As Director of Property Management, Spearman will focus on delivering best-in-class service to tenants and clients while supporting Stream’s growing office property management platform. Her extensive experience in strategic operations and fostering workplace culture makes her a valuable asset to Stream’s Chicago team. 

“Heather’s expertise in managing complex portfolios and her proven leadership of property management teams will be instrumental as we continue to enhance our offerings in Chicago and beyond,” said Adam Showalter, Managing Director of National Office Investor Services at Stream. “We are excited for Heather to bring creative and strategic solutions that align with Stream’s mission to deliver value and elevate the tenant and client experience.” 

Spearman joins Stream from JLL, where she most recently served as Managing Director overseeing national property management portfolios. In this role, she successfully led the transition of more than 50 existing assets under management, implemented innovative operational strategies, and facilitated their partner’s expansion into seven new markets in the first year. Preceding this role, Spearman was charged with ensuring the delivery of consistent, high-quality operations of nearly 200 million square feet of office and industrial assets across six states. With over two decades of experience in property and facilities management, Spearman has built a reputation for operational excellence and tenant-focused service.  

“Heather’s deep knowledge of property operations, combined with her passion for developing talent and building strong client relationships, aligns perfectly with Stream’s commitment to delivering exceptional property management services,” said Victoria Knudson, Leader of Property Management and Partner at Stream. “We are thrilled to have her join our team and look forward to the impact she will make in Chicago.” 

“Joining Stream Realty Partners presents an incredible opportunity to bring innovative solutions to the Chicago market while collaborating with a dynamic and forward-thinking team,” said Spearman. “I am excited to contribute to Stream’s property management platform and deliver exceptional value to our tenants and clients.” 

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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This premier 12-story building totals 174,599 square feet and features a virtually column-free, 15,000-square-foot floorplate with floor-to-ceiling glass providing abundant natural light and unencumbered views. While delivering exceptional office space tailored to meet the needs of modern businesses, the property also boasts touchless elevators and a range of top-tier amenities, including an outdoor landscaped rooftop terrace with a dog run, a thoughtfully designed tenant lounge with conferencing capabilities, a fitness club, and secure on-site bike storage. The building is Fitwel certified, underscoring its commitment to occupant health and wellness.  

In spring 2025, the building will welcome Electric Shuffle, a lively restaurant and bar offering delicious food, craft cocktails, and high-tech shuffleboard games. The new amenity will enhance the building tenant experience and the vibrancy of River North, much like it has at its other locations in New York, Austin, Dallas, London, Leeds, and Manchester.  

448 N. LaSalle Drive offers a tremendous opportunity for tenants seeking immediate occupancy of 5,000 to 15,000 rentable square feet (RSF). The building will deliver two floors of furnished spec suites this spring. The 7th floor will consist of two move-in ready furnished spec suites ranging in size from 5,000 to 10,000 RSF. A movable demising wall will allow tenants to customize their size needs seamlessly. In addition, a 15,000 RSF furnished spec suite with high-end finishes will be delivered on the 4th floor. At 15,000 RSF, the 4th floor occupant will benefit from the exclusivity of being a full-floor tenant. 

Located in a vibrant, 24/7 mixed-use neighborhood, 448 N. LaSalle Drive is surrounded by hotels, numerous restaurants, and entertainment venues. The property boasts phenomenal access to the expressways and numerous public transportation options within a four-block radius, including the CTA “L” Merchandise Mart Brown Line and Grand Red Line stations, multiple CTA bus stop routes, the Kennedy Expressway (Interstate 90 and Interstate 94) and the Eisenhower Expressway (Interstate 290), as well as abundant parking options. 

“This is an extraordinary opportunity for businesses to establish themselves in one of Chicago’s most dynamic submarkets,” said Mark Gunderson, Executive Vice President at Stream. “448 N. LaSalle offers tenants the perfect combination of modern office features, unmatched amenities, and an ideal location that supports productivity and collaboration.” 

Stream Vice President Erica Marshall, Executive Managing Director & Partner Patrick Russo, and Gunderson handle leasing for the property. Midwest Property Group Ltd, represented by Charlie Javors, oversees property management for the building. Midwest Property Group is a property development and management firm specializing in commercial properties in the Midwest and West with headquarters in Chicago.  

