Syndicated Equities Acquires Carhartt Corporate Headquarters & Global Design Facility

Syndicated Equities is pleased to announce the acquisition of Carhartt’s Global Design and Corporate Headquarters.

The property, which is located at 5750 Mercury Drive in Dearborn, Michigan, is a 58,722 square-foot, two-story, class A corporate headquarters situated across the street from Ford’s global headquarters. The Property is utilized as Carhartt’s corporate headquarters and is also its state-of-the-art global design center, where all fabric and design decisions are made for new apparel. Syndicated acquired the property in a Delaware Statutory Trust ownership structure to accommodate investors completing Section 1031 exchanges along with accredited individual investors.

Syndicated Equities provides accredited investors and family offices with institutional quality commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

For more information please visit www.syneq.com or call (312) 640-9020

Syndicated Equities Invests Alongside Trestle Studios in Historic Choo Choo Hotel Renovation

Syndicated Equities is pleased to announce an investment in the repositioning of the historic Choo Choo in Chattanooga, TN.

The property is located at 92 Choo Choo Avenue, within the campus of the iconic 7-acre former railroad station known as the Chattanooga Choo Choo Terminal Station. Syndicated has invested in the property alongside Trestle Studio (“Trestle”), a hotel renovation, development, and management company with over 20 years of experience. Trestle began renovations in March 2023 and is projected to complete the project by the end of 2023. Once renovated, the rebranded hotel will be known as The Chalet and will feature 127 keys/rooms, including a unique offering of boutique hotel rooms in repurposed train cars, state-of-the-art banquet and catering facilities, a lounge/restaurant, and 1,749 SF of retail space.

For more information please visit www.syneq.com or call (312) 640-9020

Syndicated Equities Invests Alongside 3L Real Estate in Fort Worth Adaptive Reuse Project

Syndicated Equities is pleased to announce an investment in the Oncor, an office building that will be converted to multifamily located in downtown Fort Worth, Texas.

The property will be redeveloped by 3L Real Estate, a Chicago and Dallas-based developer that specializes in the adaptive reuse of converting urban office buildings to residences. The property consists of a 314,514 square foot, 16-story office building and a 4-story addition. Once complete, it will feature 330 units with Class A amenities including a gym, pool, rooftop deck, and business center.

Syndicated acquired the property alongside 3L Real Estate. Matt McCulloch, Managing Partner with Syndicated, noted “We are pleased to join 3L in another office to multifamily conversion, where they have proven to be creative and successful in their approach. Fort Worth is a growing and dynamic market that should have strong demand for this product.”

For more information please visit www.syneq.com or call (312) 640-9020

Syndicated Equities Sells Johns Hopkins Occupied Office Building

Syndicated Equities is pleased to announce the sale of the Johns Hopkins University Applied Physics Laboratory in Laurel, Maryland.

Syndicated acquired the property in January of 2011 in a joint venture with Middleton Partners, a Chicago-based real estate investment firm. During its ownership, Syndicated negotiated two long term lease renewals and made significant improvements to the building, including the installation of a new roof. The Property was successfully sold on July 18th to a Florida-based 1031 exchange investor. The investment produced an 8.02% internal rate of return (i.e., annualized rate of return) and an equity multiple equal to 1.95x. Matthew McCulloch, Managing Partner at Syndicated, noted “We are very pleased with the outcome of this investment for a core, office building purchased during the great recession. Investors received consistent cash flow distributions during the 11-year hold and the sale produced a profitable outcome.”

For more information please visit www.syneq.com or call (312) 640-9020

Syndicated Equities Acquires Heartland Payment Systems Corporate Headquarters

Syndicated Equities is pleased to announce the acquisition of the Heartland Payment Systems Corporate Headquarters located in Oklahoma City, Oklahoma.

The property is 100% net leased to Heartland Payment Systems, a financial technology company focused on efficient and secure payment processing and payroll services. Constructed in 2020 as a build-to-suit headquarters for Heartland Payment Systems, the approximately 111,500 square foot, Class A office building consists of seven stories, each with an approximately 15,928 square foot floor plate. The property is situated in Automobile Alley, one of the city’s to destinations for shopping, dining, art, and nightlife.

Syndicated acquired the property outright and structured its acquisition in a Delaware Statutory Trust (DST) to accommodate investors completing 1031 tax deferred exchanges along with accredited cash investors. The acquisition was partially funded with a loan from Old Second National Bank and Gateway First Bank. Matt McCulloch, Managing Partner with Syndicated, noted “Now, more than ever, we believe that consistent cash flow from an investment-grade tenant on a long-term lease is an excellent position to take amidst current market volatility.”

For more information please visit www.syneq.com or call (312) 640-9020