Situation
- Stream was hired by TerraCap Management in January of 2021 to lease a ~90,000 square foot, two-building, office portfolio that was 41% vacant at the time of taking over the assignment.
- The 20,000-square-foot vacancy at Forest Park II had been unoccupied for over six years prior Stream taking over the leasing assignment, having been through two different leasing companies.
- Ownership had an investment strategy that included the building to be sold prior the end of the year, making immediate leasing success a top priority.