DALLAS (July 23, 2018) – Stream Realty Partners (Stream) – a national real estate development, services and investment firm, represented SpotSee, an internet of things (IoT) end-to-end service provider, in its sale-leaseback transaction for a 44,833-square-foot facility at 510 Corporate Drive in Graham, Texas.
Located on 5.265 acres, the two-story office and manufacturing building was purchased by the City of Economic Improvement Corporation. Stream’s Senior Vice President, Todd Noonan represented SpotSee in the transaction.
“We helped acquire and construct the building in 2006,” said Noonan. “The property has served SpotSee’s needs well. This sale-leaseback transaction allows SpotSee to continue to occupy the building and keeps valuable jobs in the City of Graham.”
SpotSee’s mission is to provide expert resources to help customers around the globe find the most effective solutions to deter mishandling and reduce costs. Leveraging 40 years of expertise, SpotSee offers new, innovative and low-cost approach to connectivity, tracking and cloud analytics.
SpotSee has divested two non-core businesses to focus on it’s core business of damage monitoring products and services for monitoring damage in customer’s supply chain and operations. This deal enables SpotSee to appropriately scale its operations while giving the City of Graham a marketable facility for recruiting more businesses and jobs to the Graham community.
“We are delighted to have Noonan assist in securing this sale-leaseback transaction for SpotSee,” said SpotSee CEO, Tony Fonk. “We are excited to continue our 40 years of business in the City of Graham, and look forward to continuing our ability to provide and keep jobs for the community.”