SLS Properties has scooped up TwentyFour25, the 11-story I.M. Pei-designed office tower at 2425 W. Loop South in Houston’s Galleria, and is now busy sprucing up the vacant high-rise for a fresh run at the leasing market. The roughly 285,000-square-foot property is getting systems and amenity upgrades under its new owner. With big, contiguous floorplates and a hefty parking supply, the tower is being pitched as either a turnkey home for a single major tenant or a reimagined multi-tenant stack.
Building size, floors and amenities
TwentyFour25 measures about 284,889 square feet and offers roughly 150,000 rentable square feet across floors two through seven and about 77,000 rentable square feet across floors nine through 11, with additional space on the first floor, as reported by REBusinessOnline. On-site perks include a fitness center, conference facilities, a tenant lounge and a newly upgraded lobby and other common areas, features SLS is leaning on as part of its value-add play.
Leasing push under way
SLS has tapped Transwestern as the exclusive leasing agent to reintroduce the tower to tenants, according to a Transwestern press release. Danny Sheena, founder of SLS Properties, said they "jumped on the opportunity" because of the building’s location and upgrade potential, per Transwestern's announcement. Translation for the local office crowd: SLS thinks there is life left in this Galleria classic, if they shine it up and price it right.
How the deal came together
The tower was marketed through a bankruptcy process and moved through a court-directed sale that closed in November 2024 for roughly $27 million, according to a transaction release from Hilco Real Estate Sales. That bankruptcy path and the ownership shuffling that followed left the building largely empty, setting the stage for a hands-on buyer to step in and reposition the asset.
Why buyers are circling Houston offices
Investors and private buyers have been busy in Houston’s office market as steep discounts and a growing slate of conversions shake up where the opportunities are for value-add deals. Industry coverage has highlighted Houston as a leader in discounted office sales, with a rising pipeline of office-to-alternative conversions altering submarket dynamics around the city, per Bisnow.
What SLS is pitching
SLS’s marketing materials describe TwentyFour25 as an I.M. Pei-designed building with roughly 284,896 square feet, an eight-level parking garage, and nearly 950 parking stalls. The company says it has completed numerous mechanical and systems upgrades and is planning additional improvements to the elevated walkway that connects the tower to its parking garage, per SLS Properties’ listing. The pitch is aimed at tenants that want visibility along Loop 610 plus the efficiency of large, contiguous floorplates.
Transwestern’s leasing team is already shopping the tower to national brokers and large users, calling TwentyFour25 a standout play in the Galleria submarket while SLS continues its upgrade work. For now, the building’s full vacancy and size make it one of the more closely watched value-add office bets in Houston’s Uptown market.
