Value Companies sells Franklin Township center.Value Asset Management, an affiliate of Value Companies, has announced that it has sold HSRC HSRC Human Sciences Research Council (Republic of South Africa) HSRC Highway Safety Research Center (University of North Carolina, Chapel Hill) HSRC Hazardous Substance Research Center Properties, Inc., owner of the 44,000 s/f Value Center located at the corner of Franklin Boulevard, and Hamilton Street in Franklin Township Franklin Township is the name of many places in the United States: Indiana
See:
Affiliates of Value Companies originally purchased the asset 18 years ago, in 1989, and have significantly enhanced its value by repositioning what was previously a dated auto care facility into a vibrant neighborhood retail center. The center includes popular retail chains such as Kentucky Fried Chicken Fried chicken is chicken which is dipped in a breading mixture and then deep fried, pan fried or pressure fried. The breading seals in the juices but also absorbs the fat of the fryer, which is sometimes seen as unhealthy. and Dairy Queen Dairy Queen (also known as DQ) is an ice-cream shop and fast-food restaurant franchise based in the United States and founded in 1940. For many years the franchise's slogan was "We treat you right!" In recent years, it has been changed to "DQ something different. and a new Walgreens store that opened in 2003, among other popular neighborhood retailers. A spokesman for The Hamilton Street Business Community Corporation (HSBCC), Franklin Township's special improvement district, stated that Value has been "a committed participant in continuing to improve the downtown area." Over the last few years, various members of Value's property management division have been active on the board of HSBCC, including recently chairing its retail subcommittee. Known predominantly as a residential real estate company, the recent sale exemplifies Value's capabilities in owning, developing and managing retail and mixed-use properties as well. "As our portfolio continues to grow in size and type of use, this asset sale demonstrates our strategy of investing in strong long-term real estate and leveraging our management expertise to maximize the value of each asset," stated Jack Linefsky, director of operations. "We remain committed to expanding our commercial portfolio, but believe we have realized the full value of HSRC Properties," said Jonathan Moore, vice president of Value Companies. "We will look to redeploy re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. the capital into other residential, commercial or mixed-use acquisitions." Founded in 1952, Value Companies is a development, investment and management company headquartered in Clifton, N. J. It's portfolio exceeds 3,500 residential units throughout New Jersey, Pennsylvania, New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. and Florida. the finn has embarked on $100 million in new development across the rental, condo and urban mixed-use sectors. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion