HOUSTON, TX – December 19, 2019 – Stream Realty Partners (Stream), a national real estate services, development, and investment company, today announced that Common Desk, a Texas-based coworking firm, has signed an agreement with MetLife Investment Management on behalf of an institutional client to operate 29,093 square feet of coworking space at 3040 Post Oak Boulevard, a Class A office building located in the Galleria submarket.
“Common Desk is thrilled to work with an elite institution like MetLife Investment Management for 3040 Post Oak. We’ve enjoyed having the opportunity to join forces with Stream alongside another institutional owner in Dallas, and we’re excited to work closely with them again in Houston,” said Dawson Williams, Head of Real Estate at Common Desk. “3040 Post Oak is a beautiful project in a bustling Houston submarket, and we look forward to working with Stream and MetLife Investment Management to provide hospitable, experiential coworking to professionals in the Galleria.”
Within 18 months of being awarded the leasing and management of 3040 Post Oak, Stream has executed a total of 132,906 square feet of leases or agreements on behalf of MetLife Investment Management and the firm’s clients. The addition of Common Desk will take the building to 90 percent leased.
Stream’s Ryan Barbles and Mathew Volz represented the owner and Common Desk represented themselves in the transaction.
“MetLife Investment Management truly understands how to get buildings leased in a competitive market, and as a result, we’ve been able to bring this building to full occupancy in a very short time frame,” said Volz, vice president at Stream. “The team’s determination, market intelligence and creative deal structuring brought this deal to fruition. We are all really excited to have a premier coworking operator such as Common Desk become our newest addition at 3040 Post Oak.”
Common Desk is set apart from other coworking brands by its elevated, all-inclusive model that brings all of its amenities and offerings to its members at no extra cost outside of their monthly membership prices. Common Desk’s 3040 Post Oak location will feature its coffee brand–Fiction Coffee–in-house, as well as custom art and finishes throughout the space, private offices for growing teams, hospitality suites for enterprise users, and full-service workspace amenities.
The 22-story, 426,009-square-foot office building features a grand lobby with marble floors, modern finishes and an expansive tenant lounge, and is part of the four-acre Lakes on Post Oak development nestled in the heart of the Galleria. The property is located off Hidalgo and Post Oak Boulevard with convenient access to Loop 610, offering an abundance of amenities, including restaurants and most notably, the Galleria.