Stream Realty Partners Strengthens Southern California Presence With
Significant Gains; Builds Momentum for Continued Expansion in 2014
Firm Closes 2013 With More Than 50 Percent Year-Over-Year Growth
IRVINE, CA -- (Marketwired) -- 01/14/14 -- Stream Realty Partners
announces tremendous growth in 2013 with 1.56 million square feet of
leasing and management wins of retail, office and industrial
properties throughout Southern California. To account for the 52
percent year-over-year increase in responsibilities awarded through
these new assignments, Stream Realty increased the number of
employees, including the recruitment of two new vice presidents.
Stream Realty forecasts continued expansion in 2014 through its
consultative approach to maximizing occupancy rates at each property.
"The past year has been extremely successful for our firm," said
Colby Annett, co-managing partner of Stream Realty. "In a highly
concentrated market, 2013 proved that our strategic approach to
leasing and management of commercial properties provides a level of
service that is appealing to tenants, owners and investors."
In 2013, Stream Realty was awarded leasing and management
responsibilities of 18 retail, office and industrial properties,
-- 2040 Main: Owned by 2040 Main, LLC, Stream Realty won leasing and
rebranding responsibilities of this 307,559 square-foot Class A office
building located in the OC Airport Submarket.
-- Anaheim Corporate Plaza: Seligman Western Enterprises, LTD., owner of
this five-building campus in central Orange County, assigned Stream
Realty leasing and rebranding responsibilities for the 300,158
square-foot complex. Seligman is currently planning capital
improvements to begin in the first quarter of 2014.
-- Avalon West Hollywood: Stream Realty won leasing assignments to the
38,000 square-foot mixed-use development in the heart of West
Hollywood at 7300-7308 Santa Monica Blvd. The property has more than
32,000 square feet dedicated to retail space. Completion of the
property is scheduled for early 2016.
-- Fountain Plaza: Stream Realty was assigned leasing responsibilities of
this 54,677 square-foot office space located in Irvine, Calif., which
is currently 69 percent leased.
-- Liberty Property Trust Portfolio: Owner of more than 170 industrial
properties throughout the United States and United Kingdom, Liberty
selected Stream Realty to manage all seven California properties
totaling 670,978 square feet.
-- Newport Plaza: Recently purchased by Goldman Sachs, both leasing and
management responsibilities of this 107,472 square-foot Class A office
complex were awarded to Stream Realty.
-- Von Karman Tech: Stream Realty, previously leasing the building, won
management and rebranding responsibilities of this property in 2013.
HighBrook Investment Management, LP purchased the property at the
beginning of year and invested more than $1.5 million in improvements.
VKT is a 100,892 square-foot building in Irvine, Calif. and has seen
nearly a 20 percent increase in occupancy rates in 2013.
-- Westgate Pasadena: Equity Residential assigned Stream Realty retail
space leasing responsibilities of Phase 2 and Phase 3 at this
mixed-use development spanning 12 acres in downtown Pasadena, Calif.
To supplement the responsibilities awarded, Stream Realty grew its
Southern California team, including the recruitment of two vice
presidents. 2013 was the third consecutive year that Stream Realty
Partners was named to the Orange County Business Journal's "Best
Places to Work" list and the firm expects to continue hiring in 2014.
"With our growing business operations, we recruited new talent that
would provide the best services to our clients," said Blaine Annett,
co-managing partner. "Our unique company culture attracts brilliant
real estate professionals and we have added nearly 100 new team
In 2014, Stream Realty anticipates continued expansion and awarded
assignments through its consultative approach to leasing and
management of Southern California commercial real estate properties,
while building greater partnerships with existing and future
ABOUT STREAM REALTY PARTNERS:
Stream Realty Partners, L.P. is a
full-service real estate investment, development and services
company. Since its formation in 1996, Stream Realty has grown from
its two original partners to a staff of over 450 real estate
professionals nationwide with office locations in Washington, DC;
Atlanta; Austin, Texas; Charlotte, N.C.; Dallas/Ft. Worth; Denver;
Houston; Los Angeles; Orange County, Calif., and San Antonio. Stream
Realty leases and/or manages more than 4.56 million square feet of
space in Southern California and more than 100 million square feet of
commercial buildings in the nation; completes over $1 billion in real
estate transactions annually; and is considered one of the most
active investors and developers in the Southwest. Stream Realty
creates a distinct culture that is best summarized by its company
values: Nice. Smart. Honest. Passionate. www.streamrealty.com
Nicole Inal | Brian Devenny
714.263.8731 | 714.263.8748
firstname.lastname@example.org | email@example.com
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