How would one describe developing the first industrial project at the south side of DFW Airport?
“Really exciting,” said Cannon Green, managing director and partner at Stream Realty Partners (Stream).
The vision for project began in January 2013. After much planning and coordination, Stream, on behalf of Cabot Industrial Value Fund V, officially broke ground last fall on International Logistics Center (ILC).
Fast forward to today and the project, owned by Cabot Industrial Value Fund V, is on the fast track to feature three different-sized speculative industrial buildings on 40 acres. At completion, ILC will total in excess of 646,796 square feet, and accommodate a range of tenant sizes from 20,000 to 320,000 square feet.
“As the first industrial speculative project on the south side of the airport, it’s a pioneering-type location that will quickly be followed by a number of additional industrial buildings in the southern area,” said Green.
Green credits long-term client and owner of the buildings, Cabot Industrial Value Fund V, and the development team of Peinado Construction, GSR Andrade Architects, Pacheco Koch and Belle Firma, as the key contributors to expediting the project’s construction.
ILC is ideally positioned in one of the most in-demand industrial submarkets in the country and features convenient access to multiple transportation access points and thoroughfares.
“The project offers close proximity to the central business districts of Dallas and Fort Worth, and is located in Foreign Trade Zone #39. Additionally, the development has Triple Freeport Tax Exemption.” said Blake Kendrick, managing director and partner at Stream.
Stream began in office commercial real estate services in 1996 and expanded to industrial business in 2004. With Texas offices in Dallas, Fort Worth, Austin, San Antonio, and Houston, and eight additional offices nationwide, the firm operates with 750 employees company wide.
Stream’s Dallas office was most recently named as one of the Best Places to Work, the second largest Property Management Company in North Texas by the Dallas Business Journal, the fourth largest Commercial Real Estate Developer, and sixth largest Commercial Real Estate Brokerage. Stream takes pride in emphasizing employee success, as they know their biggest strength is the talented group of individuals that make up the “Stream Team”.
Stream measures its success by providing the best service to clients with the greatest knowledge and professionalism available. This model has led to growing relationships and the ability to service more than 50 million square feet of industrial product in DFW. With 22 Industrial professional brokers in DFW alone, Stream has the resources to accomplish objectives and business plans for any project.
SOURCE: DFW Airport Land Here Newsletter