Woodside Acquires Houston Energy Corridor Office Building, Awards Leasing Assignment to Stream Realty Partners
Texas-based real estate fund manager Woodside has purchased 12012 Wickchester from CapRidge Partners.
The six-floor, 110,000-square-foot office building is in the heart of the Energy Corridor between the major thoroughfares of Kirkwood Road and Dairy Ashford Road. 12012 Wickchester offers direct access to the Katy Freeway, Highway 6, and Beltway 8 and is surrounded by a wide variety of restaurants and retail. Spring Branch Independent School District is nearby.
Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, has leased 12012 Wickchester for six years. Woodside will retain Stream Houston to lease the jewel-box building, with Vice President Matt Asvestas and Managing Director Ryan Barbles serving as the leasing agents.
“12012 Wickchester has benefited greatly from Houston’s westward population growth,” Asvestas said. “The building has been positioned as a high-quality value option in the Energy Corridor for years. Woodside is further embracing this by offering more competitive lease rates and substantial capital upgrades throughout the project.”
Woodside has adopted a comprehensive speculative suite program to provide move-in ready space for office occupiers of all sizes. In addition to vacancy upgrades, Woodside plans to make extensive capital improvements to the building this year including HVAC updates, lobby renovations, elevator modernization, new project signage, and improvements to the parking garage and patio.
Availability at 12012 Wickchester ranges from 935 square feet to 15,000 square feet.