Staff Reports | Business & Commerce
Streamline Capital Group, a Mesa-based real estate investment firm specializing in Class B and medical office properties, is expanding its presence in the Metro Phoenix market.
Since acquiring The Grand on 44th, a 40,000-square-foot property in June 2023, the firm has implemented a capital improvement and leasing program that increased occupancy. The building, which is at 44th Street and Thomas Road in Phoenix, is now 87% leased following a long-term commitment from Goldberg & Osborne, a personal injury law firm, according to a press release.
In Mesa, Twelve 34 Power, a 19,000-square-foot professional and medical office building acquired in February 2024, has reached full occupancy. Streamline Capital Group executed an operational overhaul that included capital enhancements, lease repositioning and property management changes.
The firm is under contract to acquire its next property: a Class B medical office building at 401 W. Baseline Road in Tempe, currently known as The Meridian. Streamline plans to rebrand the property as Tempe Crossings and renovate exterior and common interior areas. The building is expected to come online in early 2026.
“Our mission is not just about owning real estate. It’s about transforming properties, delivering reliable returns to our investors and contributing to the economic vitality of our communities. The success we’ve seen in Phoenix and Mesa underscores the strength of our value-add strategy, and we’re excited to bring that same momentum to Tempe with Tempe Crossings,” said David Hrizak, CEO of Streamline Capital Group.
Mr. Hrizak said the company’s approach focuses on long-term value creation for both investors and tenants.
Founded in 2022, Streamline Capital Group acquires and repositions income-producing medical and Class B office buildings across high-growth markets in Metro Phoenix.
