Advance Realty Group L.L.C.
Real Estate - , ,
Advance Realty Group L.L.C. Employees
Advance Realty Group L.L.C. Details
Advance Realty Group, L.L.C. was a fully integrated real estate owner concentrating on office, flex and industrial properties in the Northeast and Mid Atlantic regions of the US. The company was formed as a Delaware LLC in 2001.The company acquired, developed, owned and managed 5 million square feet of commercial properties.It owned development sites that could yield 6 million square feet of commercial properties and 8,000 residential units.The company was headquartered in New Jersey and maintained offices in Boston, NJ, MD and Northern VA. It employed 125 professionals engaged in asset management, development, acquisitions, property management, leasing and construction. The company was best known for acquiring and repositioning suburban office buildings. It also developed urban infill and transit-oriented mixed-use properties, including Harrison Metro Center and Princeton Junction. The Company was at the forefront of privatization, with a public/private venture to commercialize development sites at Picatinny Arsenal, an active US Army base.From a $30 million asset base, the company grew to $1 billion in assets and attracted $320 million of equity investment from several institutional investors, pension fund managers and high net worth investors. The company's acquisition program concentrated on value-added office, flex and industrial properties. With a 95% occupancy rate in 2007, the Company was recapitalized by its institutional investor in September, 2008.
