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Stream’s Houston Team Secures 16k SF Lease at Westchase Oaks

HOUSTON, TX – August 18, 2021 – Stream Realty Partners (Stream), a national real estate services, development, and investment company, announced today that they executed a 16,135-square-foot lease with Shaw Systems Associates, LLC, at Westchase Oaks (10111 Richmond Ave.) on behalf of their client Westchase Corporate Center Holdings, LLC, an entity controlled by AEW Capital Management. This lease marks the largest relocation into the Westchase submarket this year.

Bob Norberg, Asset Manager at AEW Capital Management, said, “We are thrilled that Shaw Systems are relocating their Houston headquarters to Westchase Oaks. The building offers their employees a dynamic work environment with superior freeway access and a lot of great nearby amenities. We know that they will be very happy in this new space.”

Westchase Oaks boasts a highly efficient rectangular floorplate with the ability to easily accommodate a wide range of tenants. Located at the hard corner of Richmond Avenue and Westchase Place, the building provides convenient ingress/egress and building signage opportunities. The property has additional space available for lease ranging in size from 1,141 to 60,457 square feet.

Stream’s Matthew Asvestas, Senior Associate, said, “As many companies in Houston begin migrating back into the office, we are seeing a real war on talent and employee offerings. Smart companies like Shaw Systems are proactively identifying opportunities within a competitive market to leverage their real estate as a differentiating factor in their recruitment and retention. We fully anticipate more leasing from innovative occupiers to take place at Westchase Oaks.”

Asvestas and Adam Ross, Senior Associate, with Stream represented the landlord and Scott Covington of S.E. Covington & Co. Commercial Real Estate Services represented the tenant.

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