Bisnow / Jon Banister
Anthony Chang, Managing Director of Stream Realty, then at WashREIT, at a Bisnow event in September 2019.
A veteran of the DC office market who left WashREIT after the company sold its office portfolio has joined brokerage firm Stream Realty.
Stream Realty announced Tuesday that it has hired Anthony Chang, who has spent the past seven years at WashREIT as vice president, to lead its new office in Northern Virginia.
WashREIT struck a deal in June to sell substantially all of its office assets to Brookfield Asset Management as the REIT focused on multi-family properties. The REIT has said it intends to move the majority of its office staff to Brookfield, although Chang, a leader of its office team, has not made the move.
Chang will now be Managing Director and Market Leader in Northern Virginia for Stream Realty. The Dallas-based company already provides rental, property management and construction services for 3.5 million square feet of properties in Northern Virginia, and it now plans to open an office there, its 14th location.
While working at WashREIT, Chang co-founded his flexible office program, Space +. Prior to joining the REIT in 2014, he worked as a broker with Cassidy Turley. He also previously worked with Hines and Tishman Speyer, according to his LinkedIn page.
“Having been on both the brokerage and ownership side of the industry, I know how important it is to be nimble for your clients, and Stream’s existing presence in Northern Virginia makes it a ramp of. natural launch to formalize an office and solve the message of our customers pandemic market needs, ”Chang said in a statement.
Stream’s DC office, headed by Executive Managing Director Kyle Luby, opened in 2013. In 2017, he hired former Penzance DC leasing manager Matt Pacinelli to help develop the office. In June of this year, he celebrated the opening of a new DC office at 1601 K St. NW.
“I am truly excited to add this location to our platform and provide strategic oversight to Anthony to take this office to the next level, cementing and increasing our footprint in Northern Virginia,” said Luby. “We plan to actively recruit and rapidly develop a line of service support to provide our customers with a full range of resources. ”