TAMPA – October 24, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the successful negotiation of an 86,350-square-foot lease on behalf of Monin, a premier gourmet syrup and flavor innovation company. Expanding into a brand-new Class A warehousing and distribution facility at 9411 Belcher Road N in the highly competitive Pinellas County market represents a strategic move for the growing company.
The Pinellas market, which continues to experience unprecedented demand and record-low vacancy rates, is one of the most sought-after industrial markets in Florida. With minimal new construction deliveries, securing this Class A facility is a significant achievement for Monin’s ongoing growth plans. The newly constructed building, which delivered in 2024, will serve as a crucial component of Monin’s supply chain, supporting the company’s growth across North America.
Monin Americas, headquartered in Clearwater, Florida, has a significant presence in Pinellas County and operations across the region. The new facility will serve as additional capacity for storage and distribution. Monin is expected to occupy the new space by the first quarter of 2025, and this expansion will play a key role in the company’s continued success.
“We have had the privilege of working with Monin across the country, and this expansion is a testament to our strong partnership,” said Stream Executive Managing Director Gary Godsey. “Given Monin’s expansion in Pinellas County and the current market dynamics, securing this space is a big win for all parties. We’re fortunate and grateful to align with a brand like Monin and continue supporting their growth.”
Gary Godsey and the Stream National Program Management team, including Vice Presidents Tom Porter and JJ Jones, represented Monin in the transaction. Bruce Vaughan, President of Vaughan Commercial Advisors, represented the building owner, CMNY Transitions LLC.
“This new facility allows us to expand our ability to warehouse and distribute more product, ensuring we meet the growing needs of our customers,” said Greg Grabau, Chief Financial Officer of Monin Americas. “Our drive to innovate and grow continues, and this expansion not only helps us serve our clients better but will also create new jobs and opportunities in the community.”
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
