Patriot Acquires 1.1 Million Sq. Ft. Portfolio from Crown Cork & Seal

February 2, 2007, 08:27 AM

With assets in Chicago, IL and Omaha, NE, the transaction increases Patriot’s real estate holdings by more than 1,000,000 square feet to a total of approximately 2,500,000 square feet. By selecting Patriot, Crown was able to dispose of a diverse group of assets to a single purchaser. Patriot overcame environmental challenges, as well as varying degrees of occupancy and geographic dispersion to meet the aggressive year end timing requirements of the seller.

PORTFOLIO HIGHLIGHTS:

1. Chicago, IL

550,000 square feet of manufacturing, warehouse and R&D space, 90% leased back to Crown for 7 years; additional expansion available.

2. Omaha, NE

340,000 square feet of manufacturing and warehouse space, 30% leased back to Crown. The balance of the building and additional land will be redeveloped.

Rafting, Rock Climbing, and Paintball…

September 21, 2006, 04:25 AM

In September, the Patriot acquisitions team held the first team building retreat at Ohiopyle State Park in Western, PA. The weekