By IvyLee Rosario
A&G Realty Partners launched a new division focusing on maximizing the value of real estate assets and leases in non-retail sectors. The launch follows after the company has expanded its reach to sectors such as office, warehouse, higher education and residential, now including rental apartments, condos and single family developments.
A&G’s recent non-retail work includes handling the disposition of a 33-property residential real estate portfolio in the Mid-Atlantic; selling a waterfront estate on Long Island; selling the office/warehouse headquarters for two national retail chains; selling the 25-acre campus of Dowling College at auction; overseeing the property sales for the bankruptcy trustee of ITT Educational Services; and spearheading real estate strategies for three other for-profit career colleges that included lease terminations, sub-leases and occupancy cost reductions. During the first quarter of 2017, A&G completed 18 transactions totaling $94 million for office, warehouse, higher-education properties and vacant land.
“We enjoy a strong reputation in retail for providing due diligence, valuations, strategic advice, auctions, lease terminations, occupancy cost reductions, acquisitions, and other critical services,” said Emilio Amendola, co-president of A&G, in prepared remarks. “This new division reflects the growing demand for our services in non-retail sectors as well. In today’s marketplace, all of our clients—everyone from property owners and tenants to hedge fund managers, private equity firms, bankruptcy trustees and asset-based lenders—recognize that you cannot afford to leave asset value on the table.”
Image courtesy of A&G Realty Partners