Partners Real Estate arranges 19,755-square-foot lease in Houston

Partners Real Estate recently arranged a 19,755-square-foot lease located at 8430 N. Sam Houston Parkway W in Houston.

Partners’ Travis Land represented the landlord, 8430 North Belt, LLC, in the transaction. Will Austin with Bridge Commercial Real Estate represented Tenant Ocean Edge Services.

Travis Land will be marketing the building next door at 8440 N Sam Houston Pkwy W, which will be available soon.

Midway signs Suderman & Young Towing Company as latest office tenant at East River

Houston-based Midway, the privately owned, fully integrated real estate investment and development firm, announced Suderman & Young Towing Company, a tug service provider, has leased approximately 6,000 square feet in East River’s Trail Head 1 (Building F) office building, adjacent to the project’s bayou-side greenspace with views of Downtown Houston.

Founded in the late nineteenth century in Galveston, Texas, Suderman & Young Towing Company has provided professional towing and ship assist services to all types of vessels in Texas Gulf ports for over a century. Headquartered in Houston, the company’s tug fleet is strategically located in the ports of Houston, Galveston, Texas City, Freeport and Corpus Christi. Its full range of tug services include ship docking, undocking and harbor assistance; vessel escort; rig and special projects; and LNG terminal vessel assistance. Suderman & Young’s diverse tug fleet, which includes Z-Tech tractor tugs, can handle any vessel size.  All tugs are ISM and AWO RCP certified.

Construction Update
As leasing momentum continues, Midway has completed building construction on three retail/office components East River’s first phase. Two office buildings (Building F and Building C), which both feature retail space on the ground floor, are now complete, as is the retail component of The Laura multifamily community. Tenants are beginning to build out their spaces, with the majority slated for completion prior to the mixed-use development’s Fall 2023 opening.

In total, Phase 1 of East River will offer 300,000 square feet of leasable office space designed to fit a wide variety of business needs; three 10,000-square-foot independent office structures dubbed The Studios at East River, which are currently under construction and geared towards businesses looking to own their own space; The Laura, a five-story, modern-industrial multifamily community of 360 apartment homes; and an additional 100,000 square feet of retail at the ground floor of the office buildings, district garage, and bayou restaurant pavilions that will fuse commerce and culture with restaurant, hospitality, retail, medical, and entertainment forming spaces.

Confirmed Tenants and Leasing Information
Retail tenants confirmed for Phase 1 include Broham Fine Soul Food & Groceries, Lick Honest Ice Creams, El Condor Coffee Roasters, Tomi Jewelry, URBN Dental, and a new event venue and rooftop bar from the owners of The Astorian. Suderman & Young joins confirmed office tenants Impact Networking, Houston Maritime Center, Method Architecture and TEAL. OJB Landscape Architecture has pre-purchased one of The Studios at East River independent office structures.

Office and retail space is still available for lease at East River, though inventory is limited and going quickly. Only one full floor of office space remains in Building C, with small and full floors available in Building F. As momentum continues for retail leasing, Midway is proud to offer discounted retail space to Fifth Ward-owned businesses.

Brandi McDonald Sikes and Sobi Qazi with SVN | J. Beard Real Estate, Greater Houston are the exclusive leasing agents for the remaining office space in Phase 1, and retail leasing is handled in-house by Lacee Jacobs and Laura Harness from Midway’s Strategic Leasing and Advisory team. Suderman & Young was represented by Griff Bandy, Partners Real Estate.

Stream Realty Partners wins two leasing assignments for Unilev properties

Stream Realty Partners’ office leasing team recently was awarded two new leasing assignments for Houston-area office buildings.

Stream, a national commercial real estate firm offering an integrated platform of services, will handle leasing and marketing for 3555 Timmons and 4550 Post Oak Place. Senior Vice President Brad Fricks and Vice President Matt Asvestas will serve as leasing agents at 3555 Timmons. Vice President Matthew Seliger and Senior Associate Danielle Rothchild will be responsible for leasing efforts at 4550 Post Oak Place.

Both 3555 Timmons and 4550 Post Oak Place are owned by Unilev, a seasoned real estate investment and management organization with a strong presence in the Houston market.

