Stream Reports Riverway Leasing

HOUSTON – (Realty News Report) – Stream Realty Partners reported leasing activity in the recently renovated Riverway buildings on the north side of the Galleria area in Houston.

Tenants signing leases to renew or expand include Northwestern Mutual, Martin Resource Management Company, ABGi, and Marcus & Millichap.

Financial services company Northwestern Mutual has renewed its lease for 41,556 SF, spanning two floors of One Riverway. Anthony Fritsche and David Anderson of Fritsche Anderson Realty Partners, LLC represented the client.

Martin Resource Management Corporation, an independent provider of marketing and logistics management for petroleum products, renewed its lease at Three Riverway for 21,935 SF. Don Foster and Samuel Slovacek of JLL represented Martin Resource Management.

Tax consultant ABGi renewed and expanded its lease by over 12,000 SF, bringing its total office space to 18,967 SF, a full floor at One Riverway. Evan Roland represented ABGi in the transaction.

In addition, Marcus & Millichap, a commercial real estate sales, financing, research, and advisory services firm, also renewed and expanded its lease. The investment sales brokerage and capital markets advisory now occupies 14,400 SF of office space at Three Riverway. Carlo Brignardello of Cresa represented Marcus & Millichap.

Houston’s office market has been soft in recent years due to weakness in energy and retraction related to the pandemic. Vacancy in the first quarter was around 25 percent. But the market registered positive absorption in the first quarter.

Co-founded in 1993 by Raymond Levy, Beverly Hills, Calif.-based Unilev has owned the two buildings for several years.

“We are pleased with Stream Realty Partners’ ability to both renew existing and attract new tenants to the One and Three Riverway office buildings,” said Raymond Levy, Managing Principal at Unilev. “The combination of their excellent marketing skills, ownership’s full renovation of the buildings, and recently added amenities has allowed us to continue to attract and retain top-quality tenants.”

Both One Riverway and Three Riverway underwent extensive renovations in 2020.

“One and Three Riverway provide Houston tenants the best value in the city,” said Brad Fricks, Senior Vice President of Stream Realty Partners. “The ownership has completely renovated the buildings and amenities. Their unwavering commitment to getting the buildings leased offers tenants incredible office opportunities.”

Fricks, Vice President Matt Asvestas, and Associate Danielle Rothchild of Stream Houston are the landlord representatives at One and Three Riverway.

Headquartered in Dallas, Stream has offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C.