CHARLOTTE, NC – January 15, 2020 – Stream Realty Partners (Stream), a national real estate services, development, and investment company, announced today it has been awarded by TerraCap Management, LLC (TerraCap) the leasing of Forest Park II & III, a 88,550-square-foot portfolio, consisting of two, single-story office buildings located in the airport submarket of Charlotte, North Carolina.
“Stream is extremely excited to partner with a best-in-class owner like TerraCap on this assignment,” said Bob Boykin, Vice President in Stream’s Carolinas‘ office. “As single-story office continues to garner more interest in the current climate, Forest Park II & III offer users two great opportunities for highly efficient, abundant parking, controlled, direct-access space in one of the hottest submarkets in all of Charlotte.”
Located at 820 Forest Point Circle and 701 Forest Point Circle, Forest Park II & III feature excellent accessibility. Situated at the intersection of two major Charlotte highways, I-77 and I-485, the location of these two office buildings provide tenants unrivaled access to Charlotte Douglas International Airport, Uptown Charlotte, South Park and Ballantyne, and is located within three miles of multiple restaurants, retail and entertainment options.
“We have watched the Stream Realty team successfully lease up buildings across Charlotte and the Airport Submarket over the past few years,” said Matt Stewart, Director of Asset Management at TerraCap. “We are excited for this opportunity to work with Stream on our Forest Park buildings.”
Forest Park II currently has 20,437 square feet of space available for lease, while its counterpart, Forest Park III has a single vacancy of 15,688 square feet. Given the current environment, these single-story assets are uniquely positioned to offer each tenant private entrances and control over the space, appealing to corporate headquarters and call centers alike.
Boykin, Alex Olofson, Senior Associate, and Brittany Kowalski, Associate, with Stream will oversee leasing of the property. Since opening their doors eight years ago, the Stream Carolinas team, which includes coverage of North Carolina and South Carolina, has experienced significant growth and is now managing and leasing over two million square feet of product.
