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“Activity at these buildings demonstrates our belief that with a focus on capital improvements and aggressive marketing, tremendous value can be created,” says Joe Sergi of Clear Height Properties.
An office portfolio represented an opportunity to acquire a high-profile selection of assets in Tulsa's affluent southern submarkets as the buildings offer an alternative to the area's higher-priced office assets.
The deal follows another major financing transaction secured for a McWhinney project. Last week, Berkadia announced it closed $170 million in financing for McWhinney's Great Wolf Lodge in Garden Grove, CA.
Phase two will involve the remaining 1.25 million square feet of planned new mixed-use development, including office, residential, hotel, marina, and retail space, as well as parks and public places, across a half mile of redeveloped waterfront.
In addition to denser housing projects, a series of underutilized retail and office projects are planned to be repositioned as either housing-only developments or mixed-use centers with housing, says Garber in this <b>EXCLUSIVE</b>.
Bridge was recognized for the quality and impact of three especially noteworthy Chicagoland projects: Bridge Point 290, Bridge Point Franklin Park, and Bridge Point North Business Park Building III.
In this shifting market, both buyers and sellers of commercial real estate need to thoughtfully protect their interests and limit their risk to the extent possible.