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Former WashREIT Office Exec Joins Stream Realty To Lead Northern Virginia Expansion

Stream Realty Managing Director Anthony Chang, then with WashREIT, at a September 2019 Bisnow event.

A D.C. office market veteran who left WashREIT after the company sold its office portfolio has joined brokerage firm Stream Realty

Stream Realty announced Tuesday it hired Anthony Chang, who spent the past seven years with WashREIT as vice president, to lead its new office in Northern Virginia. 

WashREIT reached a deal in June to sell nearly all of its office assets to Brookfield Asset Management as the REIT shifted to focus on multifamily. The REIT said it aimed to transfer a majority of its office personnel to Brookfield, though Chang, one of the leaders of its office team, didn't make that move. 

Chang will now serve as managing director and Northern Virginia market leader for Stream Realty. The Dallas-based firm already provides leasing, property management and construction services for 3.5M SF of properties in Northern Virginia, and now it plans to open an office there, its 14th location. 

While at WashREIT, Chang co-founded its flexible office program, Space+. Prior to joining the REIT in 2014, he worked as a broker at 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 agile for your clients, and Stream’s existing presence in Northern Virginia makes this a natural launch pad to formalize an office and solve our clients’ post pandemic market needs," Chang said in a release. 

Stream's D.C. office, led by Executive Managing Director Kyle Luby, opened in 2013. In 2017 it hired Penzance's former D.C. leasing head, Matt Pacinelli, to help grow the office. In June of this year it celebrated the opening of a new D.C. office at 1601 K St. NW. 

“I’m really excited to add this location to our platform and provide strategic oversight for Anthony to take this office to the next level, cementing and growing our footprint in Northern Virginia,” Luby said. “We plan on actively recruiting and quickly building out service line support to offer our clients a full scope of resources.”