Tag: Houston

West Houston office building undergoes multi-million-dollar reno; sees flurry of leasing activity

Posted on by Mia Goulart

Stream Realty Partners has leased more than 74,000 square feet at a West Houston office building as ownership announces a multi-million-dollar capital improvement project.

Eldridge Oaks, located at 1080 Eldridge Parkway and adjacent to Terry Hershey Park in the highly desirable Energy Corridor, is owned by national real estate investment firm, Broadshore Capital Partners, on behalf of its clients.

Broadshore worked with Stream Houston, IA Interior Architects, and OJB to reimagine the building’s identity and create an environment focused on the health and wellness of its occupants. Stream, a national commercial real estate firm offering an integrated platform of services, provides leasing, property management, and construction management services at Eldridge Oaks. Senior Vice President Brad Fricks and Vice President Matt Asvestas serve as leasing agents.

O’Donnell/Snider Construction is overseeing the construction, which will be completed this fall.

Eldridge Oaks’ proximity to Terry Hershey Park as a natural amenity is a competitive advantage few buildings can offer. A robust fitness center also offers direct connectivity to the park trails. The renovation includes thoughtful programming of outdoor amenities to further enhance the tenant experience and attract companies seeking employee-centric office spaces. Improvements underway include a complete update to the first- and second-floor lobbies, a conference center and on-site food services. Also on tap is a connected, collaborative tenant lounge space and enhancements to other building common spaces.

Global engineering company Gulf Companies recently signed a 52,148-square-foot-lease at Eldridge Oaks. Beau Bellow of JLL represented the tenant.

Other notable transactions at Eldridge Oaks include:

  • Ryder Integrated Logistics executed a 7,141-square-foot lease. Gary Lawless of Cresa represented the tenant.
  • VsmSQ Structural Engineers executed a 6,161-square-foot lease. Anthony Fritsche of Fritsche Anderson Realty Partners represented the tenant.
  • CCL Global leased 4,739 square feet. The tenant was represented by Scott Visin of Cushman & Wakefield.
  • Hanwha Global Investments Corporation secured a 2,616-square-foot lease. Tripp Pruet with Stream represented the tenant.

Eldridge Oaks is a 14-story, Class A office tower built in 2009 offering a variety of amenities including on-site property management, 24/7 security, and an above-market parking ratio. The building can accommodate tenants ranging from 3,000 square feet to 235,000 square feet and has move-in ready speculative suites available.

The LEED® Gold Certified building provides immediate access to Terry Hershey Park hike and bike trails, and a plethora of walkable restaurants, bars, hotels and lifestyle retail at The Enclave on Eldridge and Plazas at The Parkway retail development across the street.

McNair Interests breaks ground on second phase multifamily On the Trails development in Westchase District

Posted on by Mia Goulart

The commercial real estate development arm of Houston-based McNair Interests is expanding its multifamily footprint in west Houston. With a focus on the acquisition and creation of thoughtful places for people to live, work and rest, the development team is building on the success of its first phase Remy on the Trails community and has commenced construction on a yet unnamed, second phase “On the Trails” community. This project is part of the larger, 24-acre lakefront enclave located on Deerwood Road at 400 West Sam Houston Parkway South in the Westchase District.

Anticipating resident move-in by Summer 2024, the second phase multifamily community at 10505 Deerwood Road spans 6.8 acres and will include an open-to-the-public, 2,000-square-foot all-day café to be run by an established local operator. The project encompasses approximately 200,000 net rentable square feet over four stories with conditioned corridors and private storage, private garages and surface level parking. The unit mix consists of 221 one-, two- and three-bedroom apartment units with floorplans averaging nearly 900 square feet, with the three-bedroom units maxing out at nearly 1,500 square feet.

Community amenities include an expansive club room and lounge, fitness center with Peloton bikes and various virtual training options, bicycle storage, dog park, indoor/outdoor fire pits, a network of outdoor courtyards and pool area with cabanas and grills alongside the private lakefront and its walking trail. The property will also have extensive indoor and outdoor work-from-home areas, ranging from private and communal workspaces to meeting rooms, as well as level-two electric vehicle charging capabilities for residents.

