Bankruptcy Real Estate Sale of Houston Galleria Office Tower Closes at $27.2M—$7.25M Over Minimum Bid
Class A 11-story office building in Houston’s Galleria area sold through a competitive bankruptcy real estate sale, exceeding the court-approved minimum bid by over $7 million.
$27.2M
Closing Price
30 Days
Total Marketing Period
30
Total Closing Period
Challenge
Hilco Real Estate Sales (HRE) was retained by the Chapter 11 Trustee to lead the sale of TwentyFour25, an 11-story, 285,000± square-foot Class A office building located in Houston’s prestigious Galleria submarket. The court-supervised sale required a fast, transparent process that could deliver a strong return above the minimum bid, despite ongoing volatility in the office real estate sector.
Strategy
HRE launched a targeted, high-intensity, one-month marketing campaign focused on qualified investors in the Southwest, the greater Houston area and HRE’s national database of 20,000+ active commercial real estate buyers. Core tactics included:
- Professional asset packaging & aggressive digital promotion
- Targeted outreach to local & regional office investors & REITs
- Execution of a virtual competitive auction to drive up final pricing
- Coordination with the Trustee & court to ensure compliance & rapid closing
Results
- $27.2M Final Closing Price
- $7.25M Above Court-Approved Minimum Bid
- 30 Days of Marketing
- 30 Days to Close
- Fully Remote Auction & Transaction Execution
Outcome
This transaction highlights HRE’s ability to deliver high-performance outcomes in a challenging office market. Through speed, strategy and investor engagement, HRE successfully exceeded expectations and delivered a $27.2M result in just 60 days for a bankruptcy-managed sale.