HOUSTON — (Realty News Report) — Coventry Real Estate Advisors and The Dinerstein Companies have sold Millennium High Street, a mixed-use apartment and retail development in Houston’s River Oaks District.
The six-acre property at 4410 Westheimer, just east of Loop 610, was acquired by Galium Capital.
Miami-based Galium Capital owns multiple multifamily assets in the Galleria/Uptown submarket, including the 431-unit Tate at Tanglewood, the 361-unit Fairmont on San Felipe and the recently purchased 340-unit Millennium High Street apartments.
Millennium High Street includes approximately 26,000 square feet of commercial space, with tenants such as Fidelity Investments and the Seasons 52 restaurant. The LEED Gold–certified development totals about 332,984 square feet and was completed in 2013, located nearly across the street from the former Tokyo Gardens restaurant site.
JLL’s Matt Kafka represented the sellers in the transaction.
Founded in 1955, Houston-based The Dinerstein Companies has developed roughly 50,000 residential units over its history. Dinerstein is currently constructing Aspire Post Oak, a 40-story, 383-unit residential tower at San Felipe and Post Oak Boulevard.
Coventry Real Estate Advisors, led by President and CEO Peter Henkel, has invested more than $3 billion across 212 properties totaling about 21 million square feet in 43 states.
Galium Capital, led by Iser Rabinovitz and Jacques Bessoudo, also owns around 200 single-family homes in addition to its retail, office and multifamily holdings.
Sept. 22, 2021 Realty News Report. Copyright 2021.
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File: Galium Continues Houston Buying Spree
Photo: Courtesy Coventry Real Estate Advisors and The Dinerstein Companies