Stream Realty Partners, a national real estate services, development and investment firm, leases 100% of Gateway10 Business Park, Building 1, its newly completed 180,000 square foot state-of-the-art distribution center. The project was completed in July and is located on Interstate 10 E in Northeast San Antonio near Foster Road. The project benefits from an array of amenities such as great ingress/egress, excellent Interstate 10 visibility with signage opportunities, Foreign Trade Zone (FTZ) and Triple Freeport Tax Exemption.
The building was designed to maximize efficiency by offering 32-foot clear height, 230-foot building depth, 52’ x 55’ column spacing, 38 dock high rear-load doors, 16 additional trailer drops, T5 lighting and ESFR fire suppression.
Due to its location and abundant features this state-of-the-art facility was a prime candidate for the undisclosed third-party logistics company that decided to lease the building in its entirety. Michael T. Kent, Vice President and Payton Rion, Associate of Stream Realty Partners – Central Texas, L.P. represented the Landlord, Gateway 10 Building 1, LLC owned and developed by Stream Realty Partners – Central Texas, L.P. & McCombs Enterprises, while Allen Gump of Colliers International, represented the Tenant.
Gateway10 Business Park is a 100+ acre master planned development offering retail, commercial and industrial land sites as well as speculative warehouse space and build to suit opportunities for qualified users. Building 1 is just the beginning of what will ultimately be a 1,300,000 square foot Class A Business Park with retail and other commercial amenities on the east and west ends of the park.
About Stream Realty Partners
Stream is a commercial real estate firm with full-service offerings in leasing, property management, development, construction management, and investment sales services across the industry. In addition, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, Stream has grown to a staff of more than 750 real estate professionals with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, Orange County, San Antonio, San Diego and Washington, D.C. Stream completes more than $2.4 billion in real estate transactions annually and is considered one of the most active investors and developer. Visitwww.streamrealty.com.
About McCombs Enterprises
Red McCombs, the founder of San Antonio-based McCombs Enterprises, is a well-respected Texas businessman, auto dealer and successful investor. His real estate division, McCombs Properties, both self-develops and invests with development partners in all classes of real estate throughout Texas and Colorado. Assets consist of timber and ranch lands, office, retail, and industrial developments, as well as multi-family, second home and resort residential communities.
