Preston Young, co-managing partner in Stream's Houston office,says some renovations are expected on the industrial side of theassignment, but none for the office addition. Colony Crossing,owned by McShane Corp., was developed in 2004 and is 40% leasedwhile the 800,000-sf portfolio, owned by DCT Industrial Trust Inc.in Denver, is five years old and hovers 90% leased.

The class B office space, made up of the 24-year-old TimberwayOne at 15990 N. Barkers Landing Rd. on the west side andsix-year-old Reserve at Greens Crossing II at 11410 Greens CrossingBlvd. in the Greenspoint submarket are owned by London-basedStrategic Real Estate Advisors. The buildings are 83% leased.

Young tells GlobeSt.com that the main strategy on most of theportfolio is an ability to offer large blocks of contiguous space,which is at a premium in many Houston submarkets. On the officeside, especially, there is an opportunity to hike rents as leasesroll. "I'd say both properties are positioned to where there willbe some significant rent appreciation over the next several years,"he adds.