Industry leading partners are lender Cadence Bank, general contractor Arch-Con, The Preston Partnership for architecture, interior architecture by design firm MaRS and Kimley-Horn for landscape architecture.

McNair purchased the Deerwood propertyin 2020 and later unveiled a three-acre lake with a dock and walking trail. The first phase, 330-unit apartment community, Remy on the Trails, opened in late 2022. Remy continues to see strong rental traffic since its debut and is currently over 60% leased. Development plans for the future 4.6-acre third phase are being evaluated.

Collaborating on the structural aesthetic of Remy on the Trails, and the just announced, phase two, are The Preston Partnership and MaRS, an award-winning Houston design firm that has worked with the McNair development team on multiple projects over the years and brings a hospitality eye to On the Trails. In phase two, MaRS is modifying the aesthetic to also appeal to a more mature demographic with sophisticated colors and finishes that capture a chic, timeless elegance. As with the initial phase, a primary objective is to create spaces that residents want to activate, as opposed to just being appealing on the initial walk around tour, especially for more discerning renters by choice.

Ideally situated near Westchase District campuses like CityWestPlace, On the Trails is in close proximity to popular business and entertainment offerings including the Energy Corridor, Memorial City, CITYCENTRE, Town & Country Village and Chinatown. Terry Hershey Park and Buffalo Bayou, under a half-mile away, are easily accessible via a network of hike and bike trails.

Kelsey-Seybold Clinic leases space in Woodway Square Center in Houston

Posted on by Mia Goulart

Kelsey-Seybold Clinic has leased the 20,000-square-foot anchor space in the Woodway Square Center located at 6401 Woodway Drive at Voss Road in Houston.

Greg DeGeorge represented the landlord DeGeorge Properties II, LLC in the lease negotiations and John Wise, manager of real estate, handled negotiations for Kelsey-Seybold Clinic. The clinic will provide both primary and specialty medical care services.

JPMorgan Chase Tower signs 150,000 square feet in lease expansions

Posted on by Mia Goulart

Hines and Cerberus Capital Management, global real estate firms, recently announced a total of 152,946 square feet of lease expansions at JPMorgan Chase Tower, an iconic 75-floor, 1.65 million-square-foot office tower located at 600 Travis Street in Houston, Texas. The building is currently 84% occupied.

The tenant expansions include:

  • JPMorgan Chase Bank: expanded to 315,430 square feet from 255,886
  • KKR: expanded to 52,534 square feet from 23,291 and was represented by Jon Lee, CBRE
  • Bradley Arant Boult Cummings, LLP: expanded to 45,125 square feet from 22,082, extended the lease term, and was represented by Lesa Nickelson French, Savills
  • M6 Midstream: expanded to 34,673 square feet from 22,575, extended the lease term, and was represented by Mark Russell, Newmark
  • J.B. Poindexter & Co: expanded to 26,484 square feet from 15,892, extended the lease term. and was represented by David Bale, JLL
  • Proman USA: expanded to 22,008 square feet from 13,673, extended the lease term and was represented by Bill Boyer, CBRE

JPMorgan Chase Tower, Texas’ tallest office tower, was designed by renowned architect I.M. Pei. In 2021, an urban park and architectural entry with abundant natural light were completed, as well as an expanded hospitality-inspired first floor lobby with gathering areas for both large and small groups. The iconic Sky Lobby on the 60th floor was reconfigured to offer more collaboration space for tenants with views of the city. The renovation also included the addition of a modern and multi-functional 10,000-square-foot conference center on the second floor with a dedicated concierge.

