Stream Realty Partners Announces New Development in Frisco Park 25
PowerSecure Lighting to Serve as Anchor Tenant
DALLAS (March 8, 2017) – Stream Realty Partners – a national real estate services, development and investment firm – announced its new 152,000-square-foot development in Frisco Park 25, a 216-acre, master-planned, business park located in Frisco, Texas.
PowerSecure Lighting, a division of PowerSecure, Inc., selected the class-A development as the site for its North Texas corporate headquarters. As a leading provider of LED lighting products, the company will serve as the anchor tenant, totaling 76,000 square feet within the development.
“We’re pleased to welcome an innovative technology and manufacturing company like PowerSecure Lighting as a new corporate citizen of Frisco,” said James L. Gandy, president of the Frisco Economic Development Corporation (FEDC). “Frisco Park 25 is a great fit for the company’s plan to combine its lighting division headquarters with distribution space for growing its business.”
PowerSecure Lighting is a market-driven manufacturing company that is relentlessly pushing the innovation envelope to create products that replace traditional lighting technologies with zero compromise to aesthetics and performance. Its products enhance the retail, supermarket, museum, hospitality and commercial environments of the world’s leading brands.
“This will be one of the first properties to be developed within Frisco Park 25,” said Bob Hagewood, senior vice president, Stream Realty Partners. “We’re excited to deliver a high-quality building for PowerSecure Lighting, with excellent access and best-in-market features. In addition, our team is actively pursuing corporate users to lease the balance of the building. We are bullish on the Frisco market and feel there is a lot of pent-up demand for this product type that we will be able to accommodate.”
Stream has contracted for Site D within Park 25 from FEDC. Construction on the development will commence later this year, with a delivery in mid-2018. Stream’s Cannon Green, managing director and partner, and Bob Hagewood, senior vice president, will oversee leasing of the project.
Frisco Park 25 is a business park launching in 2018. The Frisco Park 25 site plan is designed as a modern, high-end commercial development that includes 14 lots on 216 acres zoned for industrial and commercial use. FEDC anticipates approximately 2.2 million square feet of space to be developed at the build-out of Frisco Park 25, with an estimated value of more than $300 million. The property is located less than 35 miles from Dallas, on Preston Road at Rockhill Parkway, just south of U.S. Highway 380. Find additional information at FriscoPark25.com.
About Stream Realty Partners
Stream is a commercial real estate firm with locations across the country. Stream’s full-service offerings cover the broad spectrum of leasing, management, development, construction, health care and investment sales services across the commercial and multifamily industry. In addition, Stream specializes in sourcing acquisition and development opportunities for the firm and its clients. Since its formation in 1996, Stream has grown from its two original partners to a staff of more than 700 real estate professionals nationwide, with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, San Antonio, Southern California and Washington, D.C. Stream currently has more than 120 million square feet of assignments across the nation, completes over $2.4 billion in real estate transactions annually and is considered one of the most active investors and developers in the real estate industry. Visit www.streamrealty.com.
About PowerSecure, Inc.
PowerSecure, Inc., is a leading provider of utility and energy technologies to electric utilities and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation® (IDG®), energy efficiency and utility infrastructure. PowerSecure Lighting, a division of PowerSecure, is the company’s energy-efficiency business – developing energy-efficiency lighting technologies that improve the quality of light for its retail, supermarket and commercial clients. For additional information on PowerSecure Lighting’s Solais, EfficientLights and EnergyLite brands, visit www.PowerSecureLighting.com.
# # #
o: 972-380-9595, 3373