National Real Estate Advisors, LLC, represented by Jeff Kanne, Kevin Verdi, and Robert Kelly, is the building owner based out of Washington, D.C. Established in 2010, National Real Estate Advisors has a gross asset value of $8.2 billion and an operating portfolio totaling 16 million square feet, consisting of multifamily, data centers, office, healthcare, and medical buildings.  

For more information, contact Stream Chicago at 312.900.0338.  

About National Real Estate Advisors 

National Real Estate Advisors, LLC (“National”) is an investment manager developing, operating, and managing commercial real estate projects across the United States.  

National’s mission is to create lasting value through projects that produce solid, long-term returns for our clients while improving the communities in which we invest and develop. Since 2000, National’s investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration. 

National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com. 

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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Situated just minutes from O’Hare International Airport, the CTA Blue Line, Metra, and thoroughfares, including Interstates 90 and 294, 6300 River Road provides tenants with unparalleled accessibility and connectivity. Positioned within Rosemont’s bustling entertainment district, the property is surrounded by premier dining and retail options, making it an exceptional choice for businesses seeking both convenience and a vibrant, amenity-rich environment. 

Under the ownership of Farpoint Development and Greco/DeRosa Investments, 6300 River Road has undergone a significant modernization, seamlessly blending cutting-edge amenities with a prime suburban location near downtown Chicago. Tenants enjoy impressive features, including a Zen garden, golf simulator, fitness center, and state-of-the-art conference facilities. The property also offers an on-site café and bar, inviting lounge areas, a freshly revitalized lobby, and approximately 412 parking spaces, ensuring convenience for tenants and visitors alike. 

The management team is led by Stream Vice President of Office Property Management Gannon O’Brien, alongside Property Manager Katie Richardson and Chief Engineer Danny Funda whose expertise ensures exceptional tenant experiences. Key contributions from Stream’s Vice President, Director of Research Michael Morrone, Leader of Property Management & Partner Victoria Knudson, and Executive Managing Director & Partner Patrick Russo have been integral to securing this assignment and positioning the property for long-term success.  

“Managing a Class A office space is about more than just maintaining high standards—it’s about creating an environment where excellence thrives, tenants feel valued, and businesses can flourish,” said Richardson. “By collaborating with tenants, we strive to create the best possible working environment where their employees feel supported, inspired, and empowered to succeed every day.” 

Colliers International’s Jonathon Connor and Jason Simon serve as the leasing agents for the building.  

For more information, contact Stream Chicago at 312.900.0338.  

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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“We are thrilled to partner with Brookfield Properties on this assignment,” said Victoria Knudson, Leader of Industrial Property Management & Partner at Stream. “Our team is dedicated to delivering exceptional property management services that will drive value for our client, and we look forward to making a positive impact across this impressive industrial portfolio.”  

Stream Vice President of Industrial Property Management Jessica Salinas, Vice President of Construction Frank Cassata, Property Administrator Coleen Martin, and Victoria Knudson will provide property management services for the portfolio.  

Stream Chicago’s industrial property management portfolio boasts 16 million square feet. For more information, contact Stream Chicago at 708.667.8800. 

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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151 N. Franklin is a 35-floor, 807,355-square-foot Class A office building known for its modern design and comprehensive array of amenities, including a rooftop sky garden, a second-floor terrace, an on-site restaurant and café, a fitness center, and a conference center that can seat up to 200 professionals.  

Meanwhile, 155 N. Wacker stands out as a 46-floor, 1,152,953-square-foot trophy office building that offers tenants a state-of-the-art fitness center, a building conference center, and several onsite restaurants, making it one of the most sought-after locations in the area.  

“We are thrilled to partner with our client on these landmark properties,” said Patrick Russo, Executive Managing Director & Partner at Stream. “Our team is committed to enhancing the tenant experience and driving optimal performance for these assets in one of Chicago’s most dynamic office submarkets.”  

Stream National Leader of Property Management & Partner Victoria Knudson added, “Our longstanding relationship with our client, both nationally and locally, has been built on trust and proven results. We look forward to continuing this partnership and bringing our expertise to these iconic buildings in Chicago’s West Loop.”  

