Stream Realty Partners, L.P. Completes Sale of 15490 Vickery Drive on Behalf of AMB Property Corporation(R) (NYSE: AMB)

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Apr 08, 2010, 10:00 ET

HOUSTON, April 8 /PRNewswire-FirstCall/ -- Stream Realty Partners, L.P. announced the sale of 15490 Vickery Drive, a 66,000 square foot industrial building, to SDV International Logistics, which specializes in international freight forwarding, transportation and logistics. The facility was vacant at the time of the sale.

Kyle Valentine and Justin Robinson of Stream Realty Partners, L.P. represented the seller, AMB Property Corporation®, which is based in San Francisco, California. Caleb Lawson of The Lawson Group represented the buyer, SDV International Logistics, which is based in France.

"Its location in the heart of World Houston as well as its specialized amenities including 15,000 square feet of office area and the existing on site lay down yard made this building very appealing to a number of users in the market," said Valentine.

Justin Robinson added that, "Given the lack of quality industrial properties on the market in this environment, this building really stood out from the crowd and matched up well with SDV's real estate and timing needs."

About AMB Property Corporation®:

AMB Property Corporation® is a leading owner, operator and developer of industrial real estate focused on the world's busiest distribution markets in the Americas, Europe and Asia. The Company operates as a publicly traded real estate investment trust ("REIT") and invests in properties located predominantly in the infill submarkets of its targeted markets. AMB serves approximately 2,600 customers in 47 markets in 14 countries with a portfolio of 155.1 million square feet. The Company's portfolio comprises High Throughput Distribution facilities—industrial properties built for speed located near key seaports, airports and major freeway interchanges. Their product is essential to creating efficiencies in the supply chain and our business encompasses a blend of real estate, global logistics and infrastructure.

About SDV International Logistics:

SDV International Logistics is a worldwide-known-and-leading group, specialized in international freight forwarding, transportation and logistics. Of french origin and now operating in 88 countries with 26,000 employees, SDV International Logistics belongs to the Bollore Group, which employs 31,000 people worldwide. Specialist in all areas of transportation and logistics, SDV International Logistics provides customized solutions using the most advanced technologies. SDV expertise lies on an in-house, built-in efficient IT system, a reactive and reliable international network and a close relationship with the major operators of the international transportation.

About Stream Realty Partners, L.P.:

Stream Realty Partners, L.P. is a full service real estate investment, development and services firm. Since its founding in 1996, Stream has grown dramatically from its two original partners to a staff of over 300 real estate professionals. Stream leases and/or manages over 60 million square feet of commercial buildings across the United States, completes over $1 billion in real estate transactions annually, and is considered one of the most active investors and developers in the Southwest.

SOURCE Stream Realty Partners, L.P.