The Amazon-occupied warehouse at 4949 Commerce Road is among the properties Stream Realty Partners recently bought. (Mike Platania photo)
A few weeks after buying a big chunk of industrially-zoned land in Chesterfield, a firm out of the Lone Star State has made an even bigger purchase in South Richmond.
An entity tied to Dallas-based Stream Realty Partners earlier this month bought a pair of warehouses occupied by Amazon and Japanese electronics manufacturer Brother International Corp. at 4701-4949 Commerce Road for $97.5 million, city records show.
The two warehouses, which total more than 900,000 square feet, were developed as spec space in the late 2010s by Panattoni and were later leased to Amazon and Brother.
Stream bought the Commerce Road properties from Maryland-based The Halle Cos., which had purchased them in early 2020 for $79 million.
The city most recently assessed the Commerce Road properties at a combined $87.3 million.
The April 9 Southside deal came just a few weeks after another LLC that’s also tied to Stream bought a 135-acre plot at 15601 Route 1 in Chesterfield for $3 million. That deal closed March 28 with Sauer Properties as the seller, according to Chesterfield County property records.
It’s unclear what Stream is planning for the Chesterfield parcel, which is zoned for industrial uses. The company didn’t respond to a request for comment by press time, and no plans have been filed.
Stream touts itself as a full-service commercial real estate firm, offering property management, land planning, development, and construction management services, per its website. Its portfolio counts over 411 million square feet of assets under management.
These two recent deals appear to be Stream’s first in the Richmond region.
The Amazon-occupied warehouse at 4949 Commerce Road is among the properties Stream Realty Partners recently bought. (Mike Platania photo)
A few weeks after buying a big chunk of industrially-zoned land in Chesterfield, a firm out of the Lone Star State has made an even bigger purchase in South Richmond.
An entity tied to Dallas-based Stream Realty Partners earlier this month bought a pair of warehouses occupied by Amazon and Japanese electronics manufacturer Brother International Corp. at 4701-4949 Commerce Road for $97.5 million, city records show.
The two warehouses, which total more than 900,000 square feet, were developed as spec space in the late 2010s by Panattoni and were later leased to Amazon and Brother.
Stream bought the Commerce Road properties from Maryland-based The Halle Cos., which had purchased them in early 2020 for $79 million.
The city most recently assessed the Commerce Road properties at a combined $87.3 million.
The April 9 Southside deal came just a few weeks after another LLC that’s also tied to Stream bought a 135-acre plot at 15601 Route 1 in Chesterfield for $3 million. That deal closed March 28 with Sauer Properties as the seller, according to Chesterfield County property records.
It’s unclear what Stream is planning for the Chesterfield parcel, which is zoned for industrial uses. The company didn’t respond to a request for comment by press time, and no plans have been filed.
Stream touts itself as a full-service commercial real estate firm, offering property management, land planning, development, and construction management services, per its website. Its portfolio counts over 411 million square feet of assets under management.
These two recent deals appear to be Stream’s first in the Richmond region.
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