Stream Realty Partners, in partnership with DRA Advisors LLC, has announced the acquisition of 600 Jefferson form Brookfield Office Properties. The 449,087 square foot class B office tower is located in the Central Business District, just blocks from Houston’s Midtown neighborhood.
“We are excited to expand our partnership with Stream in Houston. This project represents the eighth venture between DRA and Stream, and we look forward to the opportunity this acquisition provides as we enter the Houston CBD” said Dan Goldman, Managing Director at DRA Advisors LLC.
The new ownership group is planning extensive renovations to the lobby, common areas and exterior that will immediately elevate the building to Class A quality. Major tenants include United Airlines, City of Houston and Legacy Holding Company.
“600 Jefferson provides a unique opportunity to take a position in one of the most dynamic markets in the nation, Houston’s Central Business District,” said Stewart Lyman, Vice President at Stream Realty Partners. “The building’s structural efficiency and exceptional location make it a perfect candidate for a repositioning strategy. Upon completion of renovations, the building will fit a demand set that’s not currently served in the CBD.”
Craig McKenna, Stewart Lyman and Adam Jackson will be handling the leasing of the project. For more information they can be reached at (713) 300-0300.