Eldridge Oaks is undergoing a multi-million-dollar renovation that has attracted several new tenants to the office building.
(Photo courtesy of Carla Rodriguez of Stream Realty Partners, which grants the right to use
and distribute for editorial purposes now and in the future.)
West Houston Office Building Undergoing Multi-Million-Dollar
Renovation Sees Flurry of Leasing Activity
HOUSTON, TX – July 11, 2023 – 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 adjacent to Terry Hershey Park in the highly desirable Energy Corridor submarket, 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 the occupants of the building. 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 with state-of-the-art equipment 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 state-of-the-art conference center, and on-site food services. Also on tap is a connected, collaborative tenant lounge space and enhancements to other building common spaces.
“We look forward to unveiling a new and improved building this fall featuring innovative design heavily influenced by the natural amenities Eldridge Oaks has to offer,” said James Pomeranz of Broadshore. “The building will set a new standard for the Energy Corridor submarket, and we invite tenants to experience an environment where collaboration, productivity, and success thrive.”
Global engineering company Gulf Companies recently signed a 52,148-square-foot-lease at Eldridge Oaks. Beau Bellow of JLL represented the tenant.
”We are extremely excited to be relocating to Eldridge Oaks in April 2024,” said Kent Wilfur, President and CEO Gulf Companies. “The commitment that Broadshore made to the improvements in the building was a key point in our decision to select Eldridge Oaks as our new head office location. Our team is looking forward to taking advantage of all the amenities the building has to offer.”
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.
“As evidenced by the large volume of leasing activity at the building, proximity to the park as a natural amenity is a competitive advantage few buildings in Houston can offer,” said Stream’s Matt Asvestas. “Competition for the best buildings in West Houston is robust and we are excited to deliver the renovation this year and will no doubt be making some additional leasing announcements.”
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 amenities including restaurants, bars, hotels, and lifestyle retail at The Enclave on Eldridge and Plazas at The Parkway retail development across the street.
For leasing information, contact Stream Houston at 713.300.0300.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,200 professionals and now completes more than $5.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.
About Broadshore Capital Partners
Broadshore Capital Partners, LLC (“Broadshore”) was founded in 1989 (under a predecessor name) and became an SEC registered investment adviser in 1991. In 2019 the company rebranded following a buyout led by its long-time partner, The Guardian Life Insurance Company of America. Broadshore is a leading national real estate investment management and advisory services company with approximately $1.3 billion in assets under management as of March 31, 2023. The firm provides real estate advisory services to a select list of international institutions, public pension funds, insurance companies and high-net-worth individuals. Broadshore is based in Los Angeles and retains additional personnel in New York, Denver, Seattle and Phoenix. For more information visit www.broadshore.com.
###
CONTACT:
Brian J. Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033
