DENVER (October 6, 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.”
About Stream Realty Partners
Stream is a commercial real estate firm with full-service offerings in leasing, property management, development, construction management, and investment sales services across the industry. In addition, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, Stream has grown to a staff of more than 920 real estate professionals with regional offices in Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Fort Worth, Greater Los Angeles, Houston, San Antonio, San Diego, and Washington, D.C. Stream completes more than $3.6 billion in real estate transactions annually. Visit www.streamrealty.com.
About CWCapital
Founded in 2013, CWCapital’s dedicated investment team, Galaxy Investment Group (“GIG”), provides a hands-on approach to investment management that has proven critical in identifying and executing effective value-add initiatives. GIG focuses on value-add and opportunistic transactions in the multifamily, office, retail, industrial and hotel sectors. Drawing on deep expertise in Commercial Real Estate, GIG has successfully acquired over $1 billion of distressed loans and properties across the U.S. and Grand Cayman.
About Kenai Capital Advisors
Kenai Capital Advisors (pronounced “Keen-Eye”) is an owner and operator of Industrial, Office, and Retail real estate properties. Based in Colorado, Kenai invests with their strategic partners in value-add, core plus, and generational assets across the mountain west. Leveraging their experience gained over $1.5 billion of transactions and 20 million square feet of managed property, Kenai strives to make every property decision with the clear goal of maximizing investor’s returns. Visit www.kenaicap.com.
