: 5353 W Alabama St, Houston, TX, 770... MARKET: Houston ASSET TYPE: Office SELLER'S REP: Kelly Layne(JLL), Wally Reid(JLL), Davis Adams(JLL) BUYER: Braun Enterprises SF: 196000

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