Capital Markets Archives | Stream Realty Partners https://streamrealty.com/category/services/capital-markets/ Changing the Landscape of Commercial Real Estate Wed, 15 Jan 2025 18:42:02 +0000 en-US hourly 1 Stream Realty Partners Expands Florida Footprint with the Hiring of Industry Veterans Steve Medwin and Nick Wigoda https://streamrealty.com/stream-realty-partners-expands-florida-footprint-with-the-hiring-of-industry-veterans-steve-medwin-and-nick-wigoda/ Wed, 15 Jan 2025 18:42:02 +0000 https://streamrealty.com/?p=28845 MIAMI – January 15, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the addition of Steve Medwin, SIOR, CCIM, and Nick Wigoda, SIOR, as Managing Directors & Executive Vice Presidents in South Florida.   Bringing over five decades of combined experience, Medwin and Wigoda have a […]

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MIAMI – January 15, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the addition of Steve Medwin, SIOR, CCIM, and Nick Wigoda, SIOR, as Managing Directors & Executive Vice Presidents in South Florida.  

Bringing over five decades of combined experience, Medwin and Wigoda have a proven track record of representing institutional owners, investors, and occupiers in the industrial real estate sector. Having worked together since 2008, they have completed over two billion dollars in transactions, earning a reputation for delivering innovative and strategic solutions that address the complex needs of industrial real estate clients.  

“Adding Steve and Nick to the Stream team represents our commitment to Florida and our ambition to be a dominant force in the region,” said Blake Kendrick, Chief Operating Officer at Stream. “Their expertise and entrepreneurial approach align perfectly with our vision to bring exceptional value to our clients. We look forward to having them drive Stream’s industrial platform in South Florida and beyond.” 

With over 30 years of experience in industrial real estate, Medwin is a leading specialist in representing owners, investors, and occupiers of commercial real estate. Medwin has completed over 1,000 transactions across 25 states, covering millions of square feet and totaling more than $2 billion in value. His expertise includes landlord and tenant representation, land sales, investment sales, and ground-up development. 

“Our clients are Stream’s clients,” said Medwin. “The transition to Stream allows us to enhance the value we bring to institutional owners and investors, leveraging Stream’s robust platform and entrepreneurial mindset to identify and source opportunities, particularly off-market acquisitions and development. We are proud to join a company that was born as an industrial platform and shares our commitment to creating lasting relationships.”   

Wigoda brings 22 years of experience representing top REITs, private equity firms, and corporate occupiers in South Florida and nationally. He specializes in commercial sales and leasing transactions, including industrial investment and development strategies, and has advised clients across industries such as food products, logistics, aviation, and manufacturing. 

“Stream’s agility and innovative approach make it the ideal environment for us to better serve our clients,” said Wigoda. “Florida is experiencing incredible momentum, and we are thrilled to contribute to Stream’s growth in the region. The value Stream creates for its clients through its nimble and collaborative strategies is unmatched, and we are honored to be a part of it.” 

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. 

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Stream Realty Partners Doubles Down on Commitment to Florida with Orlando Office Opening and Strategic Additions to Team https://streamrealty.com/stream-realty-partners-doubles-down-on-commitment-to-florida-with-orlando-office-opening-and-strategic-additions-to-team/ Mon, 03 Jun 2024 16:47:41 +0000 https://streamrealty.com/?p=27911 ORLANDO, FL – June 3, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, continues its aggressive growth in Florida with the opening of its Orlando office, following closely on the heels of the recent Tampa expansion. Accompanying this milestone are significant additions to the firm’s team, […]

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ORLANDO, FL – June 3, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, continues its aggressive growth in Florida with the opening of its Orlando office, following closely on the heels of the recent Tampa expansion. Accompanying this milestone are significant additions to the firm’s team, with three seasoned professionals joining from JLL to lead the company’s efforts in Central Florida.  

An industry veteran who specializes in landlord representation, Executive Managing Director John Gilbert joins Stream’s Orlando operations with a deep institutional and private entrepreneurial roster. Together with Executive Managing Directors Greg Katz and Gary Godsey, he will also lead Stream’s strategic initiatives in Central Florida, helping to elevate the firm’s footprint and service offerings.  

