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| Santa Ana Commerce Center, a 160,000 SF project located on the corner of Santa Ana Avenue and Banana Avenue, Santa Ana, CA |
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| Scott Sowanick |
Stream’s Scott Sowanick, Steve Riordan and Cannon Green developed the project for Cabot Properties, a private equity real estate investment firm located in Boston.
“We couldn’t be happier that HiPacking Corp chose Santa Ana Commerce Center as its new home,” said Justin Harvey, Managing Director of Investments for Cabot Properties.
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| Steve Riordan |
“Our long-standing relationship with Stream and the
development team’s commitment to ensuring the entire process was smooth and
timely made a huge difference in the success of the project.”
Having achieved fully entitled status in the fourth quarter of 2019 and officially breaking ground in the first quarter of 2020, the project maintained its development schedule throughout the pandemic, reaching substantial completion in November.
The state-of-the-art facility offers
best-in-class features and provides ingress/egress optionality, efficiency, and
great proximity to I-10.
Even during the height of COVID-19, the project
drew interest from numerous user groups, with no slowdown in activity seen
within this highly coveted submarket.
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| Cannon Green |
“The Inland Empire industrial market continues to experience robust demand, even during these uncertain economic times,” said Scott Sowanick, Senior Director for Stream’s Industrial Development Services division.
“We’re thrilled to have partnered with Cabot on another successful development, and we greatly appreciate the market expertise that Josh [Hayes] and Tom [Taylor] provided since introducing us to the opportunity back in 2018.”
CBRE’s Josh Hayes
and Eloy Covarrubias, and Colliers International’s Tom Taylor and
Steve Bellitti were the leasing agents on the assignment.
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| Justin S. Harvey |
About Stream
Realty Partners
Stream is a commercial real estate firm with full-service offerings in leasing, property management, development, construction management, and investment sales services across the industry.
In addition, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients.
Since 1996, Stream has grown to a staff of more
than 920 real estate professionals with regional offices in Atlanta, Austin,
Charlotte, Chicago, Dallas, Denver, Fort Worth, Greater Los Angeles, Houston,
San Antonio, San Diego, and Washington, D.C.
Stream completes more than $3.6 billion in real
estate transactions annually and is an active investor and developer across the
nation. Visit www.streamrealty.com.
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| Josh Hayes |
About Cabot
Properties
Cabot Properties is an
international private equity real estate investment firm exclusively focused on
industrial properties.
Formed in 1986, the firm is a leading investor,
developer and operator of industrial properties throughout North America, the
United Kingdom and Europe.
Cabot is focused on producing attractive investment returns by targeting industrial buildings that serve major populations and modern logistics tenants.
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| Eloy Covarrubias |
Cabot has invested over $10 billion in industrial real estate, managing and operating nearly 3,900 tenants in over 1,400 buildings totaling approximately 190 million square feet.
Cabot is
headquartered in Boston with affiliated offices in London, Sydney, Dallas and
Chicago.
CONTACT
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
Member, National Association of Real Estate Editors (NAREE)