Stream Adds 1M SF Plus to Leasing War Chest

HOUSTON-Stream Realty Partners LP has added 1.16 million sf to its local portfolio, pushing its leasing and management contracts to more than five million sf of office and industrial space. The company just picked up leasing for an 764,955-sf industrial portfolio in the southwest and northwest submarkets, 150,000-sf Colony Crossing Business Center and a 250,000-sf office portfolio with Timberway One and Greens Crossing II.

Preston Young, co-managing partner in Stream’s Houston office, says some renovations are expected on the industrial side of the assignment, but none for the office addition. Colony Crossing, owned by McShane Corp., was developed in 2004 and is 40% leased while the 800,000-sf portfolio, owned by DCT Industrial Trust Inc. in Denver, is five years old and hovers 90% leased.

The class B office space, made up of the 24-year-old Timberway One at 15990 N. Barkers Landing Rd. on the west side and six-year-old Reserve at Greens Crossing II at 11410 Greens Crossing Blvd. in the Greenspoint submarket are owned by London-based Strategic Real Estate Advisors. The buildings are 83% leased.