Vacant 433,528 SF Galleria office building trades hands

• JLL Capital Markets arranged 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

• The Galleria/Uptown District is the 15th largest business district in the United States, featuring over 30 million square feet of office space and attracting more than 30 million visitors annual

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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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.

LNR is one of the world’s largest commercial mortgage special servicers by active balance in special servicing. LNR is staffed with principal-minded, long-tenured asset managers who approach workouts and asset management with a “skin-in-the-game” mentality. Since inception, LNR has resolved over 7,270 non-performing assets with a total principal balance of over $89 billion across all major property types.