HOUSTON--Stream Realty Partners, in partnership with DRA Advisors LLC, has acquired 600 Jefferson from Brookfield Office Properties. The 449,087-square-foot class B office tower is located in downtown Houston.

“Stream is looking forward to drawing from our experience in repositioning infill assets to meet the demands of today's tenants at 600 Jefferson,” Craig McKenna, with Stream, told GlobeSt.com. “The asset's location, 14-foot slab-to-slab heights, efficient floor plates, parking situation, etc., create an ideal starting point for implementing this proactive strategy to create an asset with the appurtenances of new construction at an attractive price point for our tenants.”

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 Co. 

"We are excited to expand our partnership with Stream in Houston,” says Dan Goldman, managing director at DRA Advisors LLC. “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.” 

McKenna, Stewart Lyman and Adam Jackson will be handling the leasing of the project.

"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,” says Lyman, vice president at Stream. “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."