STREAM Capital Partners arranged the sale of a property under a long-term lease to Gamma Aerospace, a key supply chain partner to many leading original equipment manufacturers. The 126,189-square-foot building is located in Mansfield, Texas, a suburb in the Dallas-Ft. Worth metro. The property sold to a private group at a record high price per square foot for the submarket. Jeff Lizzo and Daniel Macks of STREAM Capital Partners represented the seller and buyer in the transaction. “The industrial market in Texas is extremely strong, particularly in the Dallas-Ft. Worth market, where more and more companies are looking to locate,” Macks said. “This is a long-term positive for the market and for Dallas-Ft. Worth in general.” “This was an attractive deal for the buyer because they get a long-term absolute triple net lease with a quality credit tenant,” said Lizzo. “Likewise, the seller was able to monetize this asset at an attractive valuation to pursue other investment opportunities. It was a great deal for buyer and seller.”

Looking to expand its hub in the Southwest Region, Florida-based Structured Cable Products Inc. has leased 53,496 square feet at Turnpike Distribution Center in Dallas to end a six-month search for significantly more space in the Interstate 30 corridor. The company is in the process of moving into Turnpike 11, located at 3665 La Reunion Parkway, Dallas, where it’s leased more than 44 percent of the project. Structured Cable is picking up nearly 22,000 square feet of extra operating space with its relocation from Arlington. Brock Wilson, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services, and Joe Santaularia, first vice president, represented Structured Cable Products in the site search and long-term lease negotiations. John Gorman of Holt Lunsford Commercial represented the landlord, Dallas Industrial TT LLC. The 1980s-era structure, totaling 120,466 square feet, was renovated in 2019. “We looked all over. This distribution center fit perfectly with our client’s requirements,” Wilson said. “The landlord was extremely easy to work with and gave concessions to further incentivize the deal.” The site search had focused on industrial buildings with clear heights ranging from 24 feet to 32 feet, an end cap position and ample dock doors. “This project hit all three of Structured Cable’s requirements,” Wilson said, citing the ability to stack pallets four high. Structured Cable is a leading global manufacturer and supplier of low-voltage cables and accessories for the commercial and residential markets. It also has manufacturing and distribution facilities in Florida, California and The Netherlands, which services the EMEA region.

Constant Investments, Inc. dba Mortgage One Group leased 2,218SF at 17300 N. Dallas Parkway in Dallas, TX for 3 years. Julee Nguyen with Citiwide Properties Corp. represented the tenant and Noah Burns represented the landlord, Hartman Income REIT.