Tag: Stream Realty Partners

Stream Realty Partners secures local buyer to occupy office building in Plano submarket

Posted on by Mia Goulart

Stream Realty Partners has secured a local buyer for a two-story Plano office building with a basement showroom on the market for only 31 days.

Peacock Point LLC recently completed the purchase of 5500 W. Plano Parkway from Hacienda Care V L.P., closing within 96 days of the property being listed. Stream, a national commercial real estate firm offering an integrated platform of services, represented the seller in the transaction. Stream Dallas Managing Director Jamie Jennings and Senior Vice President Ryan Evanich served as the brokers. Pam Goodwin of Goodwin Advisors LLC represented the buyer.

5500 W. Plano Parkway offers 30,066 square feet of rentable office space and a 7,640-square-foot basement showroom/storage area. The Class A property sits on more than 2.2 acres of well-landscaped land and features 124 covered and surface parking spaces. The building was vacant at the time of sale. Peacock Point plans to occupy the facility.

Offering easy access to Dallas Love Field and Dallas Fort Worth International airports, 5500 W. Plano Parkway is in the Upper Tollway submarket and just minutes from the President George Bush Turnpike and Dallas North Tollway. Multiple well-known regional medical facilities and global corporate headquarters are within easy reach.

Dickies officially finds new headquarters in Downtown Fort Worth

Posted on by Mia Goulart

One of the world’s leading performance workwear brands has found a new headquarters in the heart of its originating Texas city thanks to Stream Realty Partners.

Dickies, a top work apparel manufacturer founded in Fort Worth, has signed a lease at 500 Taylor St. in Downtown Fort Worth to serve as its new world headquarters. Dickies will occupy approximately 84,000 square feet at the six-story, mixed-use building. 

SADA Capital Partners, a Downers Grove, Illinois-based capital and asset management company, and SADA Tower LLC, a Texas limited liability partnership, purchased 500 Taylor St. (Tower Annex) and 500 Throckmorton St. (The Tower) in June 2022. 

Stream Executive Vice President Chris Doggett and Senior Associate Cullen Donohue represented the landlord in the transaction. Vice Chairman Randy Cooper and Vice President Wills Bauer of Stream represented the tenant. Stream is a national real estate services, development, and investment firm with a growing office in Downtown Fort Worth.

Dickies has occupied space at 509 W. Vickery Blvd. as a manufacturing facility and adjacent retail store for years.  

Dickies’ new headquarters will include space for office personnel, research, and design. 500 Taylor is a part of The Tower development, offering office and retail space with a 295-unit high-end condominium development directly above. Both properties were built in 1972 and redeveloped in 2005 after a tornado struck Downtown Fort Worth. The properties feature on-site property management and six restaurants. 

SADA Capital Partners plans to upgrade the building’s facade and add new finishes and lighting along 4th Street as it seeks new retail tenants in 2023. 

Mark Dabney of BOKA Powell is leading design on the project’s exterior improvements. 

Fort Worth Tower and Tower Annex are the first purchases SADA Capital Partners has made in Texas. 

Dickies is the largest new tenant signed in Downtown Fort Worth since Oncor relocated to 777 Main St. in 2020, according to Doggett. The company’s lease will absorb the third largest contiguous block of available office space in the Downtown submarket, which has seen a host of activity. The submarket recently saw Texas A&M announce plans to expand its current campus to 675,000 square feet and Apex Financial relocate its headquarters to 60,000 square feet in the Bank of America Tower. 

Stream Fort Worth has an office leasing and property management portfolio with more than 2.2 million square feet. The team has grown to 23 employees since the office in Frost Tower opened in 2015.

Healthy Australian cuisine concept restaurant coming to Stream Realty Partners’ The QUAD project in Uptown Dallas

Posted on by Mia Goulart

A community-focused eatery based in Australian café culture will open its first Dallas restaurant at Stream Realty Partners’ office development, The QUAD, in Uptown Dallas.

Two Hands will occupy one of the five free-standing retail spaces surrounding the 12-story, Class AA office tower at 2699 Howell St. in the heart of Uptown. The casual restaurant will offer indoor and outdoor dining with a menu of fusion share plates and well-traveled classics for breakfast, lunch, and dinner. A comprehensive coffee program and full-service bar also will be featured. 

Stream, a national real estate services, development, and investment firm headquartered in Dallas, is developing the 345,425-square-foot, office building and surrounding 18,500-square-foot retail area heralded as the dawning of “A Different Dallas”. The project plays a key role in the rebirth of the Quadrangle, which once was Dallas’ first mixed-use development dating back to 1966.