Stream Director of Office Property Management Brian Keaty and Victoria Knudson will head up the property management efforts. In addition to Russo, Stream Managing Director Mark Bâby and Executive Vice President Andrea Saewitz will oversee the leasing of the properties, and Vice President of Construction Frank Cassata will manage any capital improvements and tenant buildouts.  

The addition of these properties brings Stream Chicago’s leasing portfolio to 25 million square feet and its management portfolio to 16 million square feet, reflecting the firm’s continued growth in the market.  

For more information, contact Stream Chicago at 708.667.8800.  

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 Awarded Leasing and Management of Two Prominent Office Buildings in Chicago’s West Loop appeared first on Stream Realty Partners.

Situated in the vibrant submarkets of Bucktown and Lincoln Park, these premier retail properties span 75,414 square feet across 16 storefronts. The portfolio’s addresses include 1929, 1931, 1937, 1941, 1947, 1954, 1962 N. Halsted, as well as 1611-1617, 1627-1633, and 1727-1731 N Damen Avenue.  

Owned by retail real estate investment firm Asana Partners, the collection features an impressive lineup of top-tier brands such as Lululemon, Warby Parker, Bluemercury, Lush Cosmetics, Barry’s Bootcamp, and popular concepts from the renowned Lettuce Entertain You restaurant group, including the California-inspired Summer House Santa Monica and neighborhood noodle joint RAMEN-SAN.  

“We are thrilled to expand our footprint in Chicago with such a prestigious portfolio,” said Victoria Knudson, Leader of Industrial Property Management and Partner at Stream. “We are grateful for our continued partnership with Asana Partners and look forward to managing these premier assets as we continue to grow our platform nationwide.”  

Stream Managing Director of National Office Investor Services Adam Showalter, Victoria Knudson, Vice President of Office Property Management Gannon O’Brien, and Assistant Property Manager Carissa Choy will oversee the management of this portfolio. 

For more information, contact Stream Chicago at 708.667.8800.  

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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The properties are strategically located in key submarkets, ensuring robust market presence and high tenant demand. The assets include Asbury Drive, a 157,500-square-foot building located at 850 Asbury Drive in Buffalo Grove in the Lake County submarket; Rockwell Logistics Center, a 174,262-square-foot building located at 2545 W. 24th Street in Chicago in the City South submarket; and Mokena Logistics I and II, 268,226 square feet across two buildings located at 8965 and 8905 W. 187th Street in Mokena in the Joliet submarket. The portfolio is fully leased to seven tenants. 

Stream Executive Managing Director and Partner Patrick Russo, Portfolio Manager Mustafa Ali, and Associate Ben Harrison facilitated the acquisition. CBRE’s Capital Markets Advisors, which include Ryan Bain, Michael Caprile, Zach Graham, Judd Welliver, Bentley Smith, Joe Horrigan, and Victoria Gomez, along with local brokers Whit Heitman, Sam Badger, Larry Goldwasser, and Terry Grapenthin.  

“This acquisition offers substantial opportunities for value creation through strategic leasing and rent growth,” said Ali. “We are excited to continue expanding our footprint in the Chicago market and to deliver exceptional value to our investors.”

On the heels of Stream’s recent purchase of the Halsted Pershing Business Center in Chicago’s Stockyards submarket, the portfolio was acquired and overseen by Stream’s Investment Management team, which leverages expertise from Stream’s 16 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream currently manages a portfolio of 41 investments, totaling 23.2 million square feet and approximately $2 billion of equity, across five commingled funds, several joint venture vehicles, and wholly-owned assets. 

For more information, contact Stream Chicago at 312.801.9396.

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 Expands Chicago Footprint with Acquisition of 600,000 SF Industrial Portfolio appeared first on Stream Realty Partners.

401 North Michigan Avenue is situated in the North Michigan Avenue submarket, one of the most dynamic mixed-use environments in the country. This prime location offers ADA employees a vibrant neighborhood rich with shopping, restaurants, and hotels and proximity to world-renowned hospitals. The building itself boasts breathtaking views of the Chicago River and Lake Michigan. It offers tenants premier amenities, including 401’s outdoor Work Park, direct access to University of Chicago Gleacher Center conferencing facilities, a tenant lounge and conference center, Pine Street Kitchen, a 7,500-square-foot professionally managed fitness center, and indoor valet parking. 

