LPC purchased the Galleria Place, a 401,271 SF campus, which consists of Galleria Place I, an 11-story building at 5251 Westheimer; Galleria Place II, a 10-story building at 5333 Westheimer; and Sage Plaza, a 5,797 SF retail building occupied by Regions Bank. The campus also has two parking garages that connect to the buildings via underground tunnels.
Galleria Place I was developed in 1969 and Galleria Place II in 1976. The campus is adjacent to the Hyatt Regency Galleria and Hyatt Place Galleria, 325-room and 156-room hotels under construction. The campus is directly across from the Galleria shopping center retail expansion.
LPC plans to spend around $10M on improvements to include amenities such as a fitness center, food service, and conference facilities. Also planned are exterior changes to the buildings, the creation of a plaza between the buildings, and improved walking ability to other area amenities.