A Different Approach to Real Estate
09/28/2015
Purchased off-market in an all-cash transaction at $75 per square foot with two institutional equity partners at a steep discount to replacement costs. The Triangle is a 200,000 square foot entertainment center located at the end of the 55 Freeway with peak traffic counts of 250,000 cars per day. Upon acquisition, the asset was leased up from 25% occupancy to nearly 80%, including a 60,000 square foot, 15-year lease with 24 Hour Fitness for its Super Sport concept
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