With this strategic move, Stream IDS is expanding its footprint into new markets, including the Texas Border—El Paso and Laredo—as well as Florida, with a focus on Tampa, Orlando, and South Florida. While Golden and Baldwin remain deeply committed to Austin’s industrial market, their expanded roles enable them to leverage their expertise on a broader scale, driving growth and capitalizing on new opportunities within the region. Golden will take a leading role in driving growth in the new markets, while Baldwin will oversee underwriting, market research, and financial analysis. 

“Adding Clay and Chad to the IDS team is representative of Stream’s ongoing commitment to expanding opportunities for talented people within the platform and growing our industrial development business across target markets throughout the country,” said Justin Robinson, Executive Managing Director & Partner of Stream’s IDS Southeast Region. “We are excited to have them on the team, as their deep industry experience and leadership will be instrumental in driving our continued success.” 

“We’re excited for the opportunity to help grow Stream’s industrial development business into new markets while continuing to leverage Stream’s platform and entrepreneurial spirit,” said Golden. “The potential for growth across the areas we are targeting is huge, and we look forward to expanding the region and contributing to the success and expansion of Stream’s industrial development efforts.” 

About Stream Realty Partners 

Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook. 

The post Stream Realty Partners Expands Industrial Development Services into New Markets appeared first on Stream Realty Partners.

With 10 years of office and industrial tenant representation experience, Austin has a proven track record of success representing occupiers in not only Austin, but also very active across the nation. He spent the last nine years as part of CBRE Austin’s Occupier Services team, where he most recently served as a Senior Vice President. While there, Austin completed nearly 250 transactions totaling over $1.25B in transaction volume. He was recognized by Austin Business Journal as a Heavy Hitter in 2019 and 2021-2023. 

“Jay has a great reputation in the Austin commercial real estate community, and we are incredibly excited to welcome him to the team,” said Will Nichols, Executive Managing Director & Partner at Stream. “Jay has been on Stream’s radar for years, and we are thrilled to finally add his talent to our team. His unparalleled market knowledge, deep client relationships, and proven track record of delivering results make him an ideal addition as we continue our expansion efforts. Jay’s client-centric approach and entrepreneurial mindset are a perfect fit with Stream’s culture, and we have no doubt that his leadership and expertise will drive significant growth and elevate our platform in all the Texas markets and across the country.” 

“Stream’s collaborative culture and client-first mentality align perfectly with my own values and approach to the business,” said Austin. “I’m excited to leverage my industry relationships and expertise in industrial real estate to drive continued growth and success for the Stream platform in Austin and beyond. This is a fantastic opportunity, and I am excited to hit the ground running.” 

A native Austinite, Austin is also heavily involved with giving back to the local community. He is an active member of KIPP Charter Schools in Austin, having been a former Chairman of their Fundraising and Planning Committee, and currently serving on its Board of Directors.  

Locally, Austin will be joining a thriving team in the Austin office, which has experienced steady growth and increased market share since its inception in 2006. Stream Austin, home to 145 employees, has consistently been recognized as a Best Place to Work. 

About Stream Realty Partners 

Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook. 

The post Stream Realty Partners Adds Leading Tenant Representation Broker To Growing Austin Roster appeared first on Stream Realty Partners.

Stream, a national commercial real estate firm offering an integrated platform of services, has unveiled plans for the 968,475-square-foot Buda Commerce Center in Buda, the 413,388-square-foot Eastside Commerce Center in Southeast Austin, and the 376,380-square-foot Howard 130 in Northeast Austin.

Buda Commerce Center

Buda Commerce Center will be a five-building, state-of-the-art industrial development in Buda, one of Austin’s fastest-growing suburbs. Stream kicked off construction at the 70-acre site, located 15 miles south of downtown Austin, in the fourth quarter of 2022. The project will cater to a variety of users with its four rear-load buildings and one cross-dock building. Direct ingress and egress access to Interstate 35, 32-foot and 36-foot clear heights, full-size truck courts, and dock-high loading provide convenience for truck drivers.

Positioned 10 miles south of the Southeast industrial submarket, the center will provide top-of-class, competitive space with access to a growing number of rooftops on the south side of Austin. The development at Interstate 35 between Cabelas Drive and Robert S. Light Boulevard boasts unencumbered views from the main lanes of IH-35, granting prime signage opportunities for tenants. The anticipated completion date is the fourth quarter of 2023.

