Vacant 433,528 SF Galleria office building trades hands

HOUSTON, Oct. 1, 2026 - JLL Capital Markets announced today that it has completed the sale of 3000 Post Oak Boulevard, a 433,528-square-foot vacant office building in Houston's Galleria submarket.

JLL represented the seller, LNR Property, in the sale of the asset through an online auction conducted on the RealInsight Marketplace platform.

Built in 1979 and featuring a 19-story tower with efficient 22,800-square-foot average floor plates, 3000 Post Oak Blvd. offers a rare opportunity for value-add repositioning in Houston's most prestigious office submarket. The asset became available following the departure of its long-term anchor tenant, Bechtel Engineering, whose headquarters lease expired in Q4 2024. The building's superior infrastructure includes a pre-cast concrete parking garage completed in 2014 with 2,238 spaces, yielding the highest parking ratio in the Galleria at 5.17 per 1,000 square feet, a critical competitive advantage in the dense urban core.

The property is strategically positioned along Post Oak Blvd. and Hidalgo St., moments from 610 West Loop and Highway 59, providing exceptional visibility to over 322,000 vehicles per day on Loop 610. The location offers direct access to Houston's major employment centers, surrounded by some of the city's most affluent residential neighborhoods including River Oaks (average home value: $2.6M), Tanglewood (average home value: $2.7M) and Memorial Villages (average home value: $2.7M).

JLL's Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Rick Goings and Marty Hogan, Senior Managing Director Jeff Hollinden and Analyst Max Myers.

"The Galleria continues to be Houston's premier live-work-play destination, and 3000 Post Oak's strategic location offers unmatched accessibility and visibility," said Goings. "With over 433,000 square feet of connected space and best-in-class parking, this asset presented a generational opportunity to acquire at a significant discount to replacement cost."

The Galleria/Uptown District spans approximately 500 acres and serves as one of Houston's key economic engines, featuring over 30 million square feet of commercial office space, six million square feet of retail space, 8,400 hotel rooms and more than 100 restaurants. The district is home to over 2,000 companies employing 83,000 professionals and generates over $3.6 billion in annual retail sales, making it the fourth largest retail complex in the country.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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