CONTINENTAL AUTOMOTIVE GROUP HEADQUARTERS
Q10 | Lutz Financial Services managed the underwriting and the $18 million re-financing of Continental Automotive Group (a subsidiary of Continental AG of Germany) U.S. Headquarters in Auburn Hills, MI. Located in the shadow of Chrysler’s World Headquarters, this 200,000 square foot R&D and office building was financed in the midst of the global financial market meltdown. Q10 | Lutz Financial Services was able to secure long-term, fixed-rate financing with a national bank due to the combination of Q10 | Lutz
Financial Services’ relationship with the lender, the ability to cite an improving trend in the U.S. auto manufacturing sector, a long term lease in place at rental rates below current market, an $8 million investment by the tenant for additional tenant improvements as well as a $3,300,000 surety bond posted by the tenant as additional collateral.
1900 MARKET STREET
Q10 | Lutz Financial Services managed the acquisition underwriting and due diligence with a client to acquire 1900 Market Street in the amount of approximately $82 million. Also known as The Philadelphia Stock Exchange Building, the Class A office building is located in the heart of center city Philadelphia. The mixed-use property consists of 440,735 square feet of office space and 15,653 square feet of prime retail space leased to an outstanding roster of high quality tenants such as the Philadelphia Board of Exchange, Cozen
O'Connor, Starbucks and Commerce Bank. Additionally, Q10 | Lutz Financial Services secured a fixed-rate, acquisition loan in the amount of $63 million.
SPRINGS INDUSTRIES, INC.
Q10 | Lutz Financial Services managed the acquisition process, the acquisition financing, and eventual disposition of this 2.7 million square foot industrial/ warehouse/ distribution and office portfolio on a 20-year sale-leaseback on behalf of a client. The original seller, a pre-eminent home furnishings company, was a private business that was founded in 1887 and had an investment grade rating from S&P. The portfolio included the most important properties integral to the company’s operation including the seller’s executive office
headquarters, located in a prestigious suburb of Charlotte, NC. The industrial/ warehouse/ distribution facilities are all located in six key markets with immediate access to major distribution hubs in Pennsylvania, Georgia, South Carolina, Virginia, Alabama and North Carolina. A few years after acquiring the portfolio, Q10 | Lutz Financial Services acted as Investment Sale Advisor as this group of assets was sold at profits significantly higher than originally forecasted.
HARD ROCK HOTEL - NEW YORK CITY
Q10 | Lutz Financial Services structured and arranged both a $90 million first mortgage and a $55 million mezzanine loan for the acquisition and renovation of the 597 room Paramount Hotel in New York City. It was acquired with the intent to renovate and convert the Paramount Hotel into the Hard Rock Hotel – NYC. The Paramount is located on west 46th Street near Times Square in the heart of New York City's Theater District.
Q10 | Lutz Financial Services managed the underwriting and the $18 million re-financing of Continental Automotive Group (a subsidiary of Continental AG of Germany) U.S. Headquarters in Auburn Hills, MI. Located in the shadow of Chrysler’s World Headquarters, this 200,000 square foot R&D and office building was financed in the midst of the global financial market meltdown. Q10 | Lutz Financial Services was able to secure long-term, fixed-rate financing with a national bank due to the combination of Q10 | Lutz
Financial Services’ relationship with the lender, the ability to cite an improving trend in the U.S. auto manufacturing sector, a long term lease in place at rental rates below current market, an $8 million investment by the tenant for additional tenant improvements as well as a $3,300,000 surety bond posted by the tenant as additional collateral.
1900 MARKET STREET
Q10 | Lutz Financial Services managed the acquisition underwriting and due diligence with a client to acquire 1900 Market Street in the amount of approximately $82 million. Also known as The Philadelphia Stock Exchange Building, the Class A office building is located in the heart of center city Philadelphia. The mixed-use property consists of 440,735 square feet of office space and 15,653 square feet of prime retail space leased to an outstanding roster of high quality tenants such as the Philadelphia Board of Exchange, Cozen
O'Connor, Starbucks and Commerce Bank. Additionally, Q10 | Lutz Financial Services secured a fixed-rate, acquisition loan in the amount of $63 million. SPRINGS INDUSTRIES, INC.
Q10 | Lutz Financial Services managed the acquisition process, the acquisition financing, and eventual disposition of this 2.7 million square foot industrial/ warehouse/ distribution and office portfolio on a 20-year sale-leaseback on behalf of a client. The original seller, a pre-eminent home furnishings company, was a private business that was founded in 1887 and had an investment grade rating from S&P. The portfolio included the most important properties integral to the company’s operation including the seller’s executive office
headquarters, located in a prestigious suburb of Charlotte, NC. The industrial/ warehouse/ distribution facilities are all located in six key markets with immediate access to major distribution hubs in Pennsylvania, Georgia, South Carolina, Virginia, Alabama and North Carolina. A few years after acquiring the portfolio, Q10 | Lutz Financial Services acted as Investment Sale Advisor as this group of assets was sold at profits significantly higher than originally forecasted.
HARD ROCK HOTEL - NEW YORK CITY
Q10 | Lutz Financial Services structured and arranged both a $90 million first mortgage and a $55 million mezzanine loan for the acquisition and renovation of the 597 room Paramount Hotel in New York City. It was acquired with the intent to renovate and convert the Paramount Hotel into the Hard Rock Hotel – NYC. The Paramount is located on west 46th Street near Times Square in the heart of New York City's Theater District. 
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