“We have extensive leasing experience in the IH-35 corridor, and we believe the new Buda development will meet the demands of modern industrial tenants,” said Sam Owen, Managing Director and Partner at Stream Austin. “Buda and the IH-35 corridor have historically been underserved markets, and we are excited to provide a range of Class A options that will help fulfill demand and serve the supply chain locally, regionally, and nationally.”

For information on Buda Commerce Center, visit www.budacommerce.com.

Eastside Commerce Center

Stream has also begun construction on Eastside Commerce Center, a modern infill industrial complex in a well-established area of Southeast Austin. With modern construction, prime visibility, and an ideal infill location, the project will offer a new level of access and efficiency for businesses in the area.

The Class A industrial development features four large warehouse buildings as well as three shallow bay buildings that can accommodate smaller tenants. The site is well-positioned off Highway 71 with easy access from Highway 183. The center is across Highway 71 from Austin-Bergstrom International Airport and a 10-minute drive from Downtown Austin. The project is expected to deliver in the first quarter of 2024.

For information on Eastside Commerce Center, visit www.eastsidecommerce.com.

Howard 130

Howard 130 in Northeast Austin rounds out Stream’s recent industrial projects. It is set to deliver in the second quarter of 2023. Located between I-35 and SH-130 in one of Austin’s fastest-growing industrial areas, this single-phase, three-building project is 20 minutes from The Domain and Downtown Austin.

The Class A distribution warehouse development will offer easy accessibility and unmatched quality of construction in an area surrounded by some of Austin’s largest corporate companies.

“Stream is excited to kick off the development of these three Class A industrial projects, and we look forward to delivering a best-in-class industrial product to both Buda and Austin,” said Clay Golden, Stream Austin’s Senior Vice President of Development.

Stream Austin leases and manages over 24 million square feet of office and industrial space in Austin and surrounding areas, giving the team extensive market expertise–which led to these developments in the expanding Austin suburbs.

For information on Howard 130, visit www.howard130.com.

Buda Commerce Center, Eastside Commerce Center, and Howard 130 are owned and managed by Stream Austin and Stream’s Investment Management Platform, which leverages expertise from 15 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 31 investments of 21 million square feet and approximately $3.1 billion in assets under management.

The post Stream Realty Partners Rolling Out More Than 1.75 Million Square Feet Of Industrial Space In Austin And Buda, Texas appeared first on Stream Realty Partners.

Located at 2380 Oakmont Road and less than a mile from Interstate 35, the Class A industrial development project – on 37 acres – will consist of five speculative buildings totaling 465,786 square feet that will be constructed in two phases. AP will construct the buildings and perform tenant finishes. Phase 1 is slated for completion in fall 2023.

“Central Texas continues to see a demand for industrial space, and with its easy highway access and strategic location, Sunrise Commerce Center will provide what users are looking for most,” said Zack Rogers, VP/Project Executive of the AP Gulf States region. “This project is a great way for AP to continue expanding and growing in Austin and Central Texas.”

Stream Realty Partners Executive Managing Director and Partner Will Nichols and Managing Director and Partner Sam Owen are handling all leasing efforts for Sunrise Commerce Center. Stream, a national commercial real estate firm offering an integrated platform of services, has a growing office in Austin that leases and manages more than 24 million square feet of industrial and office space in the region.

The Sunrise Commerce Center facilities are being constructed as tilt-wall, shell buildings with special DUCTILCRETE® Slabs with HEIDEBED® technology, providing differentiated slab systems. This technology enables warehouses, distribution centers, manufacturing facilities, and data centers greater floor space flexibility while lowering maintenance costs. AP’s site work includes site paving, retaining walls, and landscaping.

The first phase features three buildings with various common elements, including rear load capabilities, LED lighting, ESFR fire sprinklers and build-to-suit office space. The 175,170-square-foot Building A features 36-foot clear heights while the 59,274-square-foot Building B and 76,245-square-foot Building C both have 32-foot clear heights.

Other project partners include 5G Studio Collaborative as architect, and Pacheco Koch as the civil engineer.

For leasing information on Sunrise Commerce Center, contact Stream Austin at 512.481.3000.

The post Adolfson & Peterson Construction Breaks Ground On IDI Logistics’ Sunrise Commerce Center In Round Rock, Texas appeared first on Stream Realty Partners.

