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Cabot Properties and Stream Realty Partners Break Ground on Frisco Park 25 Corporate Center in Frisco, TX

 

PowerSecure Lighting to Serve as Anchor Tenant for the 160,000 SF Building

 

DALLAS (January 29, 2018) – Cabot Properties, a private equity real estate investment firm located in Boston, and Stream Realty Partners, a national real estate services, development and investment firm, have announced a new, 160,000-square-foot development in Frisco Park 25, a 216-acre, master-planned business park located in Frisco, Texas.

“We are excited to officially break ground on Frisco Park 25 Corporate Center as we continue to grow our presence in the Dallas – Fort Worth market,” said Damian Bailey, Cabot Properties’ senior vice president of investments. “The Frisco Economic Development Corporation and the City of Frisco have been exceptional to work with in getting this project started.”

PowerSecure Lighting, a division of PowerSecure, Inc., has selected the Class-A development as the site for its new corporate headquarters. As a leading provider of LED lighting products, they will serve as the anchor tenant totaling 75,000 square feet within the facility.  

“We are pleased to have an innovative technology and manufacturing company like PowerSecure Lighting as our lead tenant in the development,” said Bob Hagewood, senior vice president of Stream Realty Partners. “Frisco Park 25 is a great fit for PSL’s plan to combine its lighting division headquarters with distribution space for growing its business.”

PowerSecure Lighting is a market-driven manufacturing company who is relentlessly pushing the innovation envelope to create products that replace traditional lighting technologies with zero compromise to aesthetics and performance. Their products enhance the retail, supermarket, museum, hospitality, commercial and utility environments of the world's leading brands.

“This will be one of the first properties to be developed within Frisco Park 25,” said Cannon Green, co-managing director and partner of Stream’s industrial team.  “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.”

Cabot has purchased approximately 10 acres within Park 25 from the Frisco Economic Development Corporation (FEDC). Construction on the development has commenced with completion slated for mid-2018. Stream’s Cannon Green and Bob Hagewood will oversee development, leasing and management of the project.

Frisco Park 25 is a new 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. The FEDC anticipates approximately 2.2 million square feet of space to be developed at build out of Frisco Park 25 with an estimated value of more than $300 million. The property is located on Preston Road at Rockhill Parkway, just south of U.S. Highway 380. Find additional information at FriscoPark25.com.

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $8.2 billion in industrial real estate, managing and operating over 3,650 tenants in 165 million square feet.

About Stream Realty Partners

Stream is a national, 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 750 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. Or visit: www.streamrealty.com

About PowerSecure Lighting

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-efficient 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, please visit www.PowerSecureLighting.com.