DALLAS (Nov. 8, 2017) – Stream Realty Partners (Stream) – a national commercial real estate services, development and investment firm, has been awarded the leasing of Eagle Park 20/35, a newly constructed Class A distribution facility in DeSoto, Texas.
Located at 1240 Centre Park Boulevard, just west of Interstate 35, Eagle Park 20/35 is a 454,408-square-foot industrial building, divisible to 150,000, in one of DFW’s fastest growing industrial submarkets.
Eagle Park 20/35 includes 114 trailer stalls, 109 dock doors and four drive-in ramps, and offers exceptional transportation access, just one mile from Interstate 20, four miles from Highway 67 and seven miles from Interstate 45 in southern Dallas County.
Stream’s industrial leasing team of Cannon Green, managing director and partner, Matt Dornak, vice president and Drew Feagin, associate will team up to represent the new owner, an Institutional Investor, who recently acquired the property.
“We are honored to be hired to lease this project and look forward to successfully procuring a top-notch tenant, or tenants, to this highly versatile asset,” said Cannon Green of Stream. “This corridor has seen the greatest leasing velocity of all locations in Dallas of late and we expect that dynamic to continue as increases to the population base, strong job growth, corporate relocations and e-commerce continue to drive expansion to the industrial market. The logistics, proximity to labor and amenity base in the I-20 Corridor are attracting top industrial users in record numbers.”
Ranked as the 5th largest Industrial Market nationally, the Industrial Real Estate Market in Dallas/Fort Worth is extremely healthy, boasting a current vacancy rate of approximately 6.5 percent, more than 13 million square feet of positive absorption, and almost 30 million square feet of leasing activity in 2017.