JLL Capital Markets arranges sale of Greenway Plaza office property

HOUSTON, Aug. 24, 2026 –  JLL Capital Markets announced today that it has closed the sale of 3411 Richmond, an 82,692-square-foot office building in Houston’s Greenway Plaza submarket.

JLL represented the seller, The Dinerstein Companies, and Transwestern represented the buyer, HRGI Development, LLC.

3411 Richmond is a seven-story office building that was originally built in 1968 and fully renovated in 1996. The value-add property is 89% leased to tenants, including DMC Builders.

The property has an irreplaceable infill location along Richmond Avenue, immediately adjacent to Greenway Plaza and the city’s newest and most ambitious development project, The RO. When complete, The RO will include 1.3 million square feet of Class AA office space, 738 luxury residential units, 105 boutique hotel keys, 44 branded residences and 70,000 square feet of retail and restaurant space. 3411 Richmond also offers convenient access to Interstate 69 and Loop 610, which provide freeway connectivity to virtually all of the Houston MSA.

Houston’s population has grown 60% since 2010 and another roughly 400,000 residents are forecasted to be added by 2028. The low-cost of living, favorable tax climate and high-quality of life are a strong draw for residents and businesses, with more than 50 corporations headquartered in the city.

The seller was represented by JLL Capital Markets Managing Director Marty Hogan as well as David Anderson with Cresa. Transwestern Executive Vice President Evelyn Ward and Vice President Paula Musa represented the buyer.

“The sale of 3411 Richmond provides a new owner the opportunity to consolidate their offices into one location and capitalize on the building’s location next to one of the most anticipated redevelopments in the city,” said Hogan. “There has never been a greater opportunity to purchase value-add office properties in the right markets and create exceptional return on your investment.”

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.

For more news, videos and research resources, please visit JLL’s newsroom. 

The Dinerstein Companies has more than 70 years of experience developing multifamily properties in high-growth submarkets across the country. To learn more, please visit: www.dinersteincos.com.

Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. We own, lease and operate $64 billion¹ in assets. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance. Learn more at transwestern.com.

¹Includes all Transwestern enterprise assets and its RAUM as of April 1, 2026

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.