Stream Realty Partners Launches Retail Division in Houston
HOUSTON- Stream Realty Partners, L.P., a national real estate services, development and investment firm, announces the addition of a retail division to its Houston office. Stream’s retail division will launch with a 1.4-million-square-foot retail portfolio and 100 acres of land listings. The firm entered the market in 2006 and has since grown its office and industrial portfolios to more than 17 million square feet and is considered Houston’s largest real estate firm.
“Timing couldn’t be better to enter into the retail market,” said Preston Young, regional managing partner of Stream Realty Partners. “We’ve assembled a strong team of professionals to continue our success in Houston through a new retail platform.”
Heather Nguyen, Mark Sondock and Ralph Tullier joined Stream Realty Partners as managing directors to launch the division. The team brings extensive experience in Houston’s retail market to the firm. The leadership team will oversee all aspects of the Houston retail group’s strategic planning, asset management, development and portfolio growth.
“Stream’s Houston retail division offers a unique opportunity to grow an arm of the business from the ground up,” said Kyle Valentine, regional managing partner of Stream Realty Partners. “These professionals bring a wealth of knowledge and experience to our team that will ensure our success in the retail space.”
The new division will offer project leasing, tenant representation and property management for local and regional entrepreneur asset owners, institutional clientele and national retailers. Development and investment activities will focus on ground-up development and redevelopment of existing shopping centers with various local and institutional capital partners. Stream Realty plans to announce several retail development projects scheduled for 2012.
Stream Realty Partners currently has three development projects of different product types underway in Houston: BBVA Compass Plaza, the first office development in the Galleria in over 25 years; a 72,500-square-foot private data center in the Woodlands; and the Beltway Crossing Business Park, a 500,000-square-foot Class A industrial development in Missouri City.
Contact:
Traci Thurmond
(972) 325-1455
traci@nunezprgroup.com
About Stream Realty Partners, L.P.
Stream Realty Partners, L.P. is a national real estate services, development and investment firm. The firm leases and manages over 75 million square-feet of office, industrial and retail buildings and properties throughout Texas, the Southeast and the West Coast. Founded in 1996, Stream Realty has grown from two partners to more than 370 real estate professionals. For more information, visit Stream’s website at www.streamrealty.com.
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