Prominent Real Estate Investor, Asher Zamir, Zamir Equities, Influenced by Rutgers Regional Report, Results in Successful Sou...
March 29 2017 - 6:00AM
Business Wire
In December 2012, Dr. James W. Hughes, Dean, Edward J. Bloustein
School of Planning and Public Policy, Rutgers University, and his
colleague, Dr. Joseph J. Seneca, published, Reinventing the New
Jersey Economy: New Metropolitan and Regional Employment
Dynamics.
The Rutgers Regional Report indicated New Jersey’s office-based
economy, such as office parks and post-industrial complexes,
required a significant transformation in order to once again become
competitive and thrive.
Encouraged by the revolutionary report, and relying on his
instincts, prominent real estate investor, Asher Zamir, Founder and
Chairman, Zamir Equities, challenged his firm’s acquisition team to
refocus their efforts on the South Jersey commercial real estate
market. The result: the successful acquisition of six Class A
office buildings in Mt. Laurel, including five properties in the
Laurel Corporate Center (Midlantic Drive, Mt. Laurel), and 1000
Bishops Gate (Bishop Gate Corporate Park).
“Looking through the lens of the Rutgers’ report, coupled with
our proprietary Zamir Equities analysis, reinforced our South
Jersey investment strategy,” said Asher Zamir. “Although Laurel
Corporate Center and 1000 Bishops Gate were not our first South
Jersey purchase, it remains our largest and most significant
acquisition in the South Jersey commercial real estate market.
Just 15 miles from Philadelphia City Hall, the six Zamir
Equities-owned assets include, 2000 Midlantic Drive, a 4-story
121,658 square foot, Class A office building; 4000 Midlantic Drive,
a 3-story, 46,945 square foot, Class A office building, 9000
Midlantic Drive, a 3-story, 67,299 square foot, Class A office
building; 10000 Midlantic Drive, a 4-story, 186,908 square foot,
Class A office building; 15000 Midlantic Drive, a 2-story, 84,056
square foot, Class A office building and 1000 Bishops Gate
Boulevard, a 53,281 square foot, Class A office building.
For these acquisitions, Zamir Equities used the advisory and
transactions services of CBRE, Inc.
According to Executive Vice President, Jon C. Sarkisian, “Zamir
Equities understands the commercial real estate investment
strategies that may have worked in South Jersey in the past, can no
longer be relied on to work in the future.”
Asher Zamir continued, “As evidence of Dr. Hughes’ breakthrough
report, and through significant and specific transformational
changes, within a year of our purchase, we grew the overall
occupancy from 83% to an impressive 95%.”
About Zamir Equities
Founded by Asher Zamir in 2003, Zamir Equities is a privately
held New York City-based, integrated real estate private equity
firm. Currently, Zamir Equities cumulatively owns and manages in
excess of $300 million worth of properties, encompassing more than
1.5 million square feet. Recognized for their astute acquisition
proficiency, along with unparalleled real estate management,
leasing and marketing experience, Zamir Equities specializes in
risk-adjusted market returns in both undervalued and stabilized
real estate assets. Zamir Equities is headquartered in the heart of
midtown Manhattan in the Fred F. French Building, a magnificent
38-story art deco building erected in 1927, and listed on the U.S.
National Register of Historic Places.
About CBRE
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (based on 2016
revenue). The company has more than 75,000 employees
(excluding affiliates), and serves real estate investors and
occupiers through approximately 450 offices (excluding affiliates)
worldwide. CBRE offers a broad range of integrated services,
including facilities, transaction and project management; property
management; investment management; appraisal and valuation;
property leasing; strategic consulting; property sales; mortgage
services and development services. Please visit our website at
www.cbre.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170329005161/en/
Zamir EquitiesTodd Techananalert,
212-277-6477media@zamirequities.comorCBREBailey Hall,
215-561-8921bailey.hall@cbre.com
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