In 2011 Arledan Group entered into the American real estate market as part of the diversification of its investment portfolio. Amongst the group’s holdings there are student housing, office, residential and commercial buildings.
|Columbus Plaza||150-174 Columbus Boulevard, New Britain, Connecticut||Class B Retail Plaza, 54,452sf (5,059 m2). The property was acquired in 2014 together with one of our partners and is fully leased on a long-term basis. Prime attractions of this property are its strong grocery anchor, highly visible location, and robust retail performance.|
|Franklin||210 Grove Street, Franklin, Massachusetts||Class B Industrial Building, 165,000sf (15,329m2). The property was acquired together with one of our partners in 2014. Although it is located in a prime industrial and warehousing hub in New England, the property was vacant at purchase. Shortly after purchase, 110,000 square feet (about 10,219 square meters) were leased. since early 2015 the property is fully leased.|
|Wilton||372 Danbury Road, Wilton, Connecticut||Class A Office Building, 92,422sf (8,586m2). The property was acquired together with one of our partners in 2014 and has since been re-permitted for partial office and partial medical specialty use. Prime attraction of this property is its location in a thriving secondary office market and the fact that it offers quality office space to small and medium size users.|
|Lee Farm||83 Wooster Heights Road, Danbury, Connecticut||Class A Office Building, 215,649sf (20,034m2). The property was acquired together with one of our partners in 2013. At the time of purchase, it was under-leased and required significant common area updating which has been completed. Substantial leasing activity has significantly increased the occupancy. New management and the superior location of the property on a hill overlooking the entire valley has made it the leading mid-size office building in the market.|
|Soundview at Savin Rock||Campbell Avenue, West Haven, Connecticut||Class A Residential property, 105 units. The property was acquired together with one of our partners in 2010. Extensive upgrades have been made to all units, as well as renovations to the exterior, allowing it to be successfully repositioned as a luxury apartment complex. Prime attractions of the property are outstanding views of Long Island Sound (the Atlantic Ocean) and a public beach a few steps away.|
|Lovell Square||475 West Lovell Street, Kalamazoo, Michigan||Class A Residential property, 47 units. The property was acquired in 2012. It was a former assisted living facility and had been vacant for six years. The reconfiguration and total renovation of all units and common areas was completed in 2013 and the property has been successfully repositioned as a luxury apartment complex. The property also includes two smaller, adjacent, multi-family buildings. Prime attractions of the property are its downtown location near a new medical school and its proximity to restaurants and entertainment.|
|1324 Lafayette-sold in 2015||1324 Lafayette Avenue, Kalamazoo, Michigan||Class B Property, 302 units (641 beds, leased by the bed), marketed as student housing. The property is made up of three adjacent parcels acquired in 2011 and 2012 in three phases. Extensive renovations have been made to 115 units, a new clubhouse has been built, and significant renovations and landscaping have been made to the exterior. The primary attraction of the property is its very close proximity to the university. The property was sold in early 2015.|