Project Description

Slide

Wells Fargo Center

A Track Record of Success: Acquisition Case Study
0,334
SQ. FT.
$0.8 M
($115 PSF)
0
Acquisition Date

Capital Improvement projects include

Lobby Renovation, Fitness Center, Café, and Conference Center

Occupancy at acquisition

78%

93%

Occupancy at disposition

Sold for

$78M

($201 PSF) in Nov 2014

47.6% project level levered IRR and

2.2x

Equity multiple over 1.9 year hold period

Renovated By Tower Realty Partners

SEE PROPERTY

Joint-venture between Goldman Sachs (Archon) and Feldman Equities / Tower Realty Partners

 22 story Class A office building built in 1985

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