Sample Deal History
Over the past 25 years Somerset’s principals have been involved in the acquisition, development, and financing of dozens of properties. Representative transactions by our principals include:
Office
- White Plains Office Portfolio, Westchester County, NY: 600,000 SF, 4 suburban mid-rise buildings.
- 1818 Market Street, Philadelphia, PA; 800,000 SF, CBD high-rise.
- Suburban Office, Chicago, IL: 250,000 SF, suburban mid-rise.
- Widener Building, Philadelphia, PA, historic renovation: 550,000 SF CBD high rise office.
- Commerce Corporate Center, Allentown, PA: 190,000 SF suburban office.
Industrial
- Mixed-Use Business Center, Las Vegas, NV: 1,500,000 SF in 16 suburban low-rise office buildings, plus three industrial warehouse buildings.
- West Side Industrial, Allentown, PA: 200,000 SF drug packaging facility.
- Hartsfield Road Warehouse, Tallahassee, FL: 90,000 SF distribution facility.
- Westridge Warehouse, New Berlin, WI: 217,000 SF distribution facility.
- Keyser Valley, Scranton, PA: 270,000 SF distribution center.
Retail
- Daytona Beach, FL: 346,000 SF, Publix, Beall’s, Walgreen’s.
- Houston, TX: 112,000 SF, Randall’s, Sears Hardware.
- Tampa, FL: 424,000 SF, Publix, Beall’s, K-Mart anchored.
- Cocoa, FL: 79,000 SF, Winn Dixie, Family Dollar.
- Rockledge, FL: 146,000 SF Publix, and vacant Walmart.
Multi-Family
- Edgewater, NJ: 201 unit luxury, mid-rise.
- Raleigh, NC: 384 unit value-add, garden-style apartments.
- Furnished Corporate Suites, Arlington, VA: 100 unit high-rise.
- Arbor Keys, Tamarac, FL: 232 unit value-add, garden-style apartments.
- Owings Manor, Baltimore, MD: 791 unit value-add, garden-style apartments.
Loan Workout
- Philadelphia, PA: $38 million, 400,000 SF CBD high-rise office building.
- Mt. Laurel, NJ: $8 million, 100,000 SF suburban mid-rise office building.
- York, PA: $20 million, 250,000 SF, anchored shopping center.
- Herndon, VA: $50 million, 183 unit mid-rise apartment property.
- Memphis, TN: $16 million, garden apartment property.