This dynamic team is further bolstered by Executive Vice President Darryl Hoffman and Senior Associate Jake Attaway, whose focus is on further developing the Capital Markets and Investment Sales practice statewide. Leveraging their creative strategies and collaborative approaches, the JLL recruits will enhance and broaden Stream’s innovative platform within the market. 

“Having worked in commercial real estate in Orlando for nearly three decades, I am excited to join Stream and contribute to its vision of leadership and excellence in every service line,” said Gilbert. “I look forward to expanding the platform in Central Florida and cultivating an environment where our team members can excel.” 

Hoffman added, “Stream’s commitment to fostering genuine relationships and delivering exceptional results aligns perfectly with our values. I look forward to collaborating with this outstanding team to drive innovation and client success in the Orlando market.”  

“Stream’s rapid growth in Florida underscores our commitment to providing best-in-class services to clients across the state,” said Katz. “The firm’s continued investment in top-tier talent and strategic market expansion reflects its dedication to delivering exceptional value and service excellence to clients.” 

Stream Florida has been rapidly bolstering its footprint in the market. It now has more than 25 employees, actively transacting more than 3 million square feet of office and industrial requirements, and offers the full spectrum of services, including Landlord and Tenant Representation, Capital Markets, and Investment Sales. 

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. 

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Stream Realty Partners Facilitates Successful Sale of Maplecrest Industrial Center in Charlotte, North Carolina https://streamrealty.com/stream-realty-partners-facilitates-successful-sale-of-maplecrest-industrial-center-in-charlotte-north-carolina/ Wed, 15 May 2024 19:31:10 +0000 https://streamrealty.com/?p=27856 CHARLOTTE, NC – May 14, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the sale of Maplecrest Industrial Center, located at 2725 and 2905 Westinghouse Boulevard in Charlotte, North Carolina. The transaction was valued at approximately $12.6 million, reflecting a competitive price of $200 per […]

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CHARLOTTE, NC – May 14, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the sale of Maplecrest Industrial Center, located at 2725 and 2905 Westinghouse Boulevard in Charlotte, North Carolina. The transaction was valued at approximately $12.6 million, reflecting a competitive price of $200 per square foot.  

A private investor purchased Maplecrest Industrial Center, which comprises two fully leased buildings totaling 63,200 square feet. Stream’s Executive Vice President Grant Keyes and Vice President Alex Olofson represented Hipp Investments, an out-of-market seller in the transaction.   

“Our team is proud to have played a role in the off-market sale of Maplecrest and delivered a tremendous outcome for our client,” said Olofson. “Despite the financing market being in the doldrums these past few years, this type of product remains a focal point for investors. “ 

The Maplecrest Industrial Center is strategically situated along Westinghouse Boulevard, providing convenient access to major transportation arteries, including the Interstate 77 and Interstate 485 interchange, the Charlotte Douglas Airport, and Interstate 85. The property’s in-fill location, combined with its current income and potential for rental growth, made it an attractive investment opportunity. 

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. 

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Recap of Stream ICM & Westcore Video Series, featuring Hack Adams https://streamrealty.com/recap-of-stream-icm-westcore-video-series-featuring-hack-adams/ Wed, 27 Mar 2024 04:00:12 +0000 https://streamrealty.com/?p=27608 Stream Industrial Capital Markets (ICM) leaders, Matteson Hamilton and Seth Koschak, interviewed Westcore Senior Managing Director Hack Adams, in a 3-part video series that focused on Westcore’s growth trajectory, their appetite for industrial acquisitions in DFW and beyond, building trusted relationships with the brokerage community, and trends they’re seeing across the industrial sector.   With a […]

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Stream Industrial Capital Markets (ICM) leaders, Matteson Hamilton and Seth Koschak, interviewed Westcore Senior Managing Director Hack Adams, in a 3-part video series that focused on Westcore’s growth trajectory, their appetite for industrial acquisitions in DFW and beyond, building trusted relationships with the brokerage community, and trends they’re seeing across the industrial sector.  