Whisper 35, a Class A development at 912 Flustern Road along the Interstate 35 corridor, is a five-building industrial park being completed in two phases. Buildings 1 and 2 were completed in Phase 1, totaling 179,988 square feet. Buildings 3, 4, and 5, consisting of 314,938 square feet, are scheduled to finish in early 2024. Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, leases and manages the development.

Greystar, serving as the project developer, expanded into the logistics space in 2020. Building on decades of experience operating in local markets across the globe, Greystar’s Logistics platform demonstrates the company’s scale, history of executing, and access to capital.

“Our Whisper 35 project is located in the heart of Hays County and Texas’ Innovation Corridor, allowing our tenants to serve both the Austin and San Antonio markets,” said Spencer Holcomb, Director of Development for Greystar. “The project is benefitting from the rapid growth of several industries, including automotive, semiconductor manufacturing, regional distribution, and destination attractions. We are excited to further expand our logistics presence in Central Texas.”

Manifest Commerce recently signed a lease on Building 2, which consists of 89,988 square feet. Manifest is a full-service, eco-third-party logistics company offering carbon-neutral services to direct-to-consumer businesses. The space will allow the Austin-based fulfillment company to serve start-ups, small- to medium-sized businesses, and corporate e-commerce businesses more efficiently.

“We are thrilled to welcome Manifest Commerce to Whisper 35 and bring Phase 1 to 100% occupancy,” said Stream Austin Vice President Mitchell Becker. “The north San Marcos region is proving to be a popular choice for tenants looking to escape rising rental costs in core Austin submarkets. We are excited to be under construction on another 315,000 square feet across three buildings to accommodate that growing demand.”

Whisper 35 is close to I-35 and is conveniently accessible via the 130 and 45 state highway toll roads. The development is 25 miles from Austin and 55 miles from San Antonio. It’s 20 minutes from the new Tesla factory and within a 10-mile radius of two Amazon distribution facilities totaling over 1.6 million square feet.

RC Page is serving as the co-general contractor on the project. The Stream Austin leasing team includes Managing Director and Partner Sam Owen, Senior Vice President Adam Green, and Becker.

The post Phase 1 Of San Marcos Industrial Development Fully Leased; Phase 2 Breaks Ground appeared first on Stream Realty Partners.

Anyway, no one appears to be shedding a tear for the impending demise of the wing-and-lech outfit currently doing its best to pervert the legacy of Charles M. Schulz — yes, that one — at the intersection of South First Street and West Riverside Drive, which should soon find itself scrubbed from our collective memory and replaced by RiverSouth, a 15-story mixed-use project bringing more than 300,000 square feet of offices and about 18,000 square feet of ground-floor retail space to the site, which, along with the aforementioned Hooters, is currently occupied mostly by a decrepit and enormous parking lot.

(Well, some people were a little bent out of shape, but I don’t think it’s the wings they’re upset about.)

The project, using the address 401 South First Street, is a Stream Realty Partners concern, with additional help from the Beck Group, Big Red Dog, Cardno, dwg., and MEJ & Associates. Set to deliver in early 2021, it’ll occupy the triangular plot bound by South First Street, West Riverside Drive, and Barton Springs Road, and the odd shape of the site comes through in the look of the building — which as we’ve said before has a distinct “Jawa Sandcrawler”-type vibe.

If you haven’t heard, there’s a sort of arms race on for office developers looking to attract tech firms and other big-name tenants with increasingly swanky amenities packages, and the RiverSouth project is no different, with its design including features like a 15th-floor sky lounge space, a bike valet service (!) and an on-site fitness “studio,” which I presume is way better than a “center.”

READ MORE >

By: James Rambin
SOURCE: TOWERS

The post At RiverSouth, Austin’s South Central Waterfront Plan Takes One Small Step appeared first on Stream Realty Partners.

Ascentris has engaged Stream Realty Partners (“Stream”) as the developer for Building C. Stream developed Buildings A & B in 2016, subsequently selling the Property to Ascentris in December 2017, and currently provides property management, construction management, and leasing services for Buildings A & B. “We are thrilled to expand both our relationship with Stream and our footprint in the Far Northwest with the development of Building C,” said Ascentris Managing Director, Jeff Stonger. “Building C’s relative value proposition to other suburban submarkets offers tenants a rare opportunity to improve their bottom line without sacrificing on the amenities needed to attract and retain talent.” added Stonger.

