DALLAS – September 26, 2023 – Bates Arnot will lead Stream Realty Partners’ central region Industrial Development Services division in his elevated role as Managing Director.
In his new role, Arnot will continue sourcing development opportunities throughout Texas and Colorado and other markets in the region. Arnot will manage the Industrial Development Services platform’s largest team, continue to source new development talent, and contribute to Stream’s national IDS platform’s leadership and overall growth strategy.
“We knew when Stream set out to build its Industrial Development platform that we needed Bates on our team,” said Cannon Green, National Head of Industrial Development Services for Stream. “He is a tremendous asset, and I am very proud to see him lead the central region team now. Bates is smart, hard-working, humble, and a strong leader who is able to teach. He also thoroughly understands the brokerage side of the business and can execute deals. Talent like Bates is truly unique. I look forward to watching him continue to succeed at Stream.”
Arnot originally came to Stream, a national commercial real estate firm offering an integrated platform of services, as a young industrial leasing broker in Dallas in 2009. Green, a fellow leasing broker at the time, took the initiative as Arnot’s professional mentor and business partner. The duo saw great success together.
“Since joining Stream in 2009, the firm has grown its service offering considerably, and now boasts a significantly larger portfolio,” said Arnot. “Even with this substantial growth, Stream’s unique collaborative culture driven by a talented roster of professionals, still remains it’s most powerful differentiator.”
In 2013, Arnot left Stream to learn more about industrial development at Hillwood (a Perot Company), a multinational industrial, commercial, and residential real estate development company based in Dallas. While there, Arnot was responsible for leasing, land acquisitions, development, and property acquisitions in multiple markets, including DFW, Denver, Houston, Austin, and Memphis. He was involved with over 28 million square feet of leasing and 1,170 acres of land acquisitions, representing 14.5 million square feet of industrial development.
Armed with seven years of development experience at Hillwood, Arnot rejoined Stream in 2020 to help build its new Industrial Development Services platform. Since his return, the team has accumulated 10 current projects in the central region with a total cost basis of ~ $1.1 billion. His most recent success was a start-to-finish development and forward-sale of a 300,000-square-foot industrial building to Westcore Properties executed earlier this year.
“I’m eager to lead the central region Industrial Development Services team during this incredible time of growth,” added Arnot. “When I came back to Stream three years ago, I already knew Cannon and the capabilities of this very talented team. I was confident we could accomplish great things together, and I’m proud of the work we’ve achieved so far and anticipate many more successes in the future.”