With a 25 MSF industrial portfolio and around $4B of assets under management, Westcore has been growing in size and scale over the last few years, but their entrepreneurial spirit is rooted in all that they do, and we’re excited to continue to partner together for success in Texas and beyond. 

CONVERSATION 1: Westcore’s company growth—specifically their recent expansion into Texas—and the reason why having a presence in DFW was so important to them


CONVERSATION 2: Westcore’s appetite for projects in DFW, their team dynamic and transaction process, as well as the importance of transparency, honesty, and relationships when partnering with the brokerage community.


CONVERSATION 3: Continued appetite for industrial in specific markets, where they’re seeing the most interest, and cautious optimism on behalf of industrial investors.


 

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Ledo Capital Group, St. Clair Commercial Real Estate Acquire 45.76 Acres For Industrial Development In San Marcos https://streamrealty.com/ledo-capital-group-st-clair-commercial-real-estate-acquire-45-76-acres-for-industrial-development-in-san-marcos/ Thu, 13 Apr 2023 14:42:33 +0000 http://streamrealty.com/?p=25218 Ledo Capital Group and St. Clair Commercial Real Estate announce plans for three industrial buildings in San Marcos, breaking ground in the fourth quarter of 2023. The San Marcos Business Park will consist of 663,460 square feet of buildings on 45.67 acres of industrial-zoned land along Interstate 35 in the Whisper South master-planned area of […]

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Ledo Capital Group and St. Clair Commercial Real Estate announce plans for three industrial buildings in San Marcos, breaking ground in the fourth quarter of 2023.

The San Marcos Business Park will consist of 663,460 square feet of buildings on 45.67 acres of industrial-zoned land along Interstate 35 in the Whisper South master-planned area of San Marcos.

Building A will accommodate single or multi-tenant uses totaling 204,460 square feet with freeway frontage. Building B is a free-standing, 84,000-square-foot facility. Building C is a 375,000-square-foot building allowing for single or multi-tenant divisibility. All buildings will have rear-load capabilities with 32-inch to 36-inch clear heights and ESFR fire sprinklers. The site also has a large, secured truck court to accommodate heavy parking, trailer storage, and/or outside storage.

The site has direct visibility to I-35 and is accessible from the I-35 frontage road between Yarrington Road and River Ridge Parkway.

Stream Realty Partners Senior Vice Presidents Kevin Cosgrove and Payton Rion brokered the sale of the 45.67-acre plot. Cosgrove and Senior Vice President Adam Green will market the buildings for lease, own, or build-to-suit.

The development team is headed by Paul Wagner with Arco Murray Design Build in Austin, with civil engineering by Kimley-Horn.

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Stream Realty Partners Hires Seasoned Professional To Continue Expanding Land Brokerage Business in Dallas, Fort Worth  https://streamrealty.com/stream-realty-partners-hires-seasoned-professional-to-continue-expanding-land-brokerage-business-in-dallas-fort-worth/ Wed, 03 May 2023 07:30:46 +0000 http://streamrealty.com/?p=25268 Stream Realty Partners has recruited a seasoned land professional to help owners, developers, and investors maximize the value of their real estate holdings in today’s changing economic and regulatory landscape. Shawn M. Street will serve as a Vice President of Dallas’ land division, working alongside Senior Vice President Demian Salmon to expand the firm’s land […]

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Stream Realty Partners has recruited a seasoned land professional to help owners, developers, and investors maximize the value of their real estate holdings in today’s changing economic and regulatory landscape.

Shawn M. Street will serve as a Vice President of Dallas’ land division, working alongside Senior Vice President Demian Salmon to expand the firm’s land brokerage business across the Metroplex. He will be responsible for identifying, sourcing, and closing land transactions. Stream land experts leverage industry-leading technology to provide market analysis, feasibility studies, strategic site selection, residual valuations, highest and best uses, mapping, and demographic research.

Street was a Senior Vice President with Younger Partners and founded Street & Associates prior to joining Stream, a national commercial real estate firm headquartered in Dallas and offering an integrated platform of services.

“I chose Stream for its culture and reputation as a best-in-class business,” Street said. “The firm lives up to its values of putting relationships first, adapting to a constantly changing market, and continuously growing its culture. The best organizations are built on great people, and I wanted to be a part of that at Stream.”

