Scottsdale Office Complex Fetches $51 Million from Dallas Buyer

The office complex underwent a $23 million renovation prior to sale

August 21, 2018

EverWest Acquires Core Office Buildings

555 & 577 Airport Boulevard, Burlingame, California

EverWest, in partnership with global private markets investor, Partners Group, is pleased to announce the acquisition of a two-building, Class A Burlingame Bay Office Park totaling almost 13 acres and 261,959 square feet at 555 and 577 Airport Blvd. in Burlingame, California.  Building sizes range from 120,681 to 139,413 square feet - and five to eight stories - respectively.  Both buildings are visible from Highway 101/Bayshore Freeway and sit along the west side of the San Francisco Bay, offering immediate views of the East Bay and San Francisco.

"The North Peninsula office market is enjoying exceptional conditions, with overall vacancy at just 6 percent and strong and broad tenant demand that will continue to benefit well-located, high-profile projects like Burlingame Bay Office Park," said Ryan Madson, who oversees EverWest's Pacific Northwest Coast acquisition activity.  "We are very pleased to add this asset to our portfolio, and believe we can add even more value through capital improvements and lease-up in the months and years ahead."

The asset sits adjacent to a Hilton Double Tree hotel, the Hilton San Francisco Airport Bayfront hotel and numerous restaurants.  It is also minutes from San Francisco International Airport and less than 30 minutes from downtown San Francisco, Palo Alto and Mountain View.

Josh Rowell, Craig Kalinowski and Dan Matteucci with Newmark Knight Frank serve as the project's exclusive leasing brokers.
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EverWest Acquires Core Development Site

4400 South Wood Avenue, Linden, NJ

April 10, 2018

EverWest, in partnership with Accordia Realty Ventures, is pleased to announce the acquisition of a 20 acre development site located in Linden, NJ approximately 6 miles from the port of Newark. Construction of a 130,000 square foot warehouse/distribution facility is projected to commence in May 2018 with delivery anticipated for Q1 2019.

"The purchase of this site has been a 2.5 year long process so it is very gratifying to start work on a new state of the art facility that will deliver functional infill warehouse space that the market is clamoring for." said EverWest's Head of Acquisitions, Mark Bigarel, who oversees the company's acquisition activity in the U.S.

EverWest acquired 4400 South Wood Avenue on behalf of an institutional separate account.

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EverWest Acquires Core Development Site

220 York, Bensenville, IL

March 9, 2018

EverWest, in partnership with Distribution Realty Group (DRG), is pleased to announce the acquisition of a 10 acre development site located in DuPage County in the O'Hare submarket of Chicago.  The site, just north of the intersection of York and Irving Park Roads, is directly across the street from O'Hare Airport.  Construction of a 190,217 square foot Class A industrial building is projected to commence in April 2018 and deliver in February 2019.

"This is a great project and the team at DRG has done a masterful job of corralling multiple sellers in assembling this well located site that only gets better with the impending completion of the Elgin O'Hare Western Access Project," said EverWest Managing Director-Portfolio Manager, Tom Karbowski, who oversees the company's acquisition activity in the U.S. midwest region.

EverWest acquired 220 York on behalf of an institutional separate account with a Fortune 500 telecommunications company.

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