Positive News Out of Greenway Plaza, Market briefs

In Houston, CBRE has facilitated four new office leases totaling over 23,000 SF at 20 Greenway Plaza, bringing the building to over 82 percent occupancy.

Marilyn Guion and Steve Rocher with CBRE represented Stockdale Capital Partners in lease negotiations.

The new leases include:

1. TP ICAP Americas Holdings – 11,567 SF represented by Anya Marmuscak (JLL)
2. Affiliated Engineers – 6,945 SF represented by Ray Lopez (Colliers)
3. Investar Bank – 2,525 rentable SF represented by Mike Pipes (Partners)
4. TriplePoint MEP Holding. – 2,066 rentable SF represented by Marilyn Guion (CBRE)

20 Greenway Plaza is a 10-story, Class A office building totaling 433,132 SF.

“20 Greenway continues to serve Houston’s leading firms as an optimal destination for tenants seeking a unique identity, outstanding amenities and best-in-class infrastructure in one of the City’s most desirable locations,” said Leo Divinsky, Managing Director with Los Angeles-based Stockdale Capital Partners, which has owned the building since 2019.

Located on the northwest corner of Norfolk and Cummins Streets, the building provides nearby access to Highway 59 and Loop 610, and the Westpark Toll Road.

The office building, formerly called the Innova Building, was built in 1984 by Century Development in partnership with Mischer Corp.

Century, led by Kenneth Schnitzer, developed Greenway Plaza after putting together a massive property assemblage that included hundreds of single-family homes over 50 years ago. The Post-War housing was demolished and a multi-use development arose. Greenway Plaza’s ownership has evolved and splintered, but a 50-acre project with over 4 million SF of office space, near Buffalo Speedway, and Richmond Avenue.

In July, the Camden Property Trust multifamily firm reported it was leaving Greenway Plaza to occupy 104,000 SF in the Williams Tower adjacent to the Galleria.