IRVINE, CA--(Marketwired - Apr 24, 2014) - Stream Realty Partners, LP was awarded more than 1 million square feet of leasing and management responsibilities of both office and industrial space during the first quarter of 2014. The firm's growth is attributed to the addition of properties owned by PS Business Parks and Liberty Property Trust to its portfolio.
PS Business Parks, the commercial real estate branch of Public Storage, awarded the firm exclusive leasing responsibilities of the Orange County Business Center, a 440,000-square-foot five-building office campus located on Dyer Road at the CA-55 in Santa Ana, Calif. Liberty Property Trust named Stream Realty to manage its Liberty Logistics Center, a 522,772-square-foot single-tenant distribution center in Moreno Valley, Calif. Last month, Stream Realty was selected to lease and manage the 72,900-square-foot Saddleback Financial Center located in Laguna Hills, Calif.
"Over the past 18 months, we've had tremendous success in growing our Southern California portfolio," said Colby Annett, co-managing partner of Stream Realty. "With the economy on the rise, we expect continued growth and new assignments across multiple property types."
The Orange County Business Center is a Class B lifestyle office campus that is currently 87 percent leased. Ownership has begun an extensive renovation to the outdoor areas which include: lush landscaping, ATP-regulation sand volleyball court, teak outdoor furniture and luxury umbrellas, free Wi-Fi, stainless steel BBQ grills, and PGA-inspired putting green. In addition, construction has begun on the largest vacancy at OCBC, a 26,057-square-foot suite located on the second floor of the 1251 East Dyer building, overlooking the sand volleyball court and luxury seating. This creative inspired suite includes 30 private offices, a dramatic reception area, two glass conference rooms and open collaborative space throughout.
The Liberty Logistics Park, located at 22750 Cactus Avenue in Moreno Valley, Calif., is currently available for lease. It is adjacent to the I-215 freeway, nearby to the CA-91 and CA-60 freeways. The distribution facility features 113 trailer spaces and 32-foot-clear ceilings. The addition of this property grows Stream Realty's management portfolio to more than 1.72 million square feet in Southern California since March 2013.
Stream Realty also recently announced the leasing and management assignment of Saddleback Financial Center, situated in the heart of Laguna Hills adjacent to the Laguna Hills Mall area that is expecting extensive renovations in the near 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 more than 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