HOUSTON-Stream Realty Partners LP and Principal Global Investors LLC of Des Moines, IA are gearing up for the second phase of the 137-acre Bay Area Business Park. Unlike the 1.17-million-sf speculative first phase, the second phase will be 68 acres of build-to-suit space.

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

The leasing team is quoting $4.50 per sf to $5 per sf. All rates are triple net and tenant improvements are negotiable. Stream’s co-managing partner Kyle Valentine, vice president Justin Robinson and senior associate Christopher Money are marketing the project while senior vice president Brice Hill is overseeing its development.

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