EverWest Acquires Value-Add Creative Office Investment

1925 East Maple El Segundo, California

October 11, 2017

EverWest Real Estate Partners, in partnership with Rifkin & Associates, Inc.,  is pleased to announce the acquisition of 1925 East Maple, a 42,000 square foot free-standing building situated on 2.4 acres of land well located within the dynamic El Segundo office market.
 
Originally constructed in 1954 as a manufacturing facility and occupied by Boeing since the late 1970's, EverWest plans to reposition the property into a one of a kind modern / creative office building as shown above.  The brick and steel frame structure along with 14'6" clear heights provide great bones from which the project architect, ShubinDonaldson, will create a truly unique work environment.  Project renovations will include significant indoor / outdoor amenity spaces, private entrances and the delivery of an abundance of natural light throughout the interiors.  Plans are under development and construction will commence January 2018 with a scheduled completion in mid-June 2018.
 
Erik Good, Managing Director with EverWest, comments, "We are excited for the opportunity to transform 1925 Maple into a state-of-the-art, boutique, creative office asset and deliver it's availability to the market place for the first time in over 40 years."    
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EverWest Acquires Class A Office Building

Seville Professional Center Scottsdale, Arizona

September 22, 2017

EverWest Real Estate Partners, in partnership with one of their private investors,  is pleased to announce the acquisition of Seville Professional Center, a one two-story building totaling 92,581 square feet located at 7001 North Scottsdale Road in Scottsdale, Arizona .
 
The Class A office building is situated on +4.005 net acres and is leased to a broad mix of entrepreneurs, investment-grade and blue chip tenants.  Seville Professional Center was built in 1990 and enjoys access to the adjoining Scottsdale Seville Shopping Center offering the best in restaurants, bars, boutiques, and luxury services.
 
Across the street from Seville Professional Center is the Ritz Carlton Paradise Valley development which is under construction and is expected to be completed in 2019.  This project is expected to be the premier resort destination in Arizona when delivered to the market.
 
Amr Ceran, Senior Director with EverWest, comments, "Seville's walkable amenities, attractive demographics, and the anticipated neighborhood transformation, as well as the value enhancements to the asset within our business plan will maintain and attract quality tenancy.  As such, Seville is a great compliment to the EverWest office portfolio and aligns with our targeted investment strategies."    
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EverWest Acquires Build-to-Core Industrial Site

Brandon Woods Industrial Park - Greater Baltimore, MD

August 24, 2017

EverWest Real Estate Partners is pleased to announce the acquisition of Brandon Woods, an infill site located approximately 7 miles from BWI airport; 2.5 miles to the Key Bridge and 2 miles to I-695. The site is the last parcel available within the 3.0M square foot Brandon Woods industrial park in Curtis Bay, MD, which was largely built out in the 1990's.  
 
The proposed project represents a 139 acre land site that will allow for the development of three state of the art industrial buildings totaling 900,000+ square feet (a 500k+ s.f., a 300k+ s.f., and a 100k+ s.f. building) in an A location with its own designated access.  The development will take place in a joint venture with highly respected and active development partner Chesapeake Real Estate Group. 
 
Mark Bigarel, Managing Director with EverWest, comments, "It has been a tremendous effort by all involved to bring this last large industrial parcel within the submarket into a position to break ground, and I am excited for our team to begin construction on these state of the art distribution facilities." 
 
EverWest acquired the asset on behalf of a separate account with an institutional investor.
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EverWest Acquires Industrial Asset

341-345 North Baldwin Park Boulevard City of Industry, California

August 4, 2017

EverWest Real Estate Partners is pleased to announce the acquisition of 341-345 North Baldwin Park Boulevard, a 165,681 square foot, three-building industrial distribution project. 
 
The property is located in a prime City of Industry location in the heart of San Gabriel Valley with direct access to I-10 and I-605.  City of Industry is a logistical hub of the multi-modal corridor between Port of Los Angeles and the major East-West Freight Routes.
 
Erik Good, Managing Director with EverWest, comments, "We are pleased to have been able to add this strategic infill asset to our industrial portfolio at an advantageous basis in an off-market acquisition." 
 
EverWest acquired this asset on behalf of one of its investment management clients.
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EverWest Acquires Creative Office Asset

2130 - 2140 West Fulton Street Chicago, IL

June 29, 2017

EverWest Real Estate Partners, in partnership with Rifkin & Associates, Inc., is pleased to announce the acquisition of 2130-2140 West Fulton Street. 
 
The asset includes two vintage multi-tenant creative office buildings connected via an interior corridor containing 48,523 rentable square feet.
 
The properties are located in the heart of the Kinzie Corridor and approximately 0.75 miles due west of Chicago's rapidly developing Fulton Market.  The property is located three blocks northwest of the proposed Lake and Damen CTA L station scheduled to open in the next two to three years which will greatly enhance access to the property and increase demand for the neighborhood overall. 
 
Tom Karbowski, Managing Principal with EverWest, comments, "We are excited about this being our first investment in the rapidly growing Fulton Market/Kinzie Corridor area and we continue to look for similar opportunities." 
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