Author: Mia Goulart

Stream Realty Partners completes 156,483-square-foot speculative distribution development

Posted on by Mia Goulart

Stream Realty Partners has completed Raceway Northwest Distribution Center, a 156,483-square-foot speculative distribution development in Northwest Houston.

The new facility, which offers frontage along Fairbanks North Houston Road, provides immediate access to the Sam Houston Tollway, State Highway 249, and U.S. Highway 290. It is near Houston’s population center, providing logistical advantages to potential users. Stream, a national commercial real estate firm offering an integrated platform of services, is now offering immediate occupancy for users from 70,000 square feet to 156,483 square feet.

Raceway Northwest Distribution Center has been constructed to the most modern distribution development standards, including a front-load configuration with 36-foot clear height, 25 dock-high doors, and 109 vehicle and 22 trailer parking spaces. The development is move-in ready with speculative office space, a white-boxed interior warehouse, LED warehouse lights, and a fully fenced and secured truck court.

Kyle Fletcher, a Director in the Industrial Development Services division at Stream Houston, assisted in the development management of the project. Robinson, Senior Director Tyler Wellborn, and Director Craig McKenna also provided development oversight. Jeremy Lumbreras and Boone Smith, both Senior Vice Presidents for the Houston industrial division, oversee leasing efforts for the building.

Corporate neighbors include Amazon, The Home Depot, Panasonic, Advance Auto Parts, UPS, and Target.

Raceway Northwest Distribution Center is owned and overseen by Stream Realty Partners. Bringing over 170 years of combined experience, the Industrial Development Services division at Stream sources and executes development opportunities across a growing platform and offers a full suite of development-related services. Stream’s Investment Management Platform leverages expertise from Stream’s 15 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 31 investments of 21 million square feet and approximately $3.1 billion in assets under management.

Partners Real Estate brokers sale of 2.09 acres of land in Houston

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged the sale of 2.09 acres of land located at 50 Tidwell Road in Houston, Texas.

Partners’ Shaffer Braun, Partner – Industrial Services, Darren O’Conor, Partner – Industrial Services, and Patrick Keegan, Senior Associate, Retail Services represented the seller, Black Flag Tidwell Commercial, LLC in the transaction.

Partners Real Estate brokers sale of 387 acres of land in Briggs

Posted on by Mia Goulart

Partners arranged the sale of 368 Acres of land located at N US Hwy 183 in Briggs, Texas.

Partners’ Aaron Gill and Todd Mahler represented the seller, Rex Douglas Michel, Jr. Substitute Trustee of The Wendell Rollins Hanson Trust, in the transaction.

Partners Real Estate arranges 56,970-square-foot lease for 2020 Exhibits in Houston

Posted on by Mia Goulart

Partners Real Estate recently arranged 56,970-square-foot lease for 2020 Exhibits located at 13615 S. Gessner Road in Missouri City, Texas.

Partners’ Chris Caudill represented the tenant, 2020 Exhibits in the transaction. Lexie Curry with EQT Exeter, represented the landlord, EQT Exeter.

2020 Exhibits is a full service event marketer of interactive tradeshow exhibit technologies, event design and production, exhibit rentals, along with warehousing and storage.

San Antonio utility sells downtown event center for $5.3 million

Posted on by Mia Goulart

CBRE has arranged the sale of the Villita Assembly Building, a 24,785-square-foot event center along San Antonio’s River Walk, to GrayStreet Partners, a local private-equity firm, for $5.3 million.

CBRE’s Andrew Price negotiated the transaction on behalf of the seller, CPS Energy, San Antonio’s municipally-owned electric and natural gas utility.

Located at 401 Villita St., the free-standing building was constructed in 1958 and sits on a 1.113-acre parcel. The single-story, circular building was designed by architect O’Neil Ford and features a concave rotunda wrapped with administrative, service, and mechanical spaces and adorned with custom decorative tile and carved stained-wood entry doors. The property includes a banquet hall, kitchen and outdoor plaza area.

The building is situated along the River Walk and adjacent to La Villita Historic Arts Village in Downtown San Antonio. It is within walking distance of many amenities and points of interest, including the Alamo, Henry B. Gonzalez Convention Center, Hemisfair, Tower of the Americas, Shops at Rivercenter, and numerous restaurants and hotels.