RE #88: Chris Jackson - President of Stream Realty

Chris Jackson serves as President for Stream Realty. He oversees the company’s business units and is responsible for the growth and expansion of Stream’s businesses nationally. With twelve regional operating platforms nationwide, over 200,000,000 square feet of commercial buildings under leasing and/or management, and $2.9 billion in transaction volume annually, Stream is one of the fastest-growing commercial real estate firms in the country.

On this episode, Chris and Chris discuss the Industrial Real Estate Market, the growth of Stream since Chris J. joined, Stream's process of expanding into new markets, market intelligence, and the explosive growth of data centers. Enjoy.

Follow Chris on Twitter: www.Twitter.com/FortWorthChris

Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com

(01:24) - Chris’ Story and Career

(02:31) - What was it about Trammell Crow that created inspiration for the next generation of businesses?

(03:39) - What's the difference between the industrial market in the 90’s vs. today? 

(05:22) - Are you seeing these big bombers being built in the center city or a smaller product being developed?

(6:23) - Is it safe to say the industrial market is better in a post-COVID world vs. in Jan and Feb?

(07:37) - Where did you go after leaving Trammell Crow?

(09:15) - Why do you think Robert Lynn always comes up in conversation as a fantastic Junior Program?

(10:08) - What was your first day like at Stream?

(11:36) - What has Stream grown to offer since you joined?

(12:13) - What markets are you in today and what’s your job like now as President?

(13:39) - Where is the hub located?

(14:02) - How often do you open in a new market?

(14:53) - How do you know it's time to get into a new market?

(16:04) - Does each city have its own ownership or do they report back to Dallas?

(17:20) - Do you hire from within to expand to keep culture aligned?

(19:36) - What does Market Intelligence mean?

(21:56) - How would you tell a recent grad to learn a market?

(24:19) - What type of technology are you using to get the tons of information you have access to out to people that need it?

(26:09) - Were you early to the game in developing Data Centers? How did you get into it?

(27:36) - How big of a business is it now?

(27:55) - Is it fair to say the anticipated demand for data centers is endless right now?

(28:36) -  What makes a great ownership group? What do they all have in common?

(29:41) - What do you think about the nationwide real estate industry? How do you manage all of the data you have?

(31:47) - The Industrial Business for Stream

(33:08) - What will happen to office from your perspective?

(35:50) - Are you seeing leasing activity pick up at all or are is it all still on pause for the moment?

(37:33) - Comments on Retail

(40:19) - Is there any market in the US that people aren't aware could potentially boom?

(41:32) - When you’re developing industrial across the country, is it easiest to accomplish in Texas?

(42:27) - Development Fees for Markets with Long Lead Times

(43:51) - Are you seeing any multi-level projects go up?

(44:27) - Cold-Storage Development

(46:45) - How big is your marketing team? When did it become apparent how important marketing was for Stream?

(48:54) - How do you think about the consolidation of the industry?

(51:30) - What did your world look like when COVID hit?

(55:57) - Do you have a morning routine?

(56:50) - What is the best advice you’ve ever received?

(57:50) - If you owned a billboard, what would you put on it?

The FORT with Chris Powers is produced by Straight Up Podcasts