Building C will be the third and final building at the Paloma Ridge campus. The three-story building will sit at the end of the entryway drive, anchoring the campus. With Building C, Ascentris is delivering new amenities to the office campus such as a 2,000 square foot fitness center and yoga room, ample bike storage, an outdoor lounge and multiple gathering spaces. Ascentris is seeking certifications from WiredScore and LEED to demonstrate its commitment to developing a smart, healthy, and sustainable building.

Paloma Ridge is strategically located in Northwest Austin on TX-45 between Parmer Lane and US-183 and is less than one mile from the Capital MetroRail Lakeline Station with direct access to The Domain and Downtown. The Northwest submarket is the beneficiary of increasing rents with cyclically-low vacancy and a limited development pipeline. Further, Austin’s current population growth is concentrated in the northern suburbs; Williamson County’s population grew by more than 25% from 2010 through 2016, which compares to 20% for the Austin MSA. In December 2018, Apple announced plans to invest $3 billion in a new campus in the Northwest suburbs, just six miles from Paloma Ridge.

Ascentris acquired Buildings A & B in 2017 at 70% leased and promptly executed approximately 64,000 square feet of leasing in eight months, stabilizing the property in August 2018. Leasing activity came from several industries including cybersecurity, health insurance, homebuilding, interior design, and IT. The leasing agents for the campus are Stream’s Edvin Beasley and Scott Deskins.

“Paloma Ridge successfully fills a void in the Austin office market by offering brand new Class A space at a significant rent discount to other high-quality buildings,” said Beasley. “Tenants are also attracted to Paloma’s proximity to the high-growth residential neighborhoods in North Austin where their employees live. We are thrilled to move forward with the third building and believe that tenants will continue to gravitate to Paloma Ridge because of its compelling attributes,” added Beasley.

The post Ascentris and Stream Celebrate Groundbreaking at Paloma Ridge Office Campus located in Austin appeared first on Stream Realty Partners.

AUSTIN, TX ​– March 13, 2019 – Stream Realty Partners (Stream) today began construction on its signature Austin project, RiverSouth, a 350,000-square-foot, high-end office tower complete with ground-level dining and retail. This milestone was commemorated with a demolition and groundbreaking event hosted by Stream.

RiverSouth is replacing Austin’s Hooters, located at 401 South 1st St., on a 1.4-acre triangular tract where Riverside Drive, Barton Springs Road and South 1st St. all converge. The property was informally coined the “Snoopy PUD” because it was formerly owned by the family trust of Charles Schulz, the famous cartoonist behind the “Peanuts” comics.

The event this morning featured David Blackbird, Stream’s regional managing partner, who officially raised the RiverSouth sign, and City of Austin Mayor Steve Adler. “We’re excited to have broken ground on this marquee project that will transform the area into an exciting destination for not only our tenants but for all Austinites,” said Blackbird. “We’ve assembled a wonderful team, and everyone truly believes in the vision of RiverSouth as a quality development that supports the local community.”

“Exciting to see the South Central Waterfront begin to deliver community benefits and help us pay for pocket parks, clinics, and libraries all over the city,” said Mayor Adler.

RiverSouth will be a 15-story office development with panoramic views of downtown. It will also offer a green roof, ground-level dining, and retail and world-class amenities for its tenants. The project will include environmentally-friendly features, improvements to the streetscape and active transportation infrastructure in the area, and funding toward affordable housing in Austin.

Partners working with Stream on the RiverSouth project include:

● Armbrust & Brown
● The Beck Group
● Big Red Dog Engineering
● Buie & Co.
● Cardno
● dwg.
● MEJ & Associates

“In May 2018, City Council approved the rezoning for this property after months of Council and community negotiation with the team behind RiverSouth,” said Council Member Kathie Tovo.

“The negotiation and hard work resulted in significant funding for community initiatives in this area, including substantial contributions to the neighborhood’s affordable housing program. It’s a good example of how the South Central Waterfront Plan will ensure that redevelopment in this area yields important public benefits related to open space, walkability, and affordable housing.”

The South Central Waterfront Vision Framework Plan was approved in June 2016, and the South Central Waterfront Advisory Board was established in July 2017. Austin City Council unanimously approved the Planned Unit Development zoning for the site, with community benefits, in May 2018. Plans and design for RiverSouth were revealed in September 2018 along with renderings and a website. Hooters’ last day of business was February 3rd, 2019. Stream received its final site development permit on February 15th, 2019, and final delivery for the project is planned for 2021.

