Thank you for sharing!

Your article was successfully shared with the contacts you provided.

REDLANDS, CA-The Praedium Group has cashed in on one of its repositioned properties, as the real estate investment company has sold a Redlands complex for 23% more than its original value.

Praedium, which specializes in underperforming properties, purchased the flex office complex in July 1998. After acquiring the site for $5.8 million, Praedium set about repositioning it. The past three years were used to improve the rent roll and increase the cash flow of the complex, which consists of Trade Centers I & II.

Praedium has seen its efforts pay off, as the property has been sold for $7.3 million to a Portland, OR-based partnership of VTE Trade Center LLC and KCI Trade Center LLC. “The sale of Trade Centers I and II represents a textbook example of how Praedium’s proactive real estate management can help increase cash flow and produce a profit on resale,” says Christopher F. Hughes, a Praedium principal.

Formed in 1991, New York-based Praedium has more than $2 billion in total investments to date. The firm focuses on middle-market assets, worth generally less than $75 million in total cost.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.