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Article: Lighthouse adds 25 commercial properties to portfolio.
- Article from:
- Real Estate Weekly
- Article date:
- April 2, 2008
CopyrightCOPYRIGHT 2008 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Lighthouse Real Estate Ventures, Inc., one of metropolitan New York's most active commercial real estate owner/operators, announced today that it has acquired certain commercial assets from the Baker Companies. The acquisition encompasses 1.9 million square feet of office/warehouse flex space across 25 properties in the tri-state area. The transaction, which closed on February 28, was valued at $209 million.
The geographically diverse portfolio consists of:
* Five properties in American Enterprise Park in Morris Plains, NJ (450,000 s/f).
* Six properties in Fairview Corporate Park in Elmsford, NY (251,000 s/f plus 17 acres).
* Four ...