Two Hands, which launched in 2014, currently has six locations in some of the country’s most upscale, chic neighborhoods including NoHo, Nolita, Williamsburg, and Tribeca in New York City, the Gulch in Nashville, and SoCo in Austin. Two additional restaurants in Denver and Franklin, Tennessee, are expected in 2023. An opening date for The QUAD eatery is planned for Q1 of 2024.

Two Hands is the first retail lease signed at The QUAD, with additional restaurant announcements anticipated by mid-2023. Chicago Title was the first office tenant to commit to the project in September 2022. The largest title insurer and provider of real estate-related products and services in the world will occupy 20,000 square feet in the office tower. The firm has officed at 2828 Routh St., an existing building on the same site as The QUAD, for more than a decade.

In addition to a workplace and next-generation retail space, The QUAD will boast amenities including a penthouse tenant lounge and conference center, full-service fitness studio with floor-to-ceiling windows, dedicated underground parking, bike valet, and plenty of outdoor seating and green space. The building will feature a cutting-edge user functionality and technological foundation with smart elements such as a proprietary centralized building operations app, hands-free “wave” doors, and hospital-grade air filtration systems.

The QUAD is owned and managed by Stream’s Investment Management Platform, which leverages expertise from the firm’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively manages four discretionary commingled funds, in addition to several joint ventures, and wholly owned assets totaling 31 investments of 21 million square feet and approximately $3.1 billion in assets under management.

Stream Vice President Ryan Evanich and Senior Associate Marissa Parkin lease the office space at The QUAD.

Sason acquires first DFW office properties, plans $2.5 million renovation

Posted on by Mia Goulart

A New York and Miami-based real estate investor has acquired an Irving office complex and announced a $2.5 million renovation project to begin this year. 

Sason, a privately controlled real estate investment firm with a proven record of transforming office assets, acquired 104 and 106 Decker Court in Irving in Q4 of 2022 to mark its first Dallas-area purchase. The buildings and surrounding property have been rebranded as Cascade (I & II) and are set to receive a complete facelift beginning in Q1. The complex offers a total of 97,855 square feet.

Stream Realty Partners Vice President Chase Lopez and Associate Patrick Cruz will provide leasing services for the assets. Stream is a national real estate services, development, and investment firm headquartered in Dallas.

To encourage productivity and collaboration, an outdoor pavilion for lounging, work and events connecting the two buildings will be created as part of the broader capital program. The lobby and other common areas will be completely reimagined, and a state-of-the-art athletic club will be introduced for tenants. Exterior improvements and refreshed landscaping are also planned.

Cascade is located off Highway 114 and North O’Connor Boulevard, with both buildings overlooking the scenic Las Colinas Country Club Golf Course. Exterior balconies on the first two floors give tenants an additional place to take calls and meet. Tenants currently enjoy underground covered parking. The area also offers an abundance of convenient locations within a one-mile radius including banks, gyms, fitness studios, and dining experiences. 

“The vision that the Sason Organization has created will transform the market perception of not only the complex but the entire neighborhood,” Lopez said. “The cosmetic enhancements and on-site experience will be second to none. Stream is thrilled to partner with Sason on this redevelopment.”

Las Colinas saw 156,816 square feet of positive absorption in Q3 of 2022. Tenants needing smaller floor plates are “flocking to the area, and landlords are seeing great success by catering to these tenants’ needs by managing vacancy prep, outfitting spec suites, and prioritizing lobby renovations,” Lopez said.

Sason acquires first DFW office properties, plans $2.5 million renovation

Posted on by Mia Goulart

A New York and Miami-based real estate investor has acquired an Irving office complex and announced a $2.5 million renovation project to begin this year. 

Sason, a privately controlled real estate investment firm with a proven record of transforming office assets, acquired 104 and 106 Decker Court in Irving in Q4 of 2022 to mark its first Dallas-area purchase. The buildings and surrounding property have been rebranded as Cascade (I & II) and are set to receive a complete facelift beginning in Q1. The complex offers a total of 97,855 square feet.

Stream Realty Partners Vice President Chase Lopez and Associate Patrick Cruz will provide leasing services for the assets. Stream is a national real estate services, development, and investment firm headquartered in Dallas.

To encourage productivity and collaboration, an outdoor pavilion for lounging, work and events connecting the two buildings will be created as part of the broader capital program. The lobby and other common areas will be completely reimagined, and an athletic club will be introduced for tenants. Exterior improvements and refreshed landscaping are also planned.

Cascade is located off Highway 114 and North O’Connor Boulevard, with both buildings overlooking the scenic Las Colinas Country Club Golf Course. Exterior balconies on the first two floors give tenants an additional place to take calls and meet. Tenants currently enjoy underground covered parking. The area also offers an abundance of convenient locations within a one-mile radius including banks, gyms, fitness studios, and dining experiences. 

Las Colinas saw 156,816 square feet of positive absorption in Q3 of 2022.