Stream Realty Closes 72 KSF Houston Office Leases
- May 29, 2018
Stream Realty has completed two office lease transactions totaling roughly 72,000 square feet in Houston. The deals involved tenants GTC Technology International and Munsch Hardt Kopf & Harr P.C. Earlier this year, Stream represented the landlord in an 18,463-square-foot lease with the Greater Houston Community Foundation at 515 Post Oak Road.
A global licensor of process technologies, GTC Technology signed on for 41,846 square feet at 900 Threadneedle St., a 188,575-square-foot office building in the city’s Energy Corridor. The 1982-built property underwent extensive renovations in 2016 and has been part of Accesso Partners’ portfolio since August 2012, according to Yardi Matrix.
Stream Managing Director Anthony Squillante and Vice President Josh Morrow represented GTC Technology, while Bob Cromwell and Kevin Nolan with Moody Rambin worked on behalf of the landlord in the negotiations.
“(The property) provides the perfect environment for our client to run its growing business given its location (close) to amenities in the Energy Corridor submarket,” Squillante said in prepared remarks.
Munsch Hardt Kopf & Harr P.C. renewed and expanded its original lease by approximately 8,800 square feet at Pennzoil Place in downtown Houston. The commercial law firm will now occupy more than 30,000 square feet at the 1.4 million-square-foot office tower located at 700 Milam St. The LEED Gold-certified property underwent cosmetic upgrades in 2014, Yardi Matrix shows.
Squillante facilitated this transaction, as well, on behalf of the tenant, along with Stream Senior Associate Dustin Devine. Tyler Garrett with Transwestern assisted landlord Metropolis Investment Holdings.
“Now with 31 Houston-based attorneys serving virtually every facet of the commercial legal industry, we are able to provide clients with a greater breadth and depth of services,” explained Phil Appenzeller, CEO of Munsch Hardt, in a prepared statement.
Images courtesy of Yardi Matrix