HOUSTON – March 24, 2025 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, and Principal Asset ManagementSM, the joint venture partner for Stream Realty Partners, announce that Portside Logistics Center is now 100% leased.
Gulf Coast Crating, Houston’s fastest-growing specialty crating company, originally occupied 432,316 square feet in Building 1 of Portside Logistics Center after moving into the development in September 2024. With its latest expansion, the company has added 135,285 square feet in Building 2, bringing its total footprint at the logistics park to 567,601 square feet.
“With the successful expansion of Gulf Coast Crating, Stream and Principal Asset Management are excited to announce that Portside Logistics Center is 100% leased,” said Justin Robinson, Executive Managing Director & Partner at Stream. “It is always fun to experience an idea go from raw land to a 100% leased development project. We are thrilled to be in this position with another successful venture between Stream and Principal Asset Management.”
Located in Southeast Houston’s Port submarket, Portside Logistics Center is a two-building, one-million-square-foot industrial development that provides direct access to major transportation corridors, including the Grand Parkway, Interstate 10, and Highways 225 and 146, offering seamless connectivity to Port Houston’s Barbours Cut and Bayport container terminals. Portside Logistics Center, a joint venture development between Principal Asset Management and Stream, is located at 4838 and 4908 Borusan Road in Baytown, Texas.
Stream Managing Director Tyler Maner and Executive Vice President Jeremy Lumbreras serve as the leasing agents for the project and helped complete the deal. Justin Robinson led development management efforts alongside Senior Director Tyler Wellborn, Director Craig McKenna, Associate Director Matthew Sibley, and Associate Director Kristina Gibson. Gulf Coast Crating was represented in lease negotiations by Patrick McKiernan of First Houston Properties.
For more information, contact Stream Houston at 713.300.0300.
About Principal Asset ManagementSM
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets. Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $ $559.1 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 13 consecutive years.
Learn more at www.PrincipalAM.com.
[1] As of December 31, 2024
[2] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2024.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,550 professionals and now completes annual transactions valued at more than $8.9 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
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