California + Inland Empire + Industrial | May 19, 2022

Stream Realty Partners developed Alder Commerce Center in Bloomington, CA before selling it to BentallGreenOak

Stream Trades Bloomington Warehouse to BentallGreenOak

Stream Realty Partners has sold Alder Commerce Center, a 174,780-square-foot warehouse it developed and managed, to BentallGreenOak on behalf of an institutional investor for an undisclosed sum. Stream acquired the 8.72-acre-72 site near I-10 at 10380 Alder Ave. in Bloomington in 2019 and hired Colliers’ Mike Kendall to market the property upon its completion last October..

“Alder Commerce Center is a great example of being able to leverage Stream’s fully integrated platform— development, construction management, investment management, and property management—to deliver successful opportunities for our clients and partners,” said Scott Sowanick, managing director for Stream’s Industrial Development Services Western Division.

Sowanick continued, “Alder is also a great illustration of the integral role that local relationships have across our business and the critical role that those local partnerships will play in the continued expansion of our industrial development business in Southern California.”

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Inside The Story

Stream Realty's SowanickColliers' Kendall

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).