Developed by CapRock Partners, West Valley Logistics offers best-in-class features, including 40-foot clear heights, a rear-load design with 28 dock-high doors, 45 trailer parking stalls, 130 parking spaces, and 10,000 square feet of two-story office space. The facility is strategically positioned with convenient access to the 57, 60, and 71 Freeways, making it an ideal hub for logistics and transportation. The building, completed in December 2024, was sold vacant to an alternative fashion company, marking one of the largest user-sale purchases in Los Angeles County in the last two years. 

“This transaction represents one of the largest user-sale purchases in the last two years within Los Angeles County,” said Wes Hunnicutt, Executive Vice President at Stream Realty Partners. “While the leasing market in East San Gabriel Valley remains sluggish, we are witnessing increased demand from owner-occupiers for quality building acquisitions. West Valley Logistics represents a Class A building in a prime location that will be very difficult to duplicate in the future with increased building regulations.” 

Stream Executive Vice Presidents Wes Hunnicutt and Matt Moore, along with Associate Mike Torres, represented CapRock Partners in the transaction. The property was designed by Douglas Franz Architects and constructed by Fulcrum Construction.  

About Stream Realty Partners 

Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook. 

The post Stream Realty Partners Facilitates the Sale of West Valley Logistics, a Premier Industrial Asset in the San Gabriel Valley appeared first on Stream Realty Partners.

IRVINE, CA – August 26, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, has been awarded the leasing assignment for The Atrium, a premier office property located at 19100-19200 Von Karman in Irvine, California. Additionally, Stream will relocate its regional corporate headquarters to the office complex in the fourth quarter of this year.     

The 334,828-square-foot Class A office project is comprised of two 10-story towers and boasts an array of amenities designed to enhance tenant experience, including a fitness center, conference room, dry cleaning service, Cassl Earth Coffee, Checkers Café, Bistango, 24 electric vehicle supercharging stations, and conveniences like a barber shop, car wash, and extensive basement storage.  

The Atrium offers a prime location in Irvine’s Airport submarket, which has witnessed 4.2 million square feet of leasing activity over the past year. Notably, Class A properties in Irvine accounted for 2 million square feet of this activity, featuring some of the largest transactions in Orange County.  

The Atrium’s proximity to UCI Health Irvine Medical Center—a cutting-edge medical campus slated to become the nation’s first all-electric, carbon-neutral medical center—adds significant value and convenience for tenants. 

“Our decision to relocate Stream’s regional corporate headquarters to The Atrium reflects our confidence in the opportunities it presents within Orange County,” said Managing Director of Office Investor Services Mike Adams. “We are poised to leverage our innovative, tech-forward leasing approach, complemented by digital marketing strategies, to attract top-tier tenants and continue to elevate this landmark project.”  

Andrew Kurzeka, Senior Vice President at The Kelemen Company, added, “We have made significant base building and common area improvements to The Atrium that innovate and improve the experience for our existing and prospective tenants. Partnering with Stream allows us to leverage their network to continue leasing momentum at the project.”  

Stream Vice President Peter Joyce, Senior Associate Morgan Adams, and Mike Adams handle leasing for the property.  

For more information, contact Stream Southern California at 949.203.3030.  

About Stream Realty Partners 

Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook. 

The post The Kelemen Company Taps Stream Realty Partners to Lease 334,828-Square-Foot Office Property in Irvine, CA appeared first on Stream Realty Partners.

Stream’s Mike Adams, senior vice president and Scott Bellizzi, vice president, marketed the property on behalf of the owner and Adams procured the buyer, Quantum Electronic Payments, LLC. This location will serve as Quantum Electronic Payments, LLC’s regional headquarters.

“The regional headquarters will enable us to be centrally located to service our Orange County, Los Angeles, and Inland Empire clients,” said Jerry Lai, President of Quantum Electronic Payments, LLC. “Our new modernized office environment promotes a healthy and productive workplace which will enable us to recruit and retain top talent from the growing Riverside and Orange County areas. This headquarters will support the goals and continued growth of Quantum Electronic Payments, LLC, as we strive to provide 100 plus jobs to the surrounding areas, by the end of 2019.”

