Newcor Announces Landmark Sale in The Galleria

Sale of Prominent 3-Acre Redevelopment Site on the West Loop Signals Shift in Galleria Market

Houston, Texas - January 3, 2025 - Newcor Commercial Real Estate announces the successful sale of a prime 3-acre parcel located at 1625 West Loop South in the Galleria market of Houston, Texas. The property, which was formerly an operating hotel on 3 acres, was sold by KB Houston Galleria, and acquired by KNA Partners. Rob Banzhaf, Founder and CEO of Newcor, represented the seller in this milestone transaction.

The irreplaceable site is located along the West Loop northbound feeder between Post Oak Blvd and San Felipe. The site is adjacent to Amegy Tower and directly across from the Post Oak Hotel. The property has access from the West Loop feeder as well as Post Oak Park. The strategic location of this property will provide the new owner with an excellent opportunity for redevelopment to take advantage of the access and visibility while serving the neighboring office and residential tenants.

“Handling the sale of a high-profile site such as this was a valuable undertaking. Throughout the marketing process we had interest from a multitude of buyers including high-rise multi-family developers, corporate HQ office tenants, Entertainment retail tenants, and local Family Offices. Ultimately we were able to successfully match the property with a long-time Houston developer who will look to immediately redevelop the property into a mixed-use asset to serve the burgeoning Galleria/Uptown market,” stated Rob Banzhaf.

The Buyer, KNA was represented in the transaction by Meredith Cullen with Newmark and Sam Arnold with Cullen Properties.

Read the full news story → Bisnow Article or Houston Business Journal

For further details about this acquisition or to learn more about Newcor and its services, please contact:

Rob Banzhaf | Rob@newcorcre.com | 281.210.0093

About Newcor:
Newcor consists of three companies - Brokerage, Investment, and Development. The “Cor” Purpose of Newcor is to Faithfully Serve All Relationships by Creating and Adding Value through Expertise in Commercial Real Estate.

Newcor
2170 Buckthorne Pl, Ste 150
The Woodlands, TX 77380
Main: 281.210.3090
Website: newcorcre.com
E-mail: info@newcorcre.com