Triyar Realty Group appointed Partners Property-formerly known as NAI Partners – to oversee the leasing activity at River Oaks Tower, a recently renovated office building in Houston.
Built in 1984, River Oaks Tower is over 143,000 square feet. In 2009, the owner of the property, a family business, finalized a cosmetic renovation that included upgrades to the lobby, walls and floors.
Vice Presidents Michael Sieger, Andy Parrish and Lesley Rice of Partners Real Estate’s office project leasing team will lease the property. Earlier this month, the same Partners Real Estate team was tapped to manage the leasing activities at 2200 W. Loop S., a 202,999-square-foot office property in Houston’s Galleria submarket.
Located at 3730 Kirby Drive in Houston’s Greenway / Upper Kirby area, River Oaks Tower is located north of Highway 59, about 5 miles from the city’s downtown area. A variety of dining and retail options are within walking distance of the property.
Manuel Gonzales, Lemon Peel Facial, Tilton & Tilton, Logo Houston and Unique Development Group are among the property’s tenants. River Oaks Tower still has 35,818 square feet of available space for lease.
According to a recent CommercialEdge report, office vacancy rates continue to rise nationally. As of October 2022, Houston topped the US for the highest vacancy rate among major markets, with the rate standing at 25.16 percent. Atlanta followed with a vacancy rate of 21.08 percent.
On the other end of the spectrum, the South also witnesses some of the lowest vacancy rates nationwide, with Charlotte and Miami keeping the bar low at 12.50 and 12.72 percent, respectively.