Stone Oak Physicians Plaza I & II and Westgate Medical Center

Stone Oak Physicians Plaza I & II and Westgate Medical Center faced significant challenges when Stream was engaged. Building II of Stone Oak Physicians Plaza was less than 50% leased, while Building I, though better occupied, struggled with tenant turnover and market perception. Westgate Medical Center similarly faced outdated leasing strategies and limited tenant activity, leaving it underperforming in a competitive healthcare market. Combined, the portfolio required a creative repositioning strategy to improve occupancy and enhance its market reputation. To address these challenges, the client engaged Stream to lead the leasing and repositioning efforts.

Stream implemented a tailored strategy to reposition the portfolio and drive leasing momentum across the properties. For Stone Oak Physicians Plaza II, the team introduced capital investments, including three spec suites, to address long-standing vacancies and offer move-in-ready options for prospective tenants. These suites were marketed aggressively and fully leased before construction was completed, helping to stabilize the property. Stone Oak Physicians Plaza I benefitted from a focus on tenant retention and targeted marketing campaigns, emphasizing the property’s strong location and suitability for diverse healthcare tenants.

For Westgate Medical Center, Stream adopted a highly targeted marketing plan for each availability, aimed at attracting healthcare providers whose needs aligned with the property’s strengths. Proactive outreach and broker engagement emphasized the building’s potential as a refreshed option in the market, securing new tenant interest and improving leasing activity.