Stream Realty Partners, a national real estate services, development and investment firm, has been retained by Industrial Property Trust, Inc. (IPT), as the exclusive leasing company for the 140,600-square-foot industrial property located at 5355 FAA Boulevard in Irving, Texas.
Stream’s Cannon Green, managing director and partner, and Sarah Ozanne, senior associate, of the firm’s Dallas industrial division will represent leasing for the office and distribution property.
“We’re pleased to be chosen by IPT as the leasing team for this Class-A industrial building,” said Cannon Green, managing partner and partner of Stream Realty Partners. “We are excited to grow our relationship with IPT in the Dallas-Fort Worth region and are confident that our team will add value for this assignment.”
Constructed in 2009, the building is designed to cater to a multitude of users, offering front-load configuration with 28’ clear height, T-5 lighting, and an ESFR sprinkler system.
The 140,600-square-foot asset currently features 64,700 square feet of vacant space with 3,883 square feet of office space in move-in condition and is located within one of DFW’s premier submarkets, the Great Southwest Industrial District (GSW).
About Industrial Property Trust Inc.
IPT is focused on acquiring and operating high-quality distribution warehouses that are leased to corporate customers. IPT's core strategy is to build a national platform of high-quality industrial properties by targeting markets that have high barriers to entry, proximity to a large demographic base, and/or access to major distribution hubs. IPT has operated and elected to be treated as a real estate investment trust ("REIT") for U.S. federal income tax purposes, commencing with the taxable year that ended on December 31, 2013, and IPT intends to continue to operate in accordance with the requirements for qualification as a REIT.
About Stream Realty Partners
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, health care, 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.
Or visit:www.streamrealty.com
