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EY Ventures Picks Up Galleria-Area Office Asset
New York Life Real Estate Investors has sold 515 Post Oak, a 274,000-square-foot office building in Houston’s Galleria submarket. The buyer was EY Ventures LLC, a Dallas real estate investment firm.
515 Post Oak is located on a 3.12-acre site just east of the 610 West Loop.
Originally built in the 1980s, 515 Post Oak has undergone more than $1M in recent capital improvements and offers tenants amenities including a state-of-the-art fitness center, tenant lounge and game room, on-site café, technology-equipped conference areas and on-site parking.
Jeff Hollinden and Kevin McConn led JLL’s Capital Markets Investment Sales and Advisory team, which represented the seller.
“The 515 Post Oak offering generated strong interest from local operators and private capital groups due to its tremendous location in the midst of one of Houston’s strongest submarkets,” said Hollinden.
- ◦Sale/Acquisition