News

April 16, 2012
220 Congress Avenue Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of the well located office building located just off of I-95 and Atlantic Avenue in Delray Beach, FL. 220 Congress Park Drive (“Congress Park”) is a 54,174 rentable square foot suburban office building that was constructed in 1985 on 3.81 acres of land and includes 259 parking spaces; 51 of these spaces are covered and are located underneath the Building. No other office building in its competitive set offers covered parking, a highly desirable amenity in South Florida. The 54,000-square-foot suburban office building was acquired on April 16, 2012. The value-add opportunity was 53 percent leased at closing.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.