News

Property details

Homestead, Pennsylvania

Waterfront Shopping Center

Investment type

Value Add

Asset Class

Retail

Ownership Structure

Joint Venture

Year Acquired

2012

Investment Summary

Syndicated invested alongside M&J Wilkow in The Waterfront, an approximately 765,000 square foot regional shopping center located in Homestead (Pittsburgh), Pennsylvania.

Situated on 265 acres, the property stretches for 2 miles along the Monongahela River, across from the Squirrel Hill and Shadyside neighborhoods, and is approximately 7 miles southeast of the Pittsburgh central business district. The property consists of two components, a 358,704 square foot Power Center and a 405,987 square foot Lifestyle Town Center.

Property details

Bannockburn, ILlinois

NorthShore Health

Investment type

Net Lease

Asset Class

Medical

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2012

Investment Summary

The property consists of a 40,800 square foot medical office building leased to NorthShore University HealthSystem in Bannockburn, Illinois.

The property was originally developed in the 1970s as a commercial office building but underwent an extensive renovation in 2002-2003, which converted its use to medical.

Syndicated structured its acquisition as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.

Property details

Sullivan, Missouri

Walgreens Center

Investment type

Net Lease

Asset Class

Retail

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2013

Investment Summary

An approximately 20,682 square foot, single story, retail building, primarily leased to Walgreens. The property was originally operated by Strauser Drugs, a local pharmacy that was acquired by Walgreens in 2012.

Syndicated structured its acquisition as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.

Property details

Atlanta, Georgia

Customs & Border Patrol (CBP)

Investment type

Net Lease

Asset Class

Office

Ownership Structure

LLC

Year Acquired

2013

Investment Summary

The US Customs and Border Patrol (CBP) is a 60,005 square feet office building leased to the GSA.

The property is strategically located directly across the street from Hartsfield Jackson International Airport in Atlanta.

Property details

Naperville, ILlinois

Starbucks & FedEx Retail Center

Investment type

Net Lease

Asset Class

Retail

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2013

Investment Summary

A 6,800 square foot, two tenant retail property leased to Starbucks and FedEx in Naperville, Illinois. The property is situated on a heavily trafficked, signalized corner at Ogden Avenue and Naperville-Wheaton Road.

Syndicated structured its acquisition as a Tenancy-in-Common to accommodate investors completing a Section 1031 Exchange.