HOUSTON – Dallas-based Stream Realty Partners has broken ground on the second phase of Bay Area Business Park.
The first phase, which delivered in 2009, includes three buildings totaling 1.2 million sf. That phase is fully leased to tenants including Honeywell International and Calpine Corp.
Phase two will have four buildings totaling 830,000 sf. They are LEED precertified, like the first phase. On completion, the park will be the largest multitenant industrial development in the southeast submarket with over two million sf.
The buildings will be built simultaneously and will begin to deliver a year from now. Two of the buildings will be constructed to handle hazardous materials.
Bay Area Business Park is owned by Principal Real Estate Investors and is being developed and leased by Stream. Locally based Powers Brown designed the project, and local firm Ward Getz & Associates is the engineer. Sugar Land-based Rosenberger Construction is the general contractor.
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