“8185 East Kaiser was one of five office transactions in the Anaheim Hills submarket that has traded in the last twelve months,” said Bellizzi. “The seller had a twenty-day escrow period and only two weeks downtime before a successful close.”

“We are seeing business owners continue to bet on themselves by adding real estate to their portfolio because of tax advantages and appreciating values as the market improves,” said Adams. “Real estate gives them protection from increasing future lease rates and flexibility in size.”

The purchase of 8185 East Kaiser is the third transaction Stream has completed with an owner/user buyer in the last three months. Adams recently represented two buyers in Newport Beach, Bob’s Watches for a 10,000-square-foot facility, and Pace Recovery in the purchase of a 7,500-square-foot building. 

The post Stream Realty Partners Sells 14,899 RSF Building in Anaheim Hills appeared first on Stream Realty Partners.

Today, we’ll hit the highlights of yesterday’s conference, but look for deeper dives of each panel in the coming days on Connect CRE.

It Starts with Service featured a Special Presentation by Caruso’s Vincent J.Burneikis, Vice President of Learning, Development, & Hospitality, on what it takes to create the experience in retail centers that every customer wants to come back to. That is accomplished by capturing “heart share and market share.” He points out, one of the inherent needs of people is to feel the energy of the street, a secret Caruso has uncovered and incorporates into its properties. In doing so, the retail developer and owner has achieved success few others have. That includes centers that capture longer shopper visits, generate higher per-visit spending, and places where 92% of shoppers purchase something.

The guest experience at a Caruso property is encapsulated in three elements: product, service and atmosphere, all of which must work together to create the right mix. By acutely focusing on customer service, Caruso helps give people the gift of time.

The Future of Malls panel focused on redevelopment, reinvestment and reinvisioning. Developers and investors shared how they are changing retail spaces, and thinking way outside the box to create new spaces where we shop, eat, work, and play.

Festival Companies’ Robin Bhalla predicts “Amazon is here to stay. I don’t see that as problem. They’ve helped retailers adapt and step up their games.” Today, that typically means focusing on placemaking, creating connectivity, and giving people a reason to get off the couch.

Simon Property Group’s Matt Sebree points out a strategy today may often involve exploring what digital native brands fit a market or mall. If an owner can help a digital native brand make the successful transition into a brick-n-mortar location it means more opportunities for everybody. If they don’t make the shift, it may mean they shut down online channels, too. But, if they are able to make the jump, he says, “there’s more [stores] open to buy [from in] our portfolio and for everybody” and that helps to evolve the retail sector.

GPI Companies’ TR Gregory agreed it is no secret that e-commerce is here to stay, though the initial fear surrounding it is evolving into new opportunities and synergy for retailers. As online retailers open up brick-n-mortar stores, it becomes a new reality and more opportunities. That’s especially true if they do fulfillment for online orders from those locations. He notes that’s a good thing because it brings people to a property.

Stream Realty Partners’ Michelle Schierberl notes she expects to see more alternative uses emerge across the retail landscape. An example of that is San Diego’s Horton Plaza, which is being converted from a retail center to creative office. The days of 100% retail could give way to a residential component being introduced or a hospital facility being added to a center, she says.

Greenberg Glusker’s Craig Coan pointed out that he’s heard that retail properties in China only contain 30% retail space, with the balance being occupied by such uses as kids tenants, like tutors or healthcare services.

The Up, Up, Up? Investment Sales in 2019 and Beyond panel explored what’s next. That included putting the recent market volatility and changing trends into perspective as the year of consolidation, dispositions, and redevelopment unfolded. Investment sales leaders shared what they see for the future and the next cycle.

Read full article here>>

By: Dennis Kaiser

SOURCE: Connect Media

The post Connect Retail West Recap: “Alive, Well, & Here to Stay” appeared first on Stream Realty Partners.

“We are delighted to have such a knowledgeable and successful group join our Greater Los Angeles office,” said Chris Jackson, regional managing partner. “The addition of this team and their combined 30 years of experience within capital markets and retail investment services, will be instrumental in the development of our retail presence within the Southern California market.”