Renderings, leasing information and marketing materials for RiverSouth can be found at RiverSouthAustin.com​.

The post Razing Austin’s Hooters to Raise Riversouth appeared first on Stream Realty Partners.

AUSTIN, TX (May 30, 2019) – Today, Stream Realty Partners (Stream) announced its first tenant for its signature Austin project, RiverSouth. International law firm Baker Botts L.L.P., the fourth largest law firm in the state of Texas, has signed a 12-year lease to assume 50,000 square feet of the 350,611 square-foot office tower. Taking up one-and-a-half floors, Baker Botts will be making a historic move to relocate its Austin office from the downtown San Jacinto Center, a location it has occupied since 1988.

“We could not be more thrilled to welcome Baker Botts to RiverSouth,” said David Blackbird, Regional Managing Partner at Stream. “The team behind RiverSouth set out to create a high-end workplace destination with a new perspective on work-life balance. To have one of the most esteemed law firms in Texas recognize the sophistication of the project and re-root its long-standing Austin office is incredibly rewarding.”

Baker Botts was one of the original tenants at the San Jacinto Center, a move that, at the time, was equally pioneering, since few businesses were located south of 6th street in the Congress area. Occupying the 12th and 13th floors, Baker Botts has a front-row seat to the South Central Waterfront, giving its employees, clients and visitors unparalleled access and walkability to nature, new restaurants and nearby amenities.

“RiverSouth is one of the most innovative buildings, and specifically law firm spaces, that we’ve seen in Austin; it’s closer to what you might find in San Francisco or New York,” said Connor Greissing, Vice President at Stream and broker for Baker Botts. “A lot of credit goes to Baker Botts for not just thinking about 2021 and 2022. The company really looked at the future of their workforce and made a long-term commitment to its future generations of attorneys and staff.”

Located at 401 South 1st Street, RiverSouth is being constructed on a triangular 1.45-acre tract where Riverside Drive, Barton Springs Road and South 1st converge, part of the growing South Central Waterfront District. Pairing green infrastructure with an urban ecosystem, River South creates an interconnected network of corporate and recreational spaces, streets, lakeside parks and trails.

“Walkability and accessibility to retail and entertainment districts, as well as Austin’s beloved hike and bike trail, was the biggest draw for us. We see South Central Waterfront as a steadfast investment and we’re proud to be the first tenant to join Stream and put on our stamp on the area. We hope others in the business community will realize the benefits of this building and follow suit.”

Mollie Duckworth, Partner at Baker Botts

Stream received its final site development permit in February and officially broke ground with a demolition event in March. Delivery of the luxury office tower is planned for 2021. Baker Botts has more than 140 staff members in Austin, including roughly 70 practicing attorneys, all of which will move to RiverSouth once it opens.

RiverSouth will serve as a true representative of Austin: stylish, contemporary and technologically advanced. It will provide a sustainable workplace built with tenants in mind – from green-building standards to wellness-building measures. Amenities will include:

• 360-degree panoramic views
• Bike valet and storage
• Underground parking
• A fitness studio with spa-inspired locker rooms and showers
• Ground-level restaurants and shopping
• 7th floor green roof and amenity deck
• Rooftop lounge overlooking Mathias shores, Lady Bird Lake and Downtown Austin

Renderings, leasing information and marketing materials for RiverSouth can be found at RiverSouthAustin.com.

The post Stream Signs Powerhouse Law Firm as First Tenant for RiverSouth appeared first on Stream Realty Partners.

In a recent article, the Austin Business Journal collected insights from Ryan and other top real estate brokers on the state of the current market, the most desirable submarket in Austin, and advice for prospective executives who will need retail space in Austin.

Ryan’s key insights from the article are summarized below:

1. Retail space is limited in Austin. The density of rooftops over the last several years has kept occupancy of Austin retail centers relatively high.
2. To be a retail tenant or restaurant user in Austin, you have to be good to survive. Know your competition because the competition in Austin is fierce. The talent pool is at the top.
3. Retail may evolve, but it will continue to be strong especially in Austin as more retailers enter the market. Expect to see a heavy entertainment push in older shopping centers.
4. Rising operating expenses will continue to be an ongoing concern for retail tenants’ health ratio as properties are being reassessed.
5. The most in-demand retail submarket is Southwest Austin, but really the entire city is strong for retail.

Click here to read full article:
Austin’s Top Real Estate Brokers and Their Advice by Erin Edgemon

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