PROJECT SIZE:
188,000 square feet

ACQUIRED:
May 2006

DEVELOPMENT PLAN:
Purchased this office/industrial flex park at 30% occupied in May 2006. Since acquisition, an aggressive leasing and capital improvement plan has been instituted to take advantage of this property’s competitive location and market segmentation. As of May 2007, project is approximately 90% occupied.

EQUITY PARTNER:
Assurant (AIZ: NYSE)
New York, New York

SPL ROLE:
Owner/Property Manager