Transactions
Recent Transactions
As long-term owners and managers of commercial real estate, our significant competitive advantage results from our appreciation of the value of the underlying assets involved in each transaction and our ability to structure each deal based on the unique circumstances facing each owner. For example:
- We acquired a 500,000 square foot property from a lender pursuant to a foreclosure. This transaction required Alliance to redefine the lot line for the asset prior to acquisition and to extensively redevelop the asset post-acquisition. We acquired this asset “all-cash” on January 9th, 2010.
- In a $59 million transaction, we acquired a 490,000 square-foot, long-term net leased, single tenant, state-of-the-art corporate warehouse facility from a private equity investor seeking to close-out a legacy fund. The property is located in the Lehigh Valley region of Pennsylvania, a strategically located 48 million square-foot industrial distribution market serving the U.S. East Coast corridor. The lessee, a large international corporation, has deemed this special-use warehouse property to be excess corporate real estate. We will be working with the lessee to reposition and re-lease the asset. The transaction required that we assume an existing long-term CMBS first mortgage loan, and included obtaining special servicer and rating agency approval for the loan assumption. Our track record, reputation and experience expedited the assumption process, and we closed the acquisition in May, 2010.
Past Transactions
Alliance’s principals have acquired properties from, sold properties to or leased properties (75,000 sq. ft. +) to the following companies:
- ADP
- BASF
- BF Goodrich
- Cadbury Schweppes
- Central Intelligence Agency
- Computer Associates
- Computer Sciences Corporation
- DuPont
- Hewlett-Packard
- Hubbell Corporation
- Hudson United Bancorp
- Lockheed Martin
- Mercedes Benz
- Merck
- Michelin Corporation
- New York Life
- Polaroid Corporation
- Pulsecom
- Qwest Communications
- Rockwell International
- Samsung
- Toys “R” Us
- Unisys
- Wells Fargo
