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 The Client The client was a generational family office based in Queen. The family had traditionally owned multifamily assets and was not a ground up…
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 The Client The client was a second-generation owner/operator who wanted to retire and get…
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 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, unit sizes, and zoning constraints; the client had provided us…
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 The Client Lee & Associates NYC represented the seller, a high net worth individual with global holdings, who sought liquidity in a turbulent real estate market. The Challenge This assignment was one of…
Lee & Associates Grows Northeast Presence with Latest Expansion: Boston, MA
April 30, 2020 (BOSTON, MA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a Boston, Massachusetts location. The office will specialize in tenant representation for office, life sciences, industrial, and retail clients, with plans to strategically recruit teams that will grow their agency and capital markets capabilities in Boston and the larger New England market. Lee & Associates Boston will be led by Eric Solem, Ty…
Value Add Multi-Tenant Industrial Park Sale
OVERVIEW 1320 Grand Avenue | San Marcos, CA Industrial Multi-Tenant Park “Value-Add” Repositioning Strategy Off-Market Transaction 52,289 SF 37 Incubator Suites Acquisition Price: $6,885,000 Disposition Price: $9,250,000 17-Month Hold Period For more information regarding this case study, please contact: RUSTY WILLIAMS D (760) 448-2453 Email // Resume CHRIS ROTH D (760) 448-2448 Email // Resume JAKE RUBENDALL D (760) 448-1369 Email // Resume The Client Focus Real Estate, LP, formed in April…
The Impact of COVID-19 on Commercial Real Estate
Panel Held on March 25, 2020 at 8:00 AM PST / 11:00 AM EST Earlier this morning Lee & Associates held a discussion with a panel of experts, moderated by our CEO, Jeff Rinkov, to discuss the impact of COVID-19 on the commercial real estate market. To learn more about the panel topics or to connect with the panelists, please see below. PANEL DISCUSSION OUTLINE Introductions and Opening Remarks (00:00 – 02:04) Industrial Market (02:05 – 11:01) Capital Markets &…
Balfour Beatty Develops Corporate Real Estate Strategy For U.S. Portfolio
For more information regarding this case study, please contact: JOHN DECOUTO, CCIM, MCR.H D (404) 442-2822 Email // Resume The Client Balfour Beatty is an industry-leading provider in the U.S. of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and…
AFF Logistics Center Sale-Leaseback
OVERVIEW 7400 45th Street Court E | Fife, WA ± 99,260 SF 19.5 Acres Seller (& Lessee) Representation Sale Price: $46,515,015 ($469 / SF) “We were extremely happy with the local market expertise and guidance provided by the Lee & Associates team. From lease availability analyses, to purchase and sale negotiation, introduction to key area legal counsel, and presence during the entire transaction, we could not have asked for more. The Lee team set…