77 Sugar Creek

Stream Houston
Landlord Representation Marketing
Within nine months of acquisition, Stream completed over 29,000 SF of deals, increased occupancy by 10%, increased achieved rates from $16.00 NNN to $20.00 NNN and increased building value by 32%.
  • Situation

    • 77 Sugar Creek (previously named Two Sugar Creek) was viewed as commodity Class Aproduct in Sugar Land.
    • At acquisition, the building was 84.5% leased with $16.00 NNN as the highest starting rate achieved at the building.
    • A large tenant, totaling 14% of the building, had recently vacated the project.
    • The property lacked identity and focus of a proactive leasing and management team.
  • Action

    • Based on leasing experience in the immediate area, Stream was extremely well versed in the Sugar Land submarket and understood the tenant demand.
    • The building went to market and was acquired by Stream in partnership with Velocis.
    • The building was repositioned and rebranded to 77 Sugar Creek, giving the building an identity and making it a desirable destination for tenants.
    • Installed proactive property management and leasing teams that immediately improved existing and potential tenant relations.
    • Implemented a cost-effective marketing campaign to reintroduce 77 Sugar Creek to the market. The campaign included marketing materials, email blasts and broker outreach.
    • Marketed cost-effective select improvements in the building lobby and common areas.


  • 77 Sugar Creek is now positioned as a desirable Class A office destination in the Sugar Land market.
  • Within nine months of acquisition, Stream:
    • Increased occupancy from 84.5% to 94.0%
    • Executed 24,836 square feet of new deals at an average starting rate of $18.02 NNN
    • Executed 4,392 square feet of renewals at an average starting rate of $18.19 NNN
    • Increased the value of the building by $46.57 per square foot ($6.7 million)

Brokers Involved

Craig McKenna
Director, Industrial Development Services
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