The joint venture launched construction earlier this year on theindustrial park at 9311-9501 Bay Area Blvd., touted as the firstpre-certified LEED warehouses near the Port of Houston. The firstphase has two warehouses, each 480,480 sf, and one 219,000-sfdesign. Completion is set for fall.

The leasing team is quoting $4.50 per sf to $5 per sf. All ratesare triple net and tenant improvements are negotiable. Stream'sco-managing partner Kyle Valentine, vice president Justin Robinsonand senior associate Christopher Money are marketing the projectwhile senior vice president Brice Hill is overseeing itsdevelopment.

Robinson tells GlobeSt.com that the original concept was aspeculative project. However, it was decided to market the secondphase's land for build-to-suit opportunities. "If by the time welease the first phase up, we haven't gotten build-to-suit interest,we'll do the second phase as spec," Robinson says.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.