Amenities include green space and outdoor gathering areas; on-site restaurants and retail including Starbucks, Otto’s BBQ, Maggie Rita’s, Brown Bag Deli and Leaf & Grain (coming soon); spectacular city views from the 60th floor Sky Lobby; access to a 280-seat auditorium at 601 Travis; a 7,000-square-foot fitness center with locker rooms and showers; secured bike storage; VIP parking below JPMorgan Chase Tower; a 12-level tunnel-connected parking garage with destination elevators; EV charging stations in both the 600 Travis and 601 Travis parking garages; and on-site Hines management team and 24/7 security.

The LEED Gold designated and Energy Star rated building is located in the heart of Downtown Houston, offering easy access to theaters, retail, restaurants, nightlife, and hotels. The building’s prominent location also delivers accessibility to the Central Station METRORail stop just one block away, several tunnel access points, convenient access to major roadways including I-45, I-10 and I-69, and three entry points to the parking garage at 601 Travis.

Bridger, Beasley and Michael Anderson of Cushman & W

The American Institute of Architects (AIA) Houston selects AMB Architects as 2023 Firm of the Year

Posted on by Mia Goulart

The American Institute of Architects (AIA) Houston selected AMB Architects as the 2023 Firm of the Year. The award is given annually to a Houston architecture firm that has consistently produced distinguished architecture for at least ten years and made significant accomplishments in both the profession and community.

It’s the accomplishments in the profession and community that made AMB stand out to judges. The firm’s tagline, Creating Positive Change Through Design, speaks to both the clients who benefit from AMB’s work, and the AMB employees behind it. Since opening in 2006, AMB has tackled long-standing issues in the profession, encouraging more women to get into and stay in architecture, eschewing excessively long work hours, providing schedule flexibility, embracing technology and checking egos at the door.

On the question of great architecture, the firm has won dozens of design awards. More importantly, the firm has over 100 happy clients, several of whom have been around since AMB opened their doors. Repeat clients, that seems like a better testament to great architecture.

A very short list of AMB’s standout projects includes the Lonestar Legal Aid headquarters in Houston, The Hub at The Galleria, Pediatrix urgent care centers around Houston, and the Intuitive Machines lunar operations center at the Houston Spaceport.

Alyse Makarewicz, AIA, founder of AMB Architects, accepted the award alongside other AMBers at the recent Architecture Center Houston/AIA Houston Celebrate Architecture Gala.

MDH Partners acquires 600,000-square-foot industrial building in Houston

Posted on by Mia Goulart

MDH Partners announced the acquisition of South Belt Central Building 4, a 603,389-square-foot, Class-A industrial building located in Houston. Georga Rowe served as the acquisition lead for MDH Partners. Trent Agnew, Charles Strauss, and Tom Weber with JLL represented the seller.

South Belt Central Building 4 is located within South Belt Central Business Park, a 3.3 million-square-foot industrial park situated on 36.9 acres of land. Delivered in 2023, the property features 442 parking spaces, 196 trailer parking spaces, ESFR sprinkler systems and 36-foot clear heights. South Belt Central Building 4 is ideally positioned in the South Houston industrial submarket with frontage on Beltway 8, and located just 2.7 miles east from US Highway 288, providing excellent connectivity. The property has convenient access to the Port of Houston, Downtown Houston, Texas Medical Center and the population base of South Houston.

According to JLL, the Houston industrial market saw 5.5 million square feet of space absorbed in the first quarter of 2023 and at the end of the quarter, only 6% of the region’s industrial space remained vacant. In addition, the strong competition for space in Houston has caused asking rates to grow, with the average rental rate increasing by 15% from the same period in 2022. 

South Belt Central Building 4 increases MDH Partners’ Texas footprint to more than 3.9 million square feet. In April, the firm acquired Fort Worth Logistics Hub, a 670,914-square-foot, Class-A industrial building occupied by Samsung SDS America and located in Fort Worth, Texas. MDH Partners has remained active this year, acquiring nearly five million square feet of industrial assets throughout the U.S. since last January. The firm recently expanded its portfolio into new markets including California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania, and currently owns more than 101 assets across 20 states.