Hertz Investments Group Buys Westchase Building, Market briefs

In Houston, Hertz Investment Group of California purchased the 10-story Westchase Park Plaza office building at 11490 Westheimer in Houston. The seller of the 232,000-SF building was an entity affiliated with Parmenter Realty Partners of Miami.

The $24 million deal is the first in Texas for Hertz, a Woodland Hills, Calif.-based office investment firm founded in 1977 by Judah Hertz. The building, which recently underwent a $6 million renovation, has a 722-space parking garage.

Last year, Hertz contracted to buy the 41-story Marathon Oil Tower on San Felipe Road, near Uptown Houston, but the transaction did not close.