Group RMC Acquires 5718 Westheimer Building In Houston's Galleria District

The property involved in the transaction is a 491,092-square-foot building located at 5718 Westheimer Road in Houston’s Galleria District. The 22-story building, renovated in 2017, offers amenities including a fitness center and a full-service café.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Location: 5718 Westheimer Rd, Houston, TX, 77057
• Market: Houston
• Seller's Representative: Rick Goings (JLL)
• Buyer: Group RMC
• Square Footage: 491,092

Kevin McConn and Rick Goings of JLL represented the undisclosed seller in the sale of the property. John Ream, also from JLL, facilitated the acquisition financing through Sound Point Capital Management for Group RMC. At the time of the sale, the building was leased to approximately 68 percent capacity.