Stream Represents Agarita Management Company in Industrial Portfolio Sale

P.S.C. Properties, LLC., purchases 49,000-square-foot project in Garland, Texas

DALLAS (August 14, 2019) – Agarita Management Company, a San Antonio-based real estate investment firm, and Stream Realty Partners (Stream) – a national real estate development, services and investment firm, are pleased to announce the sale of the Executive Drive Industrial Portfolio to P.S.C. Properties, LLC.

The 49,320-square-foot, single-tenant, two-building portfolio is conveniently located in a premier infill location within the Garland industrial submarket, less than one mile from Interstate 635, with convenient access to the greater Dallas/Fort Worth metroplex via Interstate 30 and Central Expressway.

Jamie Jennings and Andrew Rabinovich of Stream Realty Partners brokered the sale on behalf of Agarita.

The Executive Drive sale demonstrates the high-demand from the investor and owner-user market for functional, shallow-bay industrial buildings in the DFW market. As land and construction prices continue to increase, buyers are aggressively pursuing well-located, infill assets that are available at a discount to replacement cost.

The DFW industrial market is the 5th largest in the United States, with a market-wide vacancy rate of 6.3%. The Northeast Dallas-Garland-Mesquite industrial submarket boasts a sub-3.1% vacancy rate for shallow bay product.