Hilco Closes $27M Bankruptcy Sale of 285k SF TwentyFour25 Galleria In Houston, TX

Through a contentious bankruptcy process, Hilco Real Estate Sales (HRE) proudly announces the successful sale of an 11-story, 285,000± SF Class A office building for $27 million. HRE was engaged by Galleria 2425 Trustee, Jones Murray LLP, to manage the Chapter 11 Bankruptcy sale of this property located at 2425 West Loop South in Houston, Texas.

The HRE team served as advisors, establishing a comprehensive marketing and sale process that effectively maximized interest in the asset. During a focused one-month marketing period, HRE targeted the Southwest region and the local Houston area, generating nearly 31,000 views across its listing platforms. After a competitive virtual auction, the sale resulted in two offers with the final price significantly exceeding the court approved minimum bid by $7.25 million.

Ben Zaslav, director of business development at Hilco Real Estate Sales, stated, "Our team's deep understanding of the bankruptcy process and the nuances of real estate sales allow us to help clients achieve the best possible outcomes. By providing targeted, actionable solutions and driving speed-to-value, we consistently help our bankruptcy clients maximize the value of their commercial real estate assets. This is what sets HRE apart in a competitive market."

Steve Madura, senior vice president at Hilco Real Estate Sales, added, "Executing a successful sale within a tight 30-day window required rapid and strategic marketing efforts, along with efficient management of inquiries, showings and negotiations. This urgency often necessitates compromises, but in this case, we were able to maximize the property's value while closing the deal quickly."

The sale was completed within 30 days following the sale confirmation hearing, showcasing HRE's ability to deliver exceptional results under tight deadlines.

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