NEWS

Triten Real Estate Partners Announce Construction of New Speculative Building in Northwest Houston

HOUSTON – Triten Real Estate Partners, a subsidiary of Triten Corporation, is proud to announce the construction of the final building at Intrepid Business Park. Located in the heart of Houston’s northwest industrial submarket, Intrepid is a highly visible, Class A industrial park with frontage on Brittmoore Road and superior access to Houston’s population centers and major thoroughfares such as Beltway 8, Interstate 10 and Highway 290.

“The first three buildings in the project, totaling nearly 200,000 SF, were very well received by the market. Our latest state-of-the art building will be built on the last remaining land parcel and will round out Intrepid Business Park. We are very excited to deliver it at a time of continued robust industrial fundamentals and look forward to the continued success of the park,” said Scott Arnoldy of Triten Real Estate Partners.

Stream Realty Partners has been retained to lease the project, with Justin Robinson and Jeremy Lumbreras leading the efforts. “Intrepid has already been an overwhelming success and we are looking forward to continuing that momentum. We were fortunate to add a high-caliber, Fortune 500 ranked company to the tenant roster in the project’s last building and we are confident the new delivery will appeal to the same type of tenants,” said Jeremy Lumbreras, Senior Associate with Stream Realty Partners.

The final building will be a speculative 86,250 square foot front-load, tilt-wall distribution building with modern amenities such as a 30-foot clear height, ESFR sprinkler system, spacious truck court and over one acre of possible outside storage. The building can accommodate multiple tenants and is currently under construction with an estimated completion date of first quarter 2015.

According to Stream Realty Partners, the northwest Houston industrial submarket finished second quarter 2014 at 3.7% vacant overall.

About Stream Realty Partners

Stream Realty Partners (Stream Realty) is a national real estate services, development and investment firm. The firm represents a diverse mix of local, national and international clients and leases and/or manages a portfolio of more than 111 million square feet of industrial, office and retail properties. Founded in 1996, Stream Realty has grown from two partners to a staff of almost 500 real estate professionals operating throughout the U.S. For more information, visit www.streamrealty.com.

Triten Real Estate Partners

Triten Real Estate Partners launched in 2011 as a subsidiary of the Triten Corporation. Triten Corporation is a private holding company founded in 1946, by Roman F. Arnoldy with deep roots in the energy, heavy construction and project management. Houston-based Triten Corporation continues its evolution through improvements in its existing businesses by developing and investing in new enterprises. For more information, visit www.triten.com.