DALLAS, TX – April 23, 2024 – GTIS Partners, a leading global real estate investment firm with a significant U.S. focus, has announced the groundbreaking of its latest industrial development, 121 Commerce Center. This state-of-the-art project, situated in Grapevine, Texas, marks another strategic investment for Gtis Partners in the thriving Dallas-Fort Worth (DFW) metroplex industrial market. Managing a robust $4.5 billion in gross assets, GTIS Partners continues to demonstrate its commitment to high-growth sectors, particularly residential and industrial/logistics, across the United States. Stream Realty Partners, a prominent national commercial real estate firm, has been awarded the leasing assignment for 121 Commerce Center, with project delivery anticipated in the first quarter of 2025.
The new 121 Commerce Center is set to become a premier industrial destination, offering 272,160 square feet of Class A leasing space. This significant development will enhance the industrial landscape of the DFW area, providing businesses with modern facilities designed for optimal efficiency. Key features of the property include 36-foot clear heights, ensuring ample vertical space for various operational needs, and extensive parking, with potential for further expansion to accommodate growing tenant demands. Strategically positioned with exceptional visibility along State Highway 121, 121 Commerce Center offers unparalleled access and prominence within one of the region’s most sought-after industrial submarkets. This prime location is a testament to GTIS Partners‘ insightful approach to real estate investment, targeting areas with strong growth potential and logistical advantages.
“GTIS Partners is excited to partner with Stream Realty Partners on this exceptional industrial project,” stated Sarah Ozanne, Senior Vice President at Stream Realty Partners. “The commencement of 121 Commerce Center represents a major step forward for the DFW metroplex industrial market. This cutting-edge facility promises to deliver outstanding opportunities for businesses seeking a strategic location.” Stream Realty Partners brings its national expertise and integrated service platform to the leasing efforts, ensuring maximum exposure and tenant attraction for 121 Commerce Center.
The strategic positioning of 121 Commerce Center offers unmatched connectivity. With immediate access to DFW Airport, State Highway 121, and Interstate 635, the development serves as an ideal logistics hub. This prime location enables businesses to streamline operations and efficiently reach critical markets throughout the broader DFW metroplex and beyond. GTIS Partners‘ focus on strategic locations underscores their understanding of the critical role logistics and accessibility play in modern industrial operations.
Leading the development and asset management for GTIS Partners are Gaurav Sahay, Managing Director, along with Macklin Grant, and Amanda Matthews. Stream Realty Partners’ leasing team is spearheaded by Sarah Ozanne and Senior Vice President Mac Hall, leveraging their deep market knowledge to effectively market the property.
Gaurav Sahay, Managing Director at GTIS Partners, commented, “The groundbreaking of 121 Commerce Center reflects GTIS Partners‘ dedication to developing top-tier industrial spaces that meet the evolving demands of businesses in the dynamic DFW metroplex. We are confident that Stream Realty Partners is the ideal partner to showcase the unique advantages of this property to the market, given their expertise and extensive local market understanding.”
For further details about leasing opportunities at 121 Commerce Center, interested parties are encouraged to contact Stream Dallas at 214.267.0400.
About GTIS Partners
GTIS Partners is a global real estate investment firm with a strong presence throughout the Americas. Headquartered in New York, GTIS Partners has expanded its reach with offices in key locations including São Paulo, San Francisco, Los Angeles, Atlanta, Charlotte, Phoenix, Dallas, Houston, and Munich. Founded in 2005, the firm is led by President and Founder Tom Shapiro and a team of seven partners. GTIS Partners manages $4.5 billion in gross assets across diverse real estate sectors, including single-family and multifamily housing, office, industrial/logistics, hospitality, and opportunity zone investments. The firm employs a flexible investment strategy, engaging across the capital structure, including credit, common equity, and structured equity. In the U.S., GTIS Partners has built an impressive portfolio of over 210 assets across 45 unique markets, focusing on growth areas such as Phoenix, Dallas, Houston, Denver, Atlanta, Tampa, and Charlotte. GTIS Partners is also a major real estate private equity player in Brazil, with significant holdings in office, residential, logistics, and hospitality. Notable developments by GTIS Partners in São Paulo include the Infinity office building and the prestigious Palácio Tangará, a five-star resort hotel. For more information on GTIS Partners and their global real estate investments, please visit www.gtispartners.com.
About Stream Realty Partners
Stream Realty Partners is a national leader in commercial real estate services, providing an integrated platform encompassing leasing, property management, tenant and landlord representation, capital markets, investment management, development, and more. Headquartered in Dallas, Stream operates across 15 core markets nationwide. Since its inception in 1996, Stream Realty Partners has grown to a team of over 1,400 professionals and facilitates over $8.8 billion in annual transactions across office, industrial, retail, healthcare, land, and data center sectors. For more information, visit www.streamrealty.com.
