MESA, ARIZ. (July 10, 2023) – A local investment group comprised of experts in commercial real estate, law, and business recently closed on its first deal, a 39,000 SF multi-tenant asset in the “Arcadia Lite” Neighborhood.
Streamline Capital Group purchased the former Camelhead Business Center at 2600 N. 44th St., in Phoenix for $5 million. The asset is being rebranded as The Grand on 44th.
Managing Streamline Capital Group is a trio of professionals that has the expertise and experience to find, finance, and manage properties.
“I’m proud of our team as we went through a large capital raise on our first endeavor together,” said David Hrizak, one of Streamline’s three principals. “As we look to rebrand the building into The Grand on 44th, our current and future tenants can expect some exciting changes to the property.”
Two other principals, Frank Stirpe and Scott Roney, bring diversity to the group with legal, operations, project management and marketing proficiencies.
The Grand on 44th features two structures: Building A is +/- 8,594 SF; Building B is +/- 30,788 SF. The site is zoned R-5, providing flexibility for the 1.61-acre parcel. Its centralized location provides exceptional access to Phoenix Sky Harbor International Airport, the Loop 202, Interstate 10, and SR 143 and is conveniently accessible from the core of Phoenix, Tempe and Scottsdale.
“We had 19 investors for this project and their excitement for this acquisition has been through the roof. They’ve seen firsthand how easy investing can be with our unique Streamline process,” Stirpe said. “We look forward to transitioning this initial pool of investors into legacy investors and partnering with them for years to come.”
In 2001, Hrizak formed Burzak Investment Group, Inc., with the goal of locating and identifying real estate development opportunities, either as ground-up development or redevelopment of existing properties. He directed the company’s successful participation in the office, industrial, medical, retail, and residential sectors. Investments included buy, build, and hold-for-cash flow and buy, build, and sell projects.
In 2010 Hrizak founded general contracting firm Streamline Construction & Development Corp. Burzak and Streamline Construction & Development together have facilitated and executed investments totaling more than $100 million.
Throughout his career, Stirpe has excelled in the fields of business, large-scale organizational operations, and education. His innovative leadership propelled him to rapid advancement in the fields of educational operations and business. He brings to the firm a wealth of experience in marketing, operations, and project management.
Roney possesses more than 30 years of experience practicing complex business and commercial law and has held senior leadership roles in global industrial companies. He served as a corporate officer of a publicly traded Fortune 100 company.
Roney is the principal of Valley law firm Roney Business Law located in Queen Creek. He previously served as Vice President, Compliance and Ethics, for global companies Adient, PLC and Archer Daniels Midland Company.
“I am so thrilled to leverage and expand my legal and management experience in partnership with Dave and Frank and to support our shared vision to make Streamline Capital a significant and sophisticated participant in commercial real estate investments,” Roney said. “I’ve learned a tremendous amount working on this transaction and am anxious to continue that trajectory.”
Facilitating the leasing of The Grand on 44th are Keri Davies and Jason Reddington, CCIM, with LevRose Commercial Real Estate.
For more information visit streamlinecapitalgroup.net.
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2600 N. 44th St., in Phoenix