“Michelle, Chad and I are extremely pleased to be joining Stream. We have been offered the opportunity to grow the retail platform and create a vision that ensures our clients top level service,” Ellis said. “Stream’s culture focuses specifically on each individual client to satisfy their needs. We feel this has become a lost art in today’s ever-changing environment.”

“We are excited to be at a firm that is nimble, has innovative ways to create incentives and is collaborative,” Schierberl added. “We look forward to growing our team and business in this unique and evolving market.”

Schierberl, Ellis and Dixon were previously at Colliers International in the Retail Investment Services Group. As a team, they have nearly $3 billion in transactions for a variety of institutional and private clients. Their niche is neighborhood and community centers primarily within the Southern California market.

The post Stream Announces Addition of Retail Division to Southern California Market appeared first on Stream Realty Partners.

 The property, spanning 15,885 square feet, boasts prime industrial condo space in a strategic Orange County location. Featuring essential amenities, including 100% HVAC coverage, 18-foot clear heights, two grade-level loading doors, fire sprinklers, and a robust power supply, 1940 W. Corporate Way offers a highly functional and adaptable workspace for tenants.  

One notable aspect of the property is its commitment to sustainability, exemplified by the presence of solar panels on the roof. Not only do these panels promote environmental responsibility, but they also offer potential cost savings for occupants, aligning with modern business priorities. 

Stream Vice Presidents Chad Dixon, Geoff Foley, and Peter Joyce facilitated the transaction on behalf of a private seller.  

The sale process was highly efficient, with Stream procuring for competitive offers within a remarkably short marketing period of less than 60 days. The transaction was swiftly executed with a private all-cash investor and closed within 21 days. Despite the challenges posed by current capital market conditions and the property’s short-term remaining lease, the sale resulted in a positive outcome for the seller.  

 “We are extremely pleased with the outcome of the sale of 1940 W. Corporate Way,” said Dixon. “Our team’s dedication to excellence, combined with the property’s compelling attributes and prime location, led to a successful transaction that surpassed expectations. Through a competitive bidding process with multiple offers, we navigated a lockstep sale journey with our client. This win underscores our dedicated pursuit of delivering unparalleled outcomes for our clients.”  

About Stream Realty Partners 

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. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook. 

The post Stream Realty Partners Facilitates Sale of an Industrial Condo within Crescent Corporate Center in Orange County  appeared first on Stream Realty Partners.

Stream, a national commercial real estate firm offering an integrated platform of services, is tasked with securing high-quality tenants in need of a well-located, state-of-the-art logistics facility in the East Industry area of the San Gabriel Valley. Stream Executive Vice Presidents Wes Hunnicutt and Matt Moore, along with Associate Mike Torres, are leading the project’s leasing efforts.

“Stream Realty Partners brings an innovative approach to driving interest and awareness in the Los Angeles industrial real estate market, and CapRock is pleased to have its skilled and knowledgeable team as a key partner in the leasing of West Valley Logistics Center,” said Mike Kent, Senior Vice President of Asset Management at CapRock Partners. “Our firms’ collective vision for success is strategically aligned, and CapRock is confident in Stream’s ability to create buzz and execute in procuring a preferred tenant for this desirable property.”

Designed by Douglas Franz Architects, the LEED-certified speculative development offers 40-foot minimum warehouse clearance, secure dual access with drive around capabilities, rear load with 28 dock-high doors, 45 trailer parking stalls, 130 car spots, and 10,000 square feet of two-story office space. Construction is led by Fulcrum Construction.

“Stream is proud to head the marketing efforts for West Valley Logistics Center on behalf of CapRock Partners, a leading investor and developer of industrial real estate in the Western and Central U.S.,” said Moore. “The San Gabriel Valley is dynamic and a crucial component in Southern California’s supply chain. New construction over 200,000 square feet is extremely rare in this submarket and CapRock’s new development represents an excellent opportunity for corporations to obtain new state-of-the-art distribution warehouse space in this valuable location.”

