Stream to Lease 2 Houston Office Buildings
Unilev Capital tapped the firm to handle properties in the Greenway and Galleria submarkets.
3555 Timmons. Image courtesy of Stream Realty Partners
Unilev Capital has selected Stream Realty Partners to lease and market two of its Houston office buildings.
Stream’s Senior Vice President Brad Fricks and Vice President Matt Asvestas will serve as leasing agents for 3555 Timmons; Vice President Matthew Seliger and Senior Associate Danielle Rothchild will head up leasing for 4550 Post Oak Place.
Avestas and Rothchild also handle leasing at a 216,889-square-foot office building in Houston’s Greenspoint submarket. Stream landed the assignment in November.
Two Unilev office properties
Situated in the Greenway submarket, the 14-story 3555 Timmons came online in 1982, encompassing 225,895 square feet, according to CommercialEdge data. Unilev acquired the asset in 2012 and invested more than $3.2 million in property improvements, including an updated lobby and conference room.
The building’s current tenants include Victory Packaging, Fisher Investments and Greenway Capital Advisors, the same data provider shows. The property is close to dining, entertainment and retail options as well as the River Oaks and West University Place neighborhoods, accessible via U.S. Route 59, Interstate 610 and the Westpark Tollway.
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4550 Post Oak Place. Image courtesy of Stream Realty Partners
The 136,327-square-foot 4550 Post Oak Place was completed in 1976 in the Galleria submarket, CommercialEdge data shows. The boutique office building is home Cypress Asset Management, Genomma Lab USA and Drillwell Energy Services, among others.
Tenants can access the property via Interstate 610, San Felipe Street and Post Oak Boulevard. Several shops, restaurants and hotels are nearby.
According to a recent CommercialEdge report, Houston’s office market recorded a 22.5 percent vacancy rate as of February, down 240 basis points over the year. However, the value was 600 basis points higher than the national rate of 16.5 percent.
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