Stream Realty Irvine Closes 14 Leasing and Sales Deals

Stream Realty Partners’ Irvine office has closed 14 transactions valued at $7 million in the past several months. Lease and sublease deals have ranged from 1,100 square feet to 9,054 square feet for a total of 51,160 square feet. Six of those transactions involved companies that are new to Orange County.  

Jarret Stinger, an associate with Stream Southern California’s investment sales division, said the deals included the following:

• Representing Endurant Energy in three transactions to help them expand in the Inland Empire (an industrial warehouse), San Jose (an industrial warehouse), and Irvine (new headquarters office).
• Representing the owner of 32 Mauchly in Irvine in a lease that included Eurofins, an $11.6-billion company. The building is now available for sale as a leased investment, with Stinger serving as the broker.
• Representing a regionally renowned chiropractor in a relocation to a facility with an ocean view in San Clemente.
• Completing four deals that helped local trades (two HVAC professionals plus an electrician and plumber) expand operations within Orange County.
• Representing a multi-city medical group that purchased a fully leased medical facility.
• Helping a large, local nonprofit relocate to a submarket that more suits its current needs.

Many of these leases­–the companies involved asked not to be identified–were for shorter terms than usual, Stinger said. “Tenants are seeking and receiving one- or two-year leases rather than the three- to five-year deals that owners and landlords are typically used to,” he said.