Stream Houston Secures Lease Extension, Office Expansion For Law Firm Munsch Hardt At Pennzoil Place

HOUSTON, TX – April 19, 2022– A Texas-based law firm has nearly doubled its office space in Downtown Houston with the assistance of Stream Realty Partners.

Stream, a national real estate services, development, and investment company, executed a lease extension and office expansion for full-service commercial law firm Munsch Hardt Kopf & Harr, P.C. The firm will nearly double its office space from 21,382 square feet on one floor to 40,833 square feet across two floors at Pennzoil Place, 700 Milam St. in Downtown Houston.

“While many firms were reducing in size over the pandemic, we had the opposite problem,” said Phil C. Appenzeller Jr., CEO of Munsch Hardt. “We were quickly growing and wanted to find a space for true integration, collaboration, and long-term success. Stream was critical in uncovering an environment that will support the evolving legal workplace and inspire our staff.”

Munsch Hardt has enlisted Gensler, a global architecture, design, and planning firm, to head the buildout. The two floors will be connected by a statement staircase that allows the totality of the new space to be used as an opportunity for interaction. The workplace will offer unique amenities to encourage corporate culture and attract talent. Houston-based Miller LaPoint Construction will serve as the general contractor.

“Munsch Hardt has maintained a watchful eye on how the return to work would affect an assemblage of attorneys, some of whom had never officed together,” said Stream Houston Senior Associate Adam Ross. “We were empowered to be bold and find an economical, long-term solution that satisfied their desire to grow and to retain, recruit, and develop talent.” Ross, Director Craig McKenna, Managing Director Ryan Barbles, and Senior Construction Manager Kristin Wall with Stream represented the tenant. Tyler Garrett with Transwestern represented the landlord in the transaction.

Jones on Main Welcomes Three New Tenants as Downtown Houston Workforce Returns

Jones on Main, the 890,380 square-foot historic building in Downtown Houston, announced today that SWA Group, Traffic Engineers, Inc., and Drumheller, Hollingsworth & Monthly, LLP. have completed their move-ins totaling nearly 30,000 square feet of office space.

SWA Group, the international landscape architecture, planning and urban design firm, expanded their lease to 16,989 square feet at the Jones on Main building in February 2022. CBRE’s Parker Duffie and Jason Presley represented the landlord, Regency Main, LLC in the transaction, while Bill Wolff of Fritsche Anderson Realty Partners, LLC represented the tenant, SWA Group, who signed a 10-year lease.

Traffic Engineers, Inc., a Houston-based specialized transportation planning and traffic engineering firm, signed a seven-year lease, moving into a 6,689 square-foot office space in March 2022. CBRE’s Parker Duffie and Jason Presley represented the landlord, Regency Main, LLC in the transaction, while Scott Fikes of Jones Lang LaSalle, Inc. represented the tenant, Traffic Engineers, Inc.

Houston-based law firm, Drumheller, Hollingsworth & Monthy, LLP., completed their move in February 2022 into a 2,489 square-foot office space. CBRE’s Parker Duffie and Jason Presley represented the landlord, Regency Main, LLC, while William Padon of CBRE represented the tenant, Drumheller, Hollingsworth & Monthy, LLP.

Stream Realty Partners to Develop a 1-Million-Square-Foot Speculative Industrial Project Near Port Houston

HOUSTON, TX – April 14, 2022 – Stream Realty Partners will develop a speculative 1-million-square-foot industrial project in a joint venture with Principal Real Estate Investors.

Stream, a national real estate services, development, and investment company, is expected to break ground in the third quarter of 2022 on Portside Logistics Center, a project at 4838 Borusan Road in Baytown, Texas. The property, located in the highly sought-after Southeast industrial submarket, offers immediate access to State Highway 99/Grand Parkway, Interstate 10, and Highway 225 and provides strategic access to Port Houston’s two container terminals – Barbour’s Cut and Bayport.

“We are extremely grateful to be growing a long-standing relationship with Stream through our partnership on Portside Logistics Center,” said Colin Frye, Asset Manager for Principal Real Estate Investors. “This project is a natural fit to continue our work together given our shared experience in the Port Houston area and the industrial sector overall.”

Portside Logistics Center will offer multiple configurations with an expandable 760,000-square-foot cross-dock building and a flexible 260,000-square-foot front-load building with a 40-foot clear height and 36-foot clear height, respectively. Intuitive ingress and egress via the Grand Parkway, which is currently being improved to Highway 146, will offer expedited access to Port Houston’s two container terminals, Highway 225, and Interstate 10. Both buildings will deliver with spec office space, LED warehouse lights, a white-boxed interior warehouse, and fully fenced and secured truck courts. The project is seeking LEED certification as part of the core and shell construction.

“The explosive population growth we are experiencing in Houston and greater Texas, coupled with the port diversification strategies many distributors are seeking, all position Houston’s Southeast submarket for continued positive momentum for the foreseeable future,” said Justin Robinson, Executive Managing Director of Stream’s Industrial Development Services division. “With serious land constraints in place for industrial development in this pocket, we feel this development opportunity perfectly positions our venture to capture this market growth and strong tenant demand.”

Kyle Fletcher, a Director in Stream’s Houston office, will assist in the development management of the ground-up industrial project. Robinson, Senior Director Tyler Wellborn, and Director Craig McKenna will provide oversight on the ground-up development.

Tyler Maner, Managing Director of Stream’s Houston Industrial division, and Jeremy Lumbreras, Senior Vice President for the Houston industrial division, will oversee leasing.