Friday, May 15, 2009

New Industrial space assignment for Houston industrial Broker

Stream Realty Partners LP has landed the management assignment for nearly 2 million square feet of industrial property in Houston owned by Cabot Properties Inc.
The deal represents a 50 percent increase in industrial business for Stream which, upon securing the assignment, leases and/or manages more than 6 million square feet of industrial properties in the Houston area.
Stream was tapped to manage the large Cabot portfolio, but is only responsible for leasing a portion of the buildings, a mixture of flex, manufacturing and distribution space.
The portfolio includes Main Park, a 660,000-square-foot project in eight buildings located at 3605-3651 Willowbend. Stream will also manage 259,000 square feet in six buildings at 3404-3556 Yale St.
Cabot is a private equity real estate firm based in Boston that specializes in buying, developing and operating industrial properties. Since it was formed in 1986, the firm has been responsible for more than $4.5 billion in property investments and 50 million square feet of leasing.For more information on Houston office space, Houston retail space or Houston warehouse space and Houston industrial space, please call 713 782-0260 or see my web site at : www.houstonrealtyadvisors.com