An industrial development real estate expert who started at Stream Realty Partners’ Dallas office as an intern in 2015 and rapidly accelerated his career since has been promoted to Managing Director of its Industrial Development Services division.
Scott Sowanick will move from Dallas to Southern California next month to cultivate and expand the firm’s booming Greater Los Angeles industrial portfolio that he has helped build, from the ground up, over the last few years. The national real estate services, development, and investment company furthered its investment in that market in 2019 after recruiting Executive Managing Director and Partner Martin Pupil to focus on developing client relationships and a strong sales team. Pupil, Sowanick, and Executive Managing Director and Partner Cannon Green have since worked together to activate six SoCal industrial projects totaling over 1.8 million square feet along with an additional 2.0 million square feet in the pipeline.
“We’ve exceeded our expectations in terms of duration and diversity of product when it comes to the rollout of our Southern California development platform,” Sowanick said. “So now it’s time to take it to the next level with this move. Greater Los Angeles is the nation’s biggest industrial market, and we want to be there for a very long time. With an expanded local presence, our team will be incredibly positioned to further capitalize on the growing demand for quality industrial developments throughout the region.”
Sowanick’s relocation will allow him to continue expanding and deepening relationships within the local brokerage community. His local presence will also enable him to collaborate with and manage recent hires Russell Fenton and Michael Gregg, recruit new talent in the market, and bring continuity to the California and Texas platforms by strengthening communications and connections between the leadership teams.
Green said he looks forward to seeing how Sowanick will drive the company’s overall SoCal growth strategy for properties and personnel. That could include expansion into Phoenix and other West Coast markets in the future.
“As Stream’s Industrial Development Services bolsters its business under Scott’s leadership in California, there will be more opportunities for brokers to lease or sell those warehouses, strengthening our overall platform and footprint in Southern California,” Green said. “It’s a win-win for all of us. But I can say with certainty that I will miss Scott’s high energy and partnership in the Dallas office.”
Sowanick has deep ties within the company and currently sits on its Women of Stream subcommittee, which focuses on addressing gender diversity, inclusion, mentorship, and recruitment and retention efforts for women. He will continue to play a key role with that group and said he hopes to inspire others to contribute to the distinct culture that makes Stream the leader in commercial real estate that it is.
“As a former college student-athlete, I understand the value created when a team is physically working together on a daily basis,” Sowanick said. “When we’re a unit, feeding off each other’s experiences and leveraging one another’s diverse backgrounds, we inherently become a stronger team. That’s what I aspire to do with this move–make Stream Greater Los Angeles and Stream Realty Partners a much more dynamic group.”