Located at 4200 West Valley Boulevard, West Valley Logistics Center is ideally positioned southwest of the I-10 and SR-57 interchange, providing efficient access to major Southern California logistics routes, such as the 57, 60 and 71 freeways, as well as Ontario International Airport. It is located approximately 47 miles from the Ports of Los Angeles and Long Beach. Corporate neighbors include logistics and distribution leaders such as FedEx, HD Supply, NFI Industries, Ryder Logistics, and Williams Sonoma. West Valley Logistics’ location also qualifies it as an Opportunity Zone (OZ), offering attractive tax incentives for potential users.

With a 2.2% vacancy rate, the San Gabriel Valley was the only Los Angeles industrial submarket to post positive absorption in Q2 2023, according to Stream.

For more information on West Valley Logistics Center, call Stream’s Southern California office at 949.203.3030.

About Stream Realty Partners
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. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.

The post CapRock Partners Selects Stream Realty Partners To Lead Leasing Efforts For New San Gabriel Valley Distribution Center appeared first on Stream Realty Partners.

Stream, a national commercial real estate firm offering an integrated platform of services, has a core office in Irvine that has closed 14 transactions valued at $7 million in the last several months. Lease and sublease deals have ranged from 1,100 square feet to 9,054 square feet for a total of 51,160 square feet. Six of those transactions involved companies that are new to Orange County.

Jarret Stinger, an Associate with Stream Southern California’s investment sales division, said the deals included:

• Representing Endurant Energy in three transactions to help them expand in the Inland Empire (an industrial warehouse), San Jose (an industrial warehouse), and Irvine (new headquarters office).
• Representing the owner of 32 Mauchly in Irvine in a lease that included Eurofins, an $11.6-billion company. The building is now available for sale as a leased investment, with Stinger serving as the broker.
• Representing a regionally renowned chiropractor in a relocation to a facility with an ocean view in San Clemente.
• Completing four deals that helped local trades (two HVAC professionals plus an electrician and plumber) expand their operation within Orange County.
• Representing a multi-city medical group that purchased a fully leased medical facility.
• Helping a large, local nonprofit relocate to a submarket that more suits its current needs.

Many of these leases­–companies involved asked not to be identified–were for shorter terms than usual, Stinger said. “Tenants are seeking and receiving one- or two-year leases rather than the three- to five-year deals that owners and landlords are typically used to,” he noted.

Among the buildings tenants are moving to in Southern California include 100 Spectrum Center Drive and 2082 Business Center Drive in Irvine; 9155 Archibald Ave. in Rancho Cucamonga; and 3230 E. Imperial Highway in Brea.

Stinger, a Southern California college graduate and long-time resident, said he has noticed several trends, especially in Orange County where vacancy is at 2.2% in South County, that commercial real estate brokers will likely encounter in the next few years:

• Owners and landlords are more likely to provide free rent to tenants as an incentive versus making major improvements to a building. “That’s likely due to the lack of liquidity owners are having now.”
• Clients that are looking to buy properties are changing their minds and leasing right now due to the increase in interest rates.
• Lease renewals will be common for the next 12 months as companies wait to see what happens with the markets.

Stream recognizes that every day brings new insights and fresh predictions on how the commercial real estate industry will be affected by rising interest rates, bank instability, and the overall U.S. economy. The firm aims to keep its clients ahead of challenges and in front of opportunity.

Contact Stream Southern California for any questions about leasing office, industrial, or flex spaces.

The post Stream Realty Partners Closes $7 Million In Leasing Transactions Across Southern California appeared first on Stream Realty Partners.

CRST The Transportation Solution Inc. will occupy a 125,480-square-foot warehouse at 1090 E. Belmont in the Inland Empire’s Airport Area submarket. The Cedar Rapids, Iowa-based company plans to establish a truck maintenance and logistics center on the 11.2-acre site that is minutes from Interstates 10 and 15 and State Route 91. Terms of the lease were not disclosed.

Stream Realty Partners Managing Director Jordan Decker and Senior Associate Adrian Boone represented the tenant in the transaction. Stream, a national commercial real estate firm offering an integrated platform of services, recruited the duo from Cushman & Wakefield, where the transaction originated. Decker and Boone now support Stream Chicago’s tenant representation team.

