Long Wharf’s investments are based on finding value in underappreciated situations — opportunities we uncover based on our team’s vast network of contacts and partnerships in the industry and unique market insights from years of experience.

Description

• 2022 recapitalization of a fully-leased 143,000 square foot grocery-anchored retail/office center in Newton, MA, an affluent suburb just outside of Boston
• Located along highly-trafficked retail corridor in densely populated trade area

Opportunity

• Acquire high-performing center in market with very tight retail fundamentals
• Capitalize on strong going-in cash-on-cash return

Description

• 2022 recapitalization of a 264,000 square foot office property with parking in Denver, CO
• Within highly desirable Cherry Creek North submarket, which is experiencing strong leasing demand as tenants seek highly amenitized locations
• 87% leased to a diverse tenant mix

Opportunity

• Continue to build on substantial leasing momentum
• Complete upgrades to the exterior, lobby, and amenities

Description

• 2021 acquisition of a 125,000 square foot Class A creative office building in Burbank, CA
• Located in the heart of the expanding Burbank Media District adjacent to the Warner Brothers and Disney headquarters
• Building infrastructure is tailored to post-production media tenants prevalent in the submarket

Opportunity

• Purchase an office building in an “entertainment hub” experiencing rising demand due to growth in the media and content creation sectors
• Further enhance the building by implementing a modest capital improvement plan which includes upgrading the building façade and street presence

Description

• 2020 acquisition of a distressed 246,000 square foot Class A office building in Eden Prairie, MN, a southwestern suburb of Minneapolis
• Situated directly on I-494 providing excellent visibility and access and within walking distance to light rail stop scheduled to open in 2023
• Building has ample parking and large floor plates, making it an attractive option in a metro with the most corporate headquarters per capita in the U.S.

Opportunity

• Capitalize on a low acquisition basis in a strong submarket benefiting from the shift in tenant demand from the CBD to the suburbs
• Reposition the property through a large-scale renovation of the outdated lobby and atrium, providing tenants with collaboration space outside of their individual office suites

Description

• 2018 acquisition of a 350,000 square foot Class A office building in the Buckhead submarket of Atlanta, GA
• Adjacent to the Lenox Square Mall, attached to a luxury hotel, and one block from a MARTA station

Opportunity

• Renew a portion of the building's tenants over the hold period while rolling rental rates up to market

Description

• 2017 sale-leaseback of an existing 58,000 square foot office building and the development of an adjoining 105,000 square foot office building and parking garage in the West End neighborhood of Dallas, TX
• Owner-occupier of the existing building will expand into 50% of the entire space, leaving 82,000 square feet of brand new Class A office space available with unmatched views of and visibility from Dallas CBD/Uptown

Opportunity

• Acquire a well-located asset and add 105,000 square feet
• Mitigate the leasing risk through 50% of pre-leasing with the long-term tenant, while capitalizing on the demand for innovative office space in the Dallas CBD

Result

• Added 105,000 square feet of Class A creative office space
• Achieved LEED Gold, Energy Star, and WELL certifications
• Completed a large-scale mural seen by 400,000 people per day
• Sold in 2022

Description

• 2015 acquisition and renovation of a 54,000 square foot commercial office condo in New York, NY
• Located in the base of a fully-renovated luxury residential condominium tower in the heart of midtown Manhattan

Opportunity

• Space offers a “building within a building” with unique features including a private ground-floor lobby, exterior signage, and first class amenities (outdoor terrace, gym, and tenant lounge)
• Lease to single tenant or multi-tenant users based on the flexible floor plates allowing for the optionality to tap into the demand from small to medium-sized tenants

Result

• Completed all interior renovations
• Sold the property in 2018

Description

• 2014 and 2015 acquisition of six floors and two ground level retail spaces encompassing 141,000 square feet of a Class A office building in downtown Brooklyn, NY
• Extremely well-located with strong access to entertainment, amenities, affluent residential neighborhoods, and transportation

Opportunity

• Implement a multi-tenant lease-up coupled with select building renovations in an extremely strong office market