Bob Hagewood, vice president of Dallas-based Stream Realty Partners LP, tells GlobeSt.com that SouthPointe Corporate Center I's vertical work will begin in December. "We have seen some opportunities," he adds, "and one that's considered a strong prospect." Delivery is etched for March 2009.

Hagewood says the site's frontage along Interstate 20 and its visibility as well from Interstate 35 give extra marketing clout to the Dallas-based developer's leasing team, which is quoting $3.25 per sf net for the spec space. As for the design, he says it can be divvied to 100,000-sf spaces. "And, that's where we're seeing the bulk of activity for southern Dallas County, right now," says Hagewood, who's partnering with Stream principal Chris Jackson for the tenant hunt.

Hagewood estimates it will take three years to build out the land based on recent leasing activity in the submarket. The White Rock assignment is Stream's first in southern Dallas County, where San Diego-based Allen Group's 6,000-acre Dallas Logistics Hub jump-started development action around Union Pacific Railroad's intermodal hub and has since added BNSF to create the only dual intermodal yard in the US.