Street brings prior commercial real estate experience to his new role, working as a Consultant at Landry Commercial Inc. He also spent more than nine years as an Independent Petroleum Landman for Tidewater Development.

“Shawn brings a passion for finding off-market transactions and maximizing their value for landowners,” Salmon said. “I have no doubt he will hit the ground running thanks to his extensive knowledge of the DFW market.”

Stream’s land division has brokered more than 150 transactions of more than 3,170 acres in the Dallas-Fort Worth area in the last several years. The total value of those deals was $359 million.

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Stream Realty Partners Assists Northridge Capital In $19.15 Million Sale Of Grinnell Water Works https://streamrealty.com/stream-realty-partners-assists-northridge-capital-in-19-15-million-sale-of-grinnell-water-works/ Fri, 26 May 2023 07:00:48 +0000 http://streamrealty.com/?p=25478 A historic creative office building in the FreeMoreWest submarket has sold for $19.15 million. A Charlotte-based real estate investment firm has purchased Grinnell Water Works at 1435 W. Morehead St. from Washington, D.C.-based Northridge Capital, an independent real estate asset management firm. The property was 70% leased at the time of the sale. Stream Realty […]

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A historic creative office building in the FreeMoreWest submarket has sold for $19.15 million.

A Charlotte-based real estate investment firm has purchased Grinnell Water Works at 1435 W. Morehead St. from Washington, D.C.-based Northridge Capital, an independent real estate asset management firm. The property was 70% leased at the time of the sale.

Stream Realty Partners Senior Associate Alex Olofson and Jared Londry of PointBlank Ventures represented the seller in the transaction. Stream, a national commercial real estate firm offering an integrated platform of services, has a growing office in Charlotte that operates in North and South Carolina.

“We at Northridge Capital have tried to be good stewards of a truly iconic asset in Grinnell Water Works for the past seven years and wish the new owner the best of luck going forward,” said David Etemadi, Managing Director with Northridge Capital. “We would also like to thank Alex, Insite Properties, Jared, and everyone involved for an incredibly smooth transaction during a very difficult time in the market.”

Grinnell Water Works was built in 1930 and offers approximately 52,000 square feet of rentable office space across two floors. The building features a standout sawtooth roof design with high-character industrial skylights, loft ceilings, and exposed brick.

Tenants of Grinnell Water Works are afforded easy access to Interstates 77 and 277 and are surrounded by an expanding restaurant and brewery scene. FreeMoreWest is within minutes of Charlotte’s South End, Bank of America Stadium, a proposed LYNX Silver Line, and Charlotte Pipe and Foundry, a 55.5-acre master-planned, multi-phase development.

“Our team is proud to announce the sale of Grinnell Water Works on behalf of Northridge Capital,” Olofson said. “The transactions market is facing ongoing headwinds, and this sale is a testament to investors’ steadfast demand for innovative office buildings in vibrant neighborhoods that deliver workspaces where talent can collaborate and thrive. This building provides substantial upside and value creation through mark-to-market rent growth and near-term rollover in a burgeoning micro market. We are excited to see the buyer’s transformation in this growing corridor.”

Stream Carolinas, under the direction of Executive Managing Director and Partner Daniel Farrar, continues to expand its footprint across North and South Carolina. The firm recently announced its move into the Greenville-Spartanburg industrial market as it looks to tap into that region’s growth. Leaders are also focused on expanding the office’s capital markets and advisory practices.

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Charlotte’s Chadbourn Mill Sells For $12.5 Million; Stream Realty Partners Represents Sellers https://streamrealty.com/charlottes-chadbourn-mill-sells-for-12-5-million-stream-realty-partners-represents-sellers/ Thu, 08 Jun 2023 16:40:22 +0000 http://streamrealty.com/?p=25499 Northpond Partners announces the expansion of its footprint in Charlotte with the purchase of Chadbourn, an adaptive reuse development in a historic 1930s textile mill located in Charlotte‘s booming Mill District. Northpond Partners closed on the $12.5 million property on June 5, 2023, purchasing the North Brevard Street property from FCP. White Point remains a […]

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Northpond Partners announces the expansion of its footprint in Charlotte with the purchase of Chadbourn, an adaptive reuse development in a historic 1930s textile mill located in Charlotte‘s booming Mill District. Northpond Partners closed on the $12.5 million property on June 5, 2023, purchasing the North Brevard Street property from FCP. White Point remains a partner on the development.

