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Fort Mill, South Carolina |
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 Lutz Real Estate Investments managed 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 the S&P. The portfolio acquired 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. 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. Sold in 2006, this group of assets provided significantly greater profits than originally forecasted. |
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Philadelphia, Pennsylvania |
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 Lutz Real Estate Investments managed the acquisition and financing of the Philadelphia Stock Exchange, a Class A office building located in the heart of downtown Philadelphia. The 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. Lutz Real Estate Investments secured an acquisition loan in the amount of $63 million and also worked with its client to create pro forma analysis and to conduct market due diligence. |
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New York City, New York |
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 Lutz Real Estate Investments structured and arranged both a $90 million first mortgage and a $55 million mezzanine loan for the acquisition and renovation of the 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 near Times Square and in the heart of New York City's theater district. |
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