Los Angeles, CA — Newmark has been appointed by Stream Realty Partners (“Stream”) to lease the fully entitled 101 Logistics Center, a 750,000-square-foot, four-building, Class A state-of-the-art industrial project located on Sakioka Drive in Oxnard, California.
Stream purchased the 41-acre site in June 2022.
Newmark Vice Chairman John DeGrinis, SIOR, Executive Managing Directors Patrick DuRoss, SIOR and Jeff Abraham, SIOR and Associate Director Javier Galvan are handling the leasing of the project.
“We are beyond excited about 101 Logistics Center becoming a reality,” said Scott Sowanick, Managing Director and Partner at Stream. “Our team has worked tirelessly on the opportunity, and, despite the economic fluctuations, the fundamental supply and demand has never been stronger than today.”
“101 Logistics Center is the first development of its scale in West Ventura County for more than twenty years,” added DuRoss. “The project provides a much-needed opportunity for companies to grow within the region, offering the real estate and amenities necessary to accommodate their needs.”
“The West Ventura County industrial submarket boasts 48 million square feet of inventory with little vacancy and no availability of Class A space above 100,000 square feet,” said DeGrinis. “This project caters to unprecedented demand and stands as a testament to meeting the needs of a dynamic market and propelling economic growth in the surrounding area.”
The buildings at 101 Logistics Center will range from approximately 110,000 to 308,000 square feet and provide tenants with a variety of leasing options, including the full four-building campus.
In terms of project features, the buildings will offer tenants 32- to 40-foot warehouse clear heights, substantial dock-high loading capability, 135’ to 185’ fully secured truck courts, robust power capacity, ESFR sprinklers, warehouse lighting, EV charging stations, a built-out ground floor and mezzanine office space.
The project will provide tenants with direct access to the 101 Freeway for convenient access to Ventura County, Santa Barbara County and Los Angeles County, as well as the Port of Hueneme. Amazon and Arctic Cold recently built facilities immediately adjacent to the project.
Stream, a national commercial real estate firm offering an integrated platform of services, has a rapidly growing presence in Southern California and will develop, asset manage and property
manage the new facilities. Stream’s Western Region Industrial Development Services team, comprised of Sowanick, Senior Director Nick Kreuter and Development Associate Andrew Warren, will lead the development of 101 Logistics Center on behalf of Stream.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of September 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world.
