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SAN ANTONIO-Stream Realty Partners LP, a Dallas-based brokerage house, is building a pipeline of select Texas sites to develop spec office and industrial space. To get the ball rolling, Stream’s team has gotten control of a nine-acre site in Shavano Park, where the plan is to build a 102,000-sf, class A office building.

Ryan Stewart, Stream’s director of development, tells GlobeSt.com that the building could break ground as early as September. Stewart, hired in April 2005, has been quietly working on a plan for 12-month turnkey projects in all four Texas metros. “San Antonio should be the first,” he says. “It’s a sign of what’s coming.”

Stewart says Stream is teaming with Dallas-based Thackeray Partners on the development program. “In certain micro-markets, if construction is done quickly, it makes sense to build,” he explains. “They will be one-offs in micro-markets, small windows of opportunity.”

Stewart’s goal is to have three or four projects ready to bring out of the ground by April 2007. He says he’s looking for areas of strong demand and limited supply, like Shavano Park. “Stream always had development capability,” he stresses. “I was hired to reinvigorate it.” Joseph Cavagnaro is Stream’s senior vice president of construction for a development team with four project managers.

The Shavano Park project, which has yet to be named, was designed by Chesney-Morales & Associates Inc. of San Antonio. Hill & Wilkinson Ltd. of Dallas will be the general contractor. Allan Young, Stream’s managing partner in San Antonio, will have his team leasing and managing the finished product.

The two-story, tilt-wall building, proposed for a tract along Lockhill Selma Road, will house one to four tenants–an estimated $15-million project with a 6:1,000 sf parking ratio to target corporate office users. “We really believe strongly that before this is complete, it will be substantially leased,” Stewart says.

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