Stream Realty to Manage 1.6 MSF Portfolio in SoCal
- Jul 19, 2018
Cabot Properties has selected Stream Realty Partners to manage approximately 1.6 million square feet of its industrial portfolio in California’s the Inland Empire. The seven warehouses involved in the agreement are spread across Fontana, Riverside and San Bernardino. The buildings in the portfolio are home to seven tenants including UPS, Haier America, Colorbӧk, Ricoh and Eaton.
The largest of Cabot’s Southern California assets, the 486,000-square-foot Meridian Logistics Center in Riverside, is LEED certified to the Silver level. The cross-dock building opened its doors in 2016, according to Yardi Matrix. The structure contains 85 dock-high and four grade-level loading doors, 185-foot fenced truck courts and 6,200 square feet of office space.
Another of the properties, Valley View Distribution Center in San Bernardino, opened in March this year, per Yardi Matrix data. The 154,560-square-foot warehouse is situated 3 miles from the intersection of interstates 10 and 215. The rear-load building features 30 loading docks along with two drive-in doors, a secured 189-foot truck court, sky lights and 50- by 60-foot speed bays.
“Managing these seven buildings provides Stream the opportunity to grow our relationship with Cabot Properties as we increase our presence with them nationwide,” said Victoria Knudson, executive vice president of Stream, in a prepared statement. Knudson, along with Stream’s Allison Bush and Ana Arguera, will oversee the firm’s management operations for the portfolio.
Earlier this year, Cabot and Stream began working together on a 160,000-square-foot development in Frisco, Texas.
Image courtesy of Stream Realty Partners