Cabot Properties’ Santa Ana Commerce Center Completed in November
INLAND EMPIRE, CA (December 10, 2020) – Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce that Santa Ana Commerce Center, its 160,000-square-foot speculative industrial development located in Fontana on the corner of Santa Ana Avenue and Banana Avenue, has delivered preleased to HiPacking Corp. 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. “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.
“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.