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Exceptional Location & Development Potential Attracted Major Interest

OVERVIEW Railroad Avenue | Florence Township, NJ 30.82 Acres Fully Approved for Industrial Development at Closing Approved Building Size: 300,700 SF Seller Representation For more information regarding this case study, please contact: BOB YOSHIMURA D  (610) 601-8504 Email // Resume   JOSEPH HILL D  (610) 601-8502 Email // Resume   ERIC MATTSON D  (610) 601-8503 Email // Resume   The Client Foxdale Properties is a privately held commercial real estate company based out of Pasadena,…

Lee & Associates Grows Presence in the South with Latest Expansion: Naples, Florida

May 26, 2020 (NAPLES, FL) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a Naples, Florida location. The office will specialize in multifamily, retail, office, and industrial brokerage. Lee & Associates Naples will be led by Bill Young, Biagio Bernardo, and Brock Rasmussen. Their team consists of seven brokerage professionals, including Jeffrey Buckler, SIOR; Michael Mahan; Thomas Webb, CCIM, MSRE; and James Walls. In addition to their transactional agents, the team will also include Claire…

Lee & Associates Washington, DC Transitions From a Satellite Office to a Freestanding Office

May 19, 2020 (WASHINGTON, DC) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Washington, DC office has transitioned from a satellite office to a freestanding office, granting them access to Lee & associates unique capital structure benefits. Lee & Associates Washington, DC is led by Josh Simon, who opened the satellite office in July of last year. Since the opening ten months ago, his office…

Single-Story Retail Building Sells Air Rights to NYC Developer

OVERVIEW 1440 Amsterdam Avenue | New York, NY ± 12,500 SF Lot Totaling 85,000 SF Buildable SF Seller Representation Structured Sale with Seller Getting Retail Condo/ Community Facility Upon Completion Sale Price: $7,900,000 For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client The client was a generational family office based in Queen. The family had…

Timely Negotiations Protect Asset Value for Seller Amidst Changing Rent Laws

OVERVIEW 145 Henry Street and 15-19 Wyckoff Street | Brooklyn, NY 83-Unit Value Add Multifamily Henry Street: 43-Unit Elevator Building Wyckoff Street: 40-Unit Walk-Up Building ~33% Rent Regulated ± 66,500 SF Total Seller Representation Approximate In-Place Cap Rate of 3.2% Sale Price: $36,650,000 ($550/SF) For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client The client…

NYC Developer Partners with an Institutional Capital on 75,000 SF Senior Housing Development Site

OVERVIEW 1622-1632 York Avenue | New York, NY ± 75,000 SF Development Site (Senior Housing) Buyer Representation Sale Price: $46,500,000 For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client Engel Burman Group, a local developer and senior housing operator, alongside institutional capital partner, Harrison St Real Estate Capital. The Challenge Due to the specific programming,…

Comprehensive Nature and Transparency of Diligence Available Opens the Investor Pool for NYC Multifamily Asset

OVERVIEW 308 West 82nd Street | New York, NY 49 Unity Multifamily Asset ~30% Rent Regulated ± 25,000 SF Seller Representation Sale Price: $18,650,000 ($746/SF) For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client Lee & Associates NYC represented the seller, a high net worth individual with global holdings, who sought liquidity in a turbulent…

12-Store Retail Portfolio Sale-Leaseback: Ollie’s Bargain Outlets

OVERVIEW Central and Eastern U.S. 484,194 SF (12 Store Portfolio) 100% Occupancy Built: Various Sale Price: $42,669,000 ($88/SF) 6.85% In-Place Cap Rate For more information regarding this case study, please contact: REBECCA WELLS D  (317) 726-7305 Email // Resume The Client Our client, Ollie’s Bargain Outlets, is a privately-held, fast-growing, extreme value retailer. Taking advantage of the bankruptcy of Toys“R”Us, Ollie’s purchased 12 owned stores at bankruptcy auction, converted them to Ollie’s and then engaged…

Midwest Multi-Tenant Flex Office Warehouse Sold to REIT for Asking Price

OVERVIEW 5610-5710 West 82nd Street, Building 66, Park 100 | Indianapolis, IN 64,800 SF 100% Occupancy Built: 1986 Clear Height: 20′ Sale Price: $5,200,000 ($80/SF) 6.75% In-Place Cap Rate For more information regarding this case study, please contact: REBECCA WELLS D  (317) 726-7305 Email // Resume The Client Our client was a private value-add partnership who purchased the building with vacancy in 2016. The seller made extensive interior and exterior capital improvements as well as…