THIS REPRESENTED A GAIN OF OVER 130% OR 2.3 TIMES THE PURCHASE PRICE IN JUST 4 YEARS!
Ted Konigsberg, our President said, “This deal represented everything we strive for in our transactions, which is adding value for our clients every step of the way. Buying this building well under market in 2017, leasing it up to a quality tenant, and then selling it for the highest price per square foot ever achieved in the submarket shows what we are capable of. In the final analysis, this was a win-win for everyone involved. Our client realized an amazing profit and Lightstone acquired a great asset for a fair price. They have creative plans for its future redevelopment and market positioning, and have achieved critical mass in one of the best industrial markets in the country.”