Stream Realty Partners Senior Associate Alex Olofson of Stream Realty Partners and Jared Londry of Point Blank Ventures served as brokers. 

“Similar to our other projects in Charlotte, The Alley at Latta Arcade and The Stuward,   Chadbourn is an opportunity to be a part of the revitalization of a historic property in a dynamic area,” says Sam Ankin, co-founder and managing principal of Northpond. “The Mill District is growing rapidly and we’re proud to add to the area’s resurgence by creating a lively atmosphere for the community to shop, dine and work.”

Northpond Partners hired Southwick architecture + interiors to maintain the historical integrity and character of the property while creating modern and inviting retail and dining spaces. They plan to reinvigorate Chadbourn with the addition of 7,000 square feet of patio space on either side of the building and a woonerf, a “living street” with room for pedestrians, cyclists, and cars. They also plan to install garage doors on the 18,000 square feet of ground-level retail spaces to create an indoor-outdoor flow, and add a lawn adjacent to the 2,100-square-foot retail structure that sits beneath the iconic Chadbourn smokestack.

“Chadbourn Mill is a high-profile, value-add redevelopment that offers the opportunity to yield a lasting impact on the community and this emerging area of Charlotte,” Olofson said. “We are grateful to have played a part in this transaction and look forward to seeing Northpond and White Point build on the momentum.”

The second floor of the main building will remain as the corporate headquarters for Ekos, the leading business management software developer for the beer, wine, and cider industries.

“We are glad to have found a like-minded partner in Northpond to continue refining our initial vision with Chadbourn and bring it into an exciting new phase,” says Erik Johnson, co-founder of White Point.

Construction is expected to be complete in 2024.

 

 

 

 

 

 

 

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Stream Realty Partners Assists In Sale Of 519,905-Square-Foot Industrial Park In Fort Worth, Texas https://streamrealty.com/stream-realty-partners-assists-in-sale-of-519905-square-foot-industrial-park-in-fort-worth-texas/ Tue, 29 Aug 2023 07:00:12 +0000 https://streamrealty.com/?p=26644 Stream Realty Partners brokered the sale of a 519,905-square-foot industrial park in Fort Worth to a San Diego-based industrial real estate acquisition, development, and asset management firm. Westcore purchased Railhead Business Station, a four-building campus at 401, 500, 600, and 800 Railhead Road, from a global real estate investment management firm. The project was fully […]

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Stream Realty Partners brokered the sale of a 519,905-square-foot industrial park in Fort Worth to a San Diego-based industrial real estate acquisition, development, and asset management firm.

Westcore purchased Railhead Business Station, a four-building campus at 401, 500, 600, and 800 Railhead Road, from a global real estate investment management firm. The project was fully leased to 11 tenants at the time of the sale. The price was undisclosed.

Stream, a national commercial real estate firm offering an integrated platform of services, represented the seller in the transaction. Seth Koschak and Matteson Hamilton, Executive Managing Directors and Partners of Stream’s Industrial Capital Markets group–along with Senior Vice President Forrest Cook, Vice President Jeff Rein, Senior Analyst Lee Belland III, Financial Analyst Trey Mahla, and Senior Production Coordinator Haili Rumsey–were involved in the sale. Westcore represented itself.

Railhead Business Station, in the highly coveted infill submarket of Meacham/Fossil Creek in North Fort Worth, is just a few miles north of the Central Business District. The multi-tenant buildings possess a roster of regional and national tenants. Additionally, the project provides immediate access to Interstates 820 and 35W and sits in an Enterprise Zone offering Triple Freeport Tax Abatements.

