Dallas-based Stream Realty Partners announced that Bates Arnot will lead its central region Industrial Development Services division as managing director.
In the elevated role, Arnot will continue sourcing development opportunities throughout Texas and Colorado and other regional markets, Stream said.
“We knew when Stream set out to build its Industrial Development platform that we needed Bates on our team,” Cannon Green, national head of Industrial Development Services for Stream, said in a statement. “He is a tremendous asset, and I am very proud to see him lead the central region team now. Bates is smart, hard-working, humble, and a strong leader who can teach. He also thoroughly understands the brokerage side of the business and can execute deals. Talent like Bates is truly unique. I look forward to watching him continue to succeed at Stream.”
Arnot will manage the Industrial Development Services platform’s largest team, continue to source new development talent and contribute to Stream’s national IDS platform’s leadership and overall growth strategy.
Arnot first came to Stream in 2009 as a young industrial leasing broker in Dallas. Green, a fellow leasing broker at the time, took the initiative as Arnot’s professional mentor and business partner, the company said.
Stream said that the two saw great success together.
“Since joining Stream in 2009, the firm has grown its service offering considerably, and now boasts a significantly larger portfolio,” Arnot said in a statement. “Even with this substantial growth, Stream’s unique collaborative culture driven by a talented roster of professionals, still remains it’s most powerful differentiator.”
Experience at Hillwood, return to Stream
Stream said that Arnot left the company in 2013 to learn more about industrial development at Hillwood (a Perot Company), a multinational industrial, commercial, and residential real estate development company, also based in Dallas.
While there, Arnot was responsible for leasing, land acquisitions, development, and property acquisitions in multiple markets, including Dallas-Fort Worth, Denver, Houston, Austin, and Memphis.
He was involved with more than 28 million square feet of leasing and 1,170 acres of land acquisitions, representing 14.5 million square feet of industrial development, Stream said.
Arnot rejoined Stream in 2020 to help build its new Industrial Development Services platform, the company said.
Since Arnot’s return, the team has accumulated 10 current projects in the central region with a total cost basis of roughly $1.1 billion. His most recent success was a start-to-finish development and forward-sale of a 300,000-square-foot industrial building to Westcore Properties executed earlier this year.
“I’m eager to lead the central region Industrial Development Services team during this incredible time of growth,” Arnot said. “When I came back to Stream three years ago, I already knew Cannon and the capabilities of this very talented team. I was confident we could accomplish great things together, and I’m proud of the work we’ve achieved so far and anticipate many more successes in the future.”
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Fort Worth's Rupa Iyer is expanding Tarleton State University's research and innovation impact in the region and beyond. The Stephenville university new "GRANTED" initiative picks up momentum following the recent approval of Tarleton's new Biotechnology Institute in downtown Fort Worth.
-
Fifteen community-oriented developers have been named to the Community Developers Roundtable, which addresses gaps in the community development ecosystem by offering a long-term, developer-led structure with ongoing feedback and accountability to community-oriented development projects. The program features a projected $1 million dedicated pre-development fund, staff capacity stipends, and financial resources for technical assistance, including professional coaching and project feasibility studies.
-
Dallas-based architecture and planning firm Merriman Anderson Architects announced that Amanda Hendrick is its new director of strategy and development. Hendrick joins the firm's leadership team as an associate principal and brings 15 years of experience in the commercial real estate industry to her new role. “Building on 40 years of impact, we are thrilled to welcome Amanda to the MAA family and are confident she will help the firm innovate thoughtfully and strategically as we enter a new era in commercial real estate,” MAA President Milton Anderson said in a statement. “Amanda joins us with a keen understanding of…
-
Dallas city officials have implemented a new Incentive Policy that includes a range of new tools to promote investment in underserved areas, including standardized tax abatements, community development loans and grants, predevelopment loans, and an infrastructure investment fund. These measures are expected to spur new development, create jobs, and enhance equity for all Dallas residents.
-
The Fort Worth Local Development Corp. approved $500,000 over two years to create the Fort Worth Entrepreneurship Center. The center will be operated by The DEC Network in the city's Near Southside neighborhood, according to the Fort Worth Report.
