Fontana: 160,000-square-foot Project Announced
Fontana, Calif. – Stream Realty Partners (Stream) – a national real estate development, services and investment firm, is pleased to announce its first industrial project in the Inland Empire (I.E.).
Stream will develop a 160,000-square-foot property for Cabot Properties, a private equity real estate investment firm located in Boston, that recently closed on more than 7.5 acres in Fontana.
“We’re pleased to complete the purchase of the land assemblage and move onto the entitlement phase,” said Justin Harvey, senior vice president of investments for Cabot Properties. “This will be a high-quality property with excellent access and best-in-class features. There is a lot of demand in the market for this product type and we believe it will be an attractive option for a wide-range of occupiers.”
The development is located within Fontana’s Southwest Industrial Park (SWIP) just two blocks south of Interstate 10 at the corner of Santa Ana Avenue and Banana Avenue. Once complete, the facility will provide users with ingress/egress optionality, efficiency, functionality, and a prime geographic location within the I.E. West.
“Expanding our industrial development platform into the Inland Empire is a high priority of Stream’s,” said J. Cannon Green, managing director and partner for Stream’s industrial team. “Our approach to entering this market has been intentionally patient, methodical, and focused on finding the right initial opportunity. We could not be more excited to see this first project come to fruition in Fontana, and we look forward to developing in the I.E. for many years to come.”
Josh Hayes of CBRE and Tom Taylor of Colliers International will oversee the leasing of the project. Albert Jarrell and Steve Riordan of Stream’s Construction Division will supervise construction. Additional partners include RGA, Office of Architectural Design, Inc., Thienes Engineering, Inc., and LDC Industrial Realty, LLC.
About Cabot Properties
Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $8.9 billion in industrial real estate, managing and operating approximately 3,750 tenants in more than 175 million square feet.
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 750 real estate professionals with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, San Antonio, San Diego and Washington, D.C. Stream completes more than $2.9 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.