Tag: sold

Property details

Cranberry Township, Pennsylvania

Cranberry Square

Investment type

Value Add

Asset Class

Retail

Ownership Structure

Joint Venture

Year Acquired

2018

Investment Summary

Syndicated invested alongside M&J Wilkow in the acquisition of Cranberry Square, a 299,818 square foot regional shopping center located approximately 18 miles from downtown Pittsburgh.

The property is leased to seven national tenants including Field & Stream, Best Buy, and Barnes and Noble. The property is shadow anchored by Walmart and Costco and is situated at Route 19 and Route 228, a prominent intersection that sees traffic counts in excess of 70,000 vehicles per day.

Property details

Columbus, OHio

Mars Petcare Cold Storage Facility

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2017

Investment Summary

The property consists of a 465,256 square foot freezer/cold storage warehouse facility leased to Mars Petcare.

Mars is the world’s leading manufacturer of dry and soft pet food, soft treats, and dog biscuits. The property was originally developed in 1968 as a warehouse and distribution facility but underwent an extensive renovation in 2016 and 2017 into a food grade facility in accordance with Mars Petcare’s specifications. Renovations included the construction of a 168,245 square foot state-of-the-art Freon-based freezer facility, a substantial LED lighting system, and the latest technology in commercial food-grade equipment.

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

Property details

Minnetonka, Minnesota

Abbott Laboratories Bio-Medical Portfolio

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2017

Investment Summary

The property consists of four one-story buildings comprising the Minnetonka Abbott Campus: 14901 Deveau Place, 14581 Deveau Place, 14900 Minnetonka Industrial Road and 3700 Williston Road.

The Property features ISO certification 7 or better clean room space for medical device manufacturing and prototype development of catheters associated with cardiovascular and atrial fibrillation. The Property also provides adjacent tech support areas and general office space.

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

Property details

Pearland, Texas

Merit Medical

Investment type

Net Lease

Asset Class

Industrial

Ownership Structure

Delaware Statutory Trust (DST)

Year Acquired

2017

Investment Summary

A 95,000 square foot industrial facility that is leased to Merit Medical Systems. The single story building was constructed specifically for Merit and is utilized for medical device manufacturing.

Syndicated structured its acquisitions as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.

Property details

Pittsburgh, Pennsylvania

Plaza at the Pointe

Investment type

Value Add

Asset Class

Retail

Ownership Structure

Joint Venture

Year Acquired

2016

Investment Summary

Syndicated invested alongside M&J Wilkow in Plaza at the Pointe, an established regional shopping center consisting of 149,943 square feet and 581 parking spaces (3.9/1,000 square feet).

Built in 1998, the property is situated on 14.19 acres and benefits from its proximity to major national retailers and I-376, which has average daily traffic counts above 55,000 vehicles. The property is accessible via Summit Park Drive, which accommodates more than 24,000 vehicles daily. Downtown Pittsburgh is approximately seven miles east, and the Pittsburgh International Airport is eight miles northwest.