Tenant will occupy 55,000 square feet as world headquarters
Stream Realty Partners, a national real estate services, development and investment firm, has leased 55,000 square feet of office space to NetIQ, a global enterprise software company, at 515 Post Oak Boulevard in Houston, Texas. The 274,000-square-foot Class A office building is located in the Galleria submarket.
NetIQ was represented by Gary Lawless, Jr. and David Price of Cresa Houston while Brad Fricks and Paul Coonrod of Stream Realty represented the landlord, Columbia Property Trust, in lease negotiations.
?515 Post Oak Boulevard represents an ideal location for NetIQ?s worldwide headquarters ,? said Brad Fricks,Senior Vice President at Stream Realty in Houston. ?The extensive renovations have created a high volume of interest in the building, and we are in active discussionswith prospective tenants about potential leases of varying sizes for the remaining 200,000 square feet available.?
Columbia Property Trust recentlycompleted $7.5 million in renovations to 515 Post Oak Boulevard. Renovations includedupdatingthe grand circular entrance with an exclusive signage opportunity, modernization of the elevators and elevator lobbies throughout the 12-story building, updated flooring and finishes throughout the first floor, remodeling of the open atrium on the second and third floors, upgraded restrooms on each floor, installation of two new cooling towers,an updated energy management system, and upgraded garage access, with a widened entrance and new lighting.
About Stream Realty Partners
Stream Realty Partners (Stream Realty) is a national real estate services, development and investment firm. The firm represents a diverse mix of local, national, and international clients and manages a portfolio of more than 105 million square-feet of office, industrial and retail properties. Founded in 1996, Stream Realty has grown from two partners to more than 400 real estate professionals operating throughout the U.S. For more information, visit www.streamrealty.com.
About Columbia Property Trust
515 Post Oak is owned by NYSE-listed Columbia Property Trust. One of the nation?s largest office REITs, Columbia Property Trust invests in high-quality commercial office properties in primary markets nationwide and has achieved an investment-grade rating from both Moody's and Standard & Poor?s rating services. Currently, the REIT?s $5 billion portfolio consists of 59 operational buildings in 13 states and the District of Columbia, totaling 16.8 million square feet. For information on Columbia Property Trust, visit www.ColumbiaPropertyTrust.com.