3555 Timmons is a 14-floor, Class A building in the Greenway submarket. The building is easily accessible to U.S. 59, Westpark Tollway, and Interstate 610, and is close to the residential areas of River Oaks and West University Place. Ownership has recently invested more than $3.2 million in capital improvements, including a complete lobby and conference room/training center renovation.

3555 Timmons is surrounded by a wide variety of restaurants, upscale hotels, and renowned retail. Availabilities at the building range from 1,500 square feet to 18,141 square feet.

4550 Post Oak Place is a three-story boutique office building in the Galleria submarket. The premier location offers immediate access to major thoroughfares including Interstate 610, San Felipe Street, and Post Oak Boulevard. The building features an on-site deli, covered parking, and controlled access. A myriad of popular restaurants, retail shopping, and hotels are minutes away. Availabilities at 4550 Post Oak Place range from 505 square feet to 7,653 square feet.

“Thanks to dedicated and stable ownership, 3555 Timmons and 4550 Post Oak Place are well-positioned to welcome new tenants and provide them with a top-of-the-line occupier experience,” said Fricks.

Fricks, a tenured broker with more than 31 years of office leasing experience, was recently named the Houston Office Leasing Brokers Association (HOLBA) 2022 Landlord Broker of the Year. He was recognized for his production at over nine million square feet throughout the course of his career, as well as his industry involvement and numerous accolades. With this newly awarded assignment, Fricks now serves as the leasing agent for three Unilev-owned properties: 3555 Timmons, One Riverway, and Three Riverway.

Hiffman National to manage Woodside’s newest office building in Houston’s Energy Corridor

Hiffman National, a leading commercial property management firm whose portfolio comprises 130 million square feet of office, industrial and retail space across the U.S., has been retained by Fort Worth, Texas-based real estate fund manager Woodside to manage its newest acquisition at 12012 Wickchester Lane, in the heart of Houston’s Energy Corridor.

Hiffman National will provide the six-floor, 110,000-square-foot office building with day-to-day operational oversight, tenant service, property maintenance, engineering and capital improvement oversight.

“Woodside has an incredible track record of repositioning suburban office buildings like this one as high-quality, high-value tenant space options,” said Hiffman National Senior Vice President, Sun Belt Region Jim Tainter. “In addition to vacancy upgrades and extensive capital improvement plans this year, Woodside has adopted a comprehensive spec suite program to provide move-in ready space for office occupiers of all sizes. As Houston’s office market continues to improve, it’s the updated, high-quality space with professional property management that will attract and retain tenants.”

Midway Announces New Property Management Assignment for Avenue Grove Luxury Mid-rise in Houston

Midway, the privately owned, fully integrated real estate investment and development firm, will handle property management services for Avenue Grove, a luxury midrise residential tower in Houston’s Upper Kirby District. As property manager, Midway will provide residential leasing and marketing, routine and preventative maintenance, emergency preparedness and response, risk mitigation and asset preservation.

Avenue Grove sets the standard for contemporary urban living. The 270-unit midrise opened in 2015 and offers studio, one- and two-bedroom lofts and townhomes with floor-to-ceiling windows, solar shades, hardwood floors, sophisticated marble and granite countertops, large custom closets, and patios/balconies in select units. Thoughtfully considered community amenities include a 10,000-square-foot rooftop terrace with a sundeck and pool, a fitness center, a business center, gated garage parking, concierge services and a dedicated onsite team.

Midway developed and previously managed Kirby Grove—the mixed-use district in which Avenue Grove lies—in collaboration with Upper Kirby Management District. In addition to the 330,000-square-foot multifamily community, the 11-acre development is comprised of Kirby Grove Office Tower, a 225,000-square-foot office building with 25,000 square feet of ground floor retail, and Levy Park, a vibrant six-acre park. As part of the overall Kirby Grove project, Levy Park underwent a two-year, $15 million sweeping transformation and now serves as a community focal point and a venue to host events and district-centered programming. A private lease agreement with adjacent properties provides a sustainable funding source that helps pay for the park’s operation. Kirby Grove was completed in 2017.

Avenue Grove residents benefit from Kirby Grove’s premier dining, entertainment, boutique offices and activated green spaces just steps from their front door, as well as easy access to Levy Park’s activity and event lawns, performance pavilion, dog park, promenade with seating, community garden and 7,500-square-foot rain garden, which harvests and reuses stormwater.