ADA’s move comes after spending 60 years at their previous headquarters at 211 East Chicago, which was sold to Lurie Children’s Hospital.  

“We are thrilled to welcome ADA to 401 North Michigan Avenue,” said Erica Marshall, Vice President at Stream. “This move underscores the building’s status as a premier location for prominent organizations seeking a vibrant and inspiring work environment.”  

“The ADA is thrilled to be relocating to 401 North Michigan Avenue,” said ADA Executive Director Raymond Cohlmia, D.D.S. “This move allows us to remain in the heart of Chicago on the Mag Mile, and we are excited about the enhanced opportunities and amenities this new location offers our employees and our mission.” 

The transaction was facilitated by a joint-venture leasing team led by Marshall and Zeller’s Howard Meyer, who represented Walton Street Capital’s building ownership. Jeff Liljeberg and Jamie Fink of JLL represented ADA. 

For more information, contact Stream Chicago at 708.667.8800.  

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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The Halsted Pershing Business Center is 100% leased to three tenants with an average of four years of term remaining, ensuring stable, long-term occupancy. Additionally, the property features a recently renewed 6b tax classification, enhancing its appeal and value in the competitive Chicago industrial market. 

Stream Executive Managing Director & Partner Patrick Russo, Portfolio Manager Mustafa Ali, and Associate Ben Harrison facilitated the acquisition. JLL’s Capital Markets team, which included Ed Halaburt, Sean Devaney, John Huguenard, Kurt Sarbaugh, Will McCormack, and local market expert Michael Conway, represented the seller.  

“Acquiring the Halsted Pershing Business Center is a significant step for Stream as we expand our industrial portfolio and service business in Chicago and the Midwest,” said Russo. “This property exemplifies our commitment to investing in high-quality, strategically located industrial assets that provide long-term value.”  

“The acquisition is a play on the tight supply and demand fundamentals in South Chicago, especially on the small tenant side,” said Ali. “The Stockyards submarket has become one of the most concentrated areas of new tenant demand for cold storage and food users in Chicago.” 

Halsted Pershing Business Center was acquired and overseen by Stream’s Investment Management team, which leverages expertise from Stream’s 16 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream currently manages a portfolio of 41 investments, totaling 23.2 million square feet and approximately $2 billion of equity, across five commingled funds, several joint venture vehicles, and wholly-owned assets. 

For more information, contact Stream Chicago at 312.801.9396.  

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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 “Adam’s experience customizing creative and comprehensive strategies along with his superior local market intelligence, makes him an ideal fit to lead our service line of business in Chicago,” said Mike McVean, co-founder and co-managing partner of Stream Realty Partners. “As Stream’s footprint continues to grow, Adam will play an integral role supporting our incredible team there and expanding our presence not only in Chicago but throughout the Midwest.”

Initially, Showalter will focus primarily on building Stream’s presence within the greater Chicago market, while helping to source, win and execute the company’s service lines of business. In addition, some of his other responsibilities include uncovering and executing acquisition and development opportunities.

“We are both proud and inspired by the positive momentum underway here in the Chicagoland area and additions like Adam continue to support the growth trajectory the team is on,” said Patrick Russo, managing director for Stream Realty Partners. “Adam’s tremendous expertise is distinctive and will reinforce our leadership acumen moving forward.”

Prior to joining Stream, Showalter spent six years at Cushman & Wakefield and 7 years at CBRE where he assisted in redeveloping, marketing and leasing office buildings in the Chicagoland area as the Senior Director of the Chicago Agency Leasing Team. Over the past thirteen years, Showalter has closed over 700 transactions, accounting for over six million square feet with total consideration over $1 billion.

“Stream’s leadership team and entrepreneurial spirit are second to none and a large part of what influenced my decision to join the team,” said Showalter. “I look forward to immediately contributing to Stream’s unique culture while delivering innovative, results driven partnerships throughout the Midwest.”

Click here to connect with Adam

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