Stream Realty Partners Brings 12000 Aerospace Avenue to Full Occupancy with New Lease Signing

January 25 2 min read

HOUSTON, TX – January 25, 2020 – Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce that it represented ownership, Gemini Rosemont Commercial Real Estate, in an 18,900-square-foot, full floor lease transaction to Hargrove Engineers + Constructors at 12000 Aerospace Avenue in Houston. This new lease brings the Clear Lake office property to full occupancy. Stream Houston office broker Matthew Asvestas represented Gemini Rosemont in the transaction. 

We’re honored that Hargrove Engineers + Constructors has chosen 12000 Aerospace as their new home,” said Jeff Schweitzer, Asset Manager at Gemini Rosemont. “Their recent signing has brought the asset to 100 percent occupied, with the support of a dedicated Stream team committed to achieving leasing success at our property, helping us to close over 44,000 square feet of leases.”

Located in the Clear Lake submarket just east of I-45, the 80,000-square-foot office property offers immediate proximity to the rapidly evolving Southeast Houston region. 12000 Aerospace Avenue provides tenants with
 exceptional multi-directional regional accessibility through I-45, Beltway 8 and Texas State Highway 3. The property’s strategic location makes it the perfect site for convenient access to Southeast Houston’s key employment centers, residential neighborhoods, retail and dining options, or for those seeking proximity to NASA or Ellington Airport. Recent building renovations include updated common area finishes and a gorgeous granite lobby. The property also boasts a generous six per 1,000-square-foot parking ratio for users with high density parking needs.

“Where most of Houston has struggled due to energy exposure, the Clear Lake office market has performed consistently well over the years,” said Asvestas, Senior Associate
 at Stream. “Currently, the Clear Lake market is 87.1 percent leased, compared with an occupancy rate of 80.2 percent for the overall Houston area. With its convenient access and proximity to amenities, 12000 Aerospace has been an appealing choice for a diverse tenant base of office users.”

The building’s tenant roster also includes Orion Marine Group, Electrical Consultants, TorcSill Foundations, Royal Harbor Partners and Army Corps of Engineers. Charlie Neuhaus with NAI Partners represented Hargrove Engineers + Constructors in the transaction.