Macfarlan Turns Over 1.6-Mil SF Leasing Duties to Stream Realty

DALLAS-Stream Realty Partners has landed what could be the largest class-A leasing assignment to come down the pike in 2000 in a year-end signing. Macfarlan Real Estate Services has put better than half of its 2.8-million sf Dallas portfolio into Stream’s hands. The 1.6-million sf contract encompasses three properties and represents the first pact between the two Dallas-based real estate entities.

Todd White, Macfarlan’s senior vice president for leasing, told GlobeSt.com the freshly signed contract certainly is one of the largest cumulative assignments, if not the largest for year 2000. Stream will be overseeing the prestigious Thanksgiving Tower, One Brookriver Place and 10100 North Central, which serves as Macfarlan’s headquarters. “Stream has the ability to perform within the particular submarket,” White explains.

The contract comes on the heels of the retirement of veteran Darlene Spaulding, Macfarlan’s senior project manager. Macfarlan Realty had wrestled with replacing her, but instead opted to outsource leasing duties for the class-A trio. “We had to make a strategic decision,” White told GlobeSt.com. He says Stream is not working in an interim capacity although Spaulding will eventually be replaced within the Macfarlan hierarchy.Macfarlan, a full-service commercial real estate provider, does use third-party agents for part of its service center and industrial portfolio in Dallas as well as holdings in San Antonio.