Stream Realty OK’d for Warehouse in Cudahy

Stream Realty Partners has been approved to build a 100,000-square-foot speculative warehouse in Cudahy.

The Dallas-based developer secured entitlements from Gateway City to build the two-story industrial building at 4900 Cecilia Street, L.A. Business First reported. It will replace a midcentury manufacturing building.

Plans for the warehouse, dubbed Central LA Commerce Center, call for a LEED-certified warehouse with 5,000 square feet of speculative two-story offices, a secured truck court and enough power to meet the needs of light industrial tenants.

The facility will have 36-foot clear heights, 11 dock-high doors, two drive-in doors and independent entrances and exit for cars and trucks.

The project, near the 105 and 710 freeways, provides a straight shot to the ports of Los Angeles and Long Beach. It’s also Stream Realty’s eighth industrial development in Southern California.

To find a tenant for Central LA Commerce Center, Stream’s industrial development team of Nick Kreuter, Andrew Warren and Scott Sowanick will work closely with the firm’s brokerage team led by Matt Moore and Wes Hunnicutt.

Sowanick said in a statement that the project “represents a significant milestone for Stream” as the firm continues to grow its industrial footprint in Southern California.

The commercial real estate market across Southern California has been strained by trade tariffs, high interest rates and elevated construction costs after January firestorms burned 12,000 homes in Pacific Palisades and Altadena, the Los Angeles Times reported.

In the industrial sector, a surge of imports was observed at the ports as retailers raced to bring goods into the U.S. ahead of new tariffs.

Activity was supported by labor strikes at Eastern and Gulf Coast ports that temporarily prompted shippers to divert some cargo to the West Coast, subsequent to a deal that was ratified in February.

The uptick has been overshadowed by the prospect of a trade war, which has the potential to be the single-greatest factor that will impact the economy moving forward, according to the Times.

Stream Realty, founded in 1996, now serves 19 key markets across the U.S., investing in more than 55 million square feet of offices, industrial buildings, mixed-use projects and data centers, amounting to $8.9 billion in capitalization, according to its website.

In January, the company expanded its investment brokerage practice in Orange County with a foray into the multifamily market.

— Dana Bartholomew