DALLAS – April 23, 2024 – GTIS Partners, a global real estate investment firm managing $4.5 billion in gross assets with a U.S. focus on residential and industrial/logistics investments, has broken ground on 121 Commerce Center, a new industrial property located at State Highway 121 and Genesis Way in Grapevine, Texas. The firm awarded Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, the leasing assignment for the industrial project expected to deliver in the first quarter of 2025.
This state-of-the-art industrial development will boast 272,160 square feet of prime leasing space, representing a significant addition to the flourishing industrial landscape of the Dallas-Fort Worth metroplex. With 36-foot clear heights, ample parking with room for expansion, and unparalleled visibility from State Highway 121, 121 Commerce Center will offer tenants premier access and visibility in one of the region’s most coveted industrial submarkets.
“We are thrilled to announce our partnership with GTIS Partners in leasing this exceptional project,” said Sarah Ozanne, Senior Vice President at Stream. “The commencement of this state-of-the-art facility signifies a significant advancement in the industrial landscape of the DFW metroplex. We are thrilled to be a part of this groundbreaking project, which promises unparalleled opportunities for businesses in the market.”
121 Commerce Center’s strategic location provides immediate access to DFW Airport, State Highway 121, Interstate 635, and the broader DFW metroplex, making it an ideal hub for businesses looking to streamline their logistics operations and reach key markets efficiently.
Gaurav Sahay, Macklin Grant, and Amanda Matthews with GTIS Partners are leading the development and asset management of the project. Ozanne and Stream Senior Vice President Mac Hall handle the leasing efforts for the property.
“The groundbreaking of 121 Commerce Center represents our commitment to delivering exceptional spaces that meet the evolving needs of businesses in the DFW metroplex,” said Gaurav Sahay, Managing Director at GTIS Partners. “We are proud to partner with Stream in this endeavor and are confident their expertise and deep-rooted market knowledge position them as an ideal partner in showcasing this exceptional property to the market.”
For more information, contact Stream Dallas at 214.267.0400.
About GTIS Partners
GTIS Partners is a global real estate investment firm in the Americas, headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Charlotte, Phoenix, Dallas, Houston and Munich. The firm was started in 2005 and is managed by President and Founder Tom Shapiro and seven other partners. The firm manages $4.5 billion in gross assets and is active across a wide range of real estate sectors including single family and multifamily housing, office, industrial/logistics and hospitality as well as opportunity zone investments. The firm invests at various points in the capital structure including credit, common equity and structured equity. In the US, GTIS has invested in over 210 assets across 45 unique markets including growth areas such as Phoenix, Dallas, Houston, Denver, Atlanta, Tampa and Charlotte. In Brazil, GTIS is among the largest real estate private equity firms with holdings including office, residential, logistics, and hospitality investments. Marquee assets developed by GTIS Partners in São Paulo include the Infinity office building and Palácio Tangará, a five-star resort style hotel. For more information, please visit www.gtispartners.com.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services, including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin, TX; Boca Raton, FL; Charleston, SC; Charlotte, NC; Chicago; Colorado Springs, CO; Dallas; Denver; Fort Lauderdale, FL; Fort Worth, TX; Greenville, SC; Houston; the Inland Empire; Irvine, CA; Los Angeles; Miami; Nashville, TN; Orange County, CA; Phoenix; Raleigh-Durham, NC; Reston, VA; San Antonio; Tampa, FL; Tysons; Washington, D.C.; and South Florida. Since 1996, Stream has grown to more than 1,400 professionals and now completes more than $8.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
