Two commercial real estate veterans have teamed up to launch a new Houston-based development firm, Gauge Real Estate Partners.

Jeff Pate and Brian Attaway formed the company, which will primarily focus on adaptive reuse of existing facilities for neighborhood retail, creative office, last-mile distribution and urban mixed-use concepts.

The company offers principal and advisory development services, from managing joint venture and build-to-suit executions to offering tenant interior and core/shell development services. Funding will largely come from non-institutional investors interested in supporting the redevelopment of central Houston, the firm said.

Pate previously served as vice president for the industrial sector at Stream Realty Partners, where he completed 4M SF of industrial leases with an aggregate transaction value in excess of $150M, and he was recognized as a CoStar Power Broker in 2019 and 2020. Pate has also previously worked for Trammell Crow and NewQuest Properties.

Prior to the move, Attaway served as vice president at Trammell Crow and project manager at Harvey Builders. Over the span of his career, Attaway has managed the development of commercial real estate valued at over $845M, totaling more than 5.7M SF.