DENVER (October 9, 2020) – Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce a new full-building lease at 14800 Grasslands Drive with Zynex, Inc. (Nasdaq: ZYXI), a leading provider of high-quality electrotherapy products. The 50,488-square-foot lease is one of the largest to transact in the Southeast industrial submarket year-to-date and is a testament to enduring tenant demand for quality industrial space. A joint venture between CWCapital and Kenai Capital Advisors purchased Compark Business Campus in Englewood, which includes the Grasslands building and two others on Upland Drive, in January of this year.
“We are pleased to add Zynex, Inc. to an already stellar tenant roster at our Compark properties. With the addition of Zynex, we return to full occupancy, just under one month after the prior tenant vacated the Grasslands property,” said Jules Sherwood of Kenai Capital Advisors. “We are very excited to see Zynex continue their success with Compark as a strategic addition to their operations.”
“With our recent acquisition of 14800 Grasslands Drive we were hyper focused on converting the strong industrial demand to obtain 100% occupancy. Executing one of the largest industrial deals this calendar year is a testament to the hard work, forward thinking, and strategic outlook of the whole team,” said Regina Lubin, CWCapital’s Chief Investment Officer. “We could not be happier in welcoming Zynex, Inc. to Compark Business Campus.”
Stream’s Tyler Reed SIOR, Peter Beugg SIOR, and Dominic DiOrio SIOR represented CWCapital and Kenai Capital Advisors in the transaction.
Reed, Managing Director of Industrial Services, said, “CWCapital and Kenai Capital Advisors identified an established demand for quality, value-add industrial space in their acquisition of Compark Business Campus. The Grasslands building’s Class A existing finish, heavy power, and standalone nature made it a competitive offering in the Southeast submarket and a perfect fit for Zynex.”