Kyle Kehner and Brice Larson of Cushman & Wakefield were a part of the original transaction team and provided local market knowledge and support to complete the deal. Clyde Stauff and Jace Gan of Colliers International represented the landlord, Realterm, an independent global investment manager focused on the transportation industry.

“Finding properties and facilities in the Inland Empire that satisfy operating and budget requirements is no small feat,” CRST CEO Hugh Ekberg said. “Adrian Boone and Jordan Decker from Stream, with support from the local Cushman & Wakefield team, provided great commitment, expertise, and diligence to find a property to deliver our planned operational and financial results. We look forward to moving our team and operations into the Belmont facility, realizing the benefits, and maintaining our business relationship with Stream.”

CRST’s new Class A industrial building offers 103,436 square feet of warehouse space, plus two offices and a maintenance facility. The property features 30-foot clear heights, 66 dock-high loading doors, two grade-level loading doors via a ramp, 102 trailer stalls, 126 car parking spaces, an ESFR sprinkler system with K-17 heads, a large paved and secured yard area, and a fuel island.

The property provides immediate access to State Route 60 via Grove Avenue and is ideally situated with Ontario International Airport less than 2 miles away. Additional airports–including Los Angeles International, Long Beach, and John Wayne–and the ports of Los Angeles and Long Beach are all within 55 miles.

“The Inland Empire submarket is a perfect location for CRST’s West Coast regional headquarters,” Decker said. “The location is well situated for its local employee base, and the proximity to I-15 and I-10 provides ideal access for their truck drivers. Our client will be well-positioned to benefit from the continued growth of e-commerce in a location that is so close to Los Angeles via rail and highway. Some of the nation’s largest retailers, distributors, and e-commerce firms call this region home, and we know CRST will fit right in.”

Stream has a rapidly growing presence in Southern California, with a core office in Irvine and satellite location in the Inland Empire that focuses on industrial development, leasing, and property management.

The post National Transportation Company To Set Up West Coast Regional Headquarters In 125,000-Square-Foot Inland Empire Logistics Center appeared first on Stream Realty Partners.

Wes Hunnicutt and Matt Moore join Stream, a national commercial real estate firm offering an integrated platform of services, as Executive Vice Presidents responsible for industrial tenant representation, transaction management, and new client and business pursuits. The duo will work with Executive Managing Director and Partner Martin Pupil to expand the company’s occupier services platform across the Los Angeles, Orange County, and Inland Empire markets.

“Stream’s entrepreneurial approach to commercial real estate allows our team to grow our industrial tenant representation business while partnering with our clients who are interested in realizing value through building acquisitions and build to suits,” Hunnicutt said. “Stream’s in-house construction expertise, combined with our brokerage service, allows clients to create value instead of liability through real estate without impacting the company’s bottom line. This collaborative service offering is unique to Stream, and we believe our clients will take full advantage of this partnership.”

Hunnicutt and Moore came to Stream from Newmark, where they served as Senior Managing Directors specializing in the acquisition and disposition of industrial space.

“The core of Stream’s business is being forward-thinking and dynamic in an ever-changing real estate market, Moore said. “Having the ability to join a team surrounded by passionate, best-in-class partners in brokerage, development, and construction who put the client first made the decision to join Stream and easy one.”

Hunnicutt started his commercial real estate career at Corporate Realty Advisors before joining Lee & Associates as a Senior Vice President. He was a Principal at Cresa in Orange County prior to joining Newmark. Moore began his career at Lee & Associates in Newport Beach before joining NAI Capital as a Vice President. He also worked as a Vice President at Cresa in Orange County prior to joining Newmark.

“I am very excited to be growing our industrial tenant representation business,” Pupil said. “Southern California is the country’s largest industrial market, and we need to continue to expand our footprint.”

Stream Southern California has a leasing and property management portfolio of more than 7.1 million square feet of office and industrial space. The operation has more than 40 professionals between its core office in Irvine and satellite location in Corona.

The post Two Experienced Southern California Commercial Real Estate Brokers Join Stream Realty Partners’ SoCal Industrial Tenant Rep Team appeared first on Stream Realty Partners.