Stream Realty Partners Awarded Exclusive Leasing and Management of The Berkshire

7/1/16

The 16-Story Office Tower Located in Preston Center

Heitman LLC, a global real estate investment management firm, recently awarded exclusive leasing and management of The Berkshire to Stream Realty Partners (Stream), a national real estate services, development and investment firm. The 184,974 square-foot office tower, is located at 5950 Berkshire Lane in Dallas’ Preston Center submarket.

The 16-story office building was built in 1984 and is situated at the corner of Berkshire Lane and The Dallas North Tollway. The high-rise underwent a $2.8 million renovation in 2013 that included renovations to the main lobby, exterior and garages, as well as a state-of-the-art elevator touch screen operating system.

Ryan Evanich and Scott Sowanick of Stream will exclusively lease the Class-A building on behalf its owner, Heitman LLC.

“We couldn’t be more excited to expand our leasing and property management footprint in the Preston Center submarket,” said Ramsey March, Managing Director or Stream Realty Partners. “Preston Center is one of the city’s most sought-after submarkets and offers ample amenities and exceptional access to Park Cities that continues to entice businesses to operate in this area.”

The Berkshire is ENERGY STAR® rated and LEED® certified, and is 83 percent leased with approximately 32,000 rentable square feet available for lease within the constrained submarket.

Stream Realty Partners

Stream Realty Partners, L.P. (Stream) is a national, commercial real estate firm with locations across the country. Stream’s full-service offerings cover the broad spectrum of leasing, management, development, construction, and investment sales services across the commercial and multifamily industry. In addition, Stream specializes in sourcing acquisition and development opportunities for the firm and its clients. Since its formation in 1996, Stream has grown from its two original partners to a staff of more than 700 real estate professionals nationwide with regional offices in Atlanta; Austin; Charlotte; Chicago; Dallas; Denver; Fort Worth; Houston; San Antonio; Southern California; and, Washington, D.C. Stream currently has more than 120 million square feet of assignments across the nation, completes over $2.4 billion in real estate transactions annually, and is considered one of the most active investors and developers in the real estate industry. www.streamrealty.com

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