“The acquisition of Railhead Business Station presents Westcore with the opportunity to own and operate a first-class project with a quality tenant roster in one of the premier DFW submarkets,” Koschak said. “Given the high barrier to entry into this submarket, the project will be well-positioned for success due to the continued growth of Fort Worth and the overall DFW Metroplex for years to come.”

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Stream Utilizes Breadth Of Its Nationwide Footprint To Help Empire Holdings Sell Nine-Building Industrial Portfolio https://streamrealty.com/stream-utilizes-breadth-of-its-nationwide-footprint-to-help-empire-holdings-sell-nine-building-industrial-portfolio/ https://streamrealty.com/stream-utilizes-breadth-of-its-nationwide-footprint-to-help-empire-holdings-sell-nine-building-industrial-portfolio/#respond Thu, 20 Oct 2022 12:45:00 +0000 https://streamrealty.com/?p=22015 With assistance from Stream Realty Partners and Stan Johnson Company, Empire Holdings has sold a nine-building national industrial portfolio to Philadelphia-based Arden Group, a leading U.S. middle-market real estate fund manager. Arden Group purchased the approximately 350,000-square-foot, single-tenant portfolio that includes assets across five states. Ranging from 16,000 square feet to 150,000 square feet, the […]

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With assistance from Stream Realty Partners and Stan Johnson Company, Empire Holdings has sold a nine-building national industrial portfolio to Philadelphia-based Arden Group, a leading U.S. middle-market real estate fund manager.

Arden Group purchased the approximately 350,000-square-foot, single-tenant portfolio that includes assets across five states. Ranging from 16,000 square feet to 150,000 square feet, the properties are strategically located in major industrial markets with low building coverage and boast outside storage or excess land with opportunities for future growth or expansion.

Stream Executive Managing Director and Partner Seth Koschak and Vice President of the Fort Worth Industrial division Jeff Rein represented the seller in the transaction. The national real estate services, development, and investment company is headquartered in Texas, where five of the nine warehouses are located. In addition, Zach Harris and Jeff Hughes of Stan Johnson Company partnered with Stream to co-represent the seller in the transaction.

“After an extensive evaluation of the nation’s top brokerage teams to assist with this sales process, we selected Stream Realty and Stan Johnson Company as our trusted partners,” said Bowie Holland, president of Empire Holdings. “We were particularly impressed with their substantial due diligence on our portfolio and the innovative marketing strategies they brought to the table. We look forward to many more collaborations in the future.”

The deal included eight freestanding net-leased industrial buildings in the Texas markets of Dallas-Fort Worth, Houston, Austin, and San Antonio as well as Fort Lauderdale, Florida; Memphis, Tennessee; Atlanta, Georgia; and Tulsa, Oklahoma. A speculative industrial building in Houston that just completed construction also was part of the transaction.

“With the supply of available IOS properties becoming more limited, this portfolio represented a unique opportunity to acquire stabilized outside storage assets throughout strategic markets nationally,” Rein said. “Empire Holdings is an experienced operator, which is reflected throughout the portfolio with well-maintained buildings and above-standard finishes. We are excited to have identified a partner in Arden Group with their growing presence and focus within the IOS / ISF sector.”

Buildings in more than two-thirds of the portfolio were built between 1999 and now. All offer stable tenancy in their respective markets.

“This portfolio acquisition is part of our investment focus on Industrial Service Facilities (ISF), including industrial outdoor storage sites, truck terminals, trailer parking and last mile port facilities in core U.S. markets,” said Christian Vergilio, Director of Acquisitions for Arden Logistics Parks.

Arden recently formed a $1B Joint Venture specifically focused on acquiring ISFs, or low site coverage industrial assets, situated in dense, infill locations. “The Empire Portfolio is emblematic of the types of partnerships we are looking to form with users in the ISF space and we look forward to continuing the relationship with the team,” Vergilio noted.

Koschak, along with Executive Managing Director and Partner Matteson Hamilton, helped Stream expand its national platform in February 2022 by launching an Industrial Capital Markets division beginning in Texas. The service centralizes the investment sale process for transactions such as the Empire Holdings deal to create opportunity and value for the firm’s clients. The group specializes in investment sales and acquisitions, equity and fund placement, debt placement, and other services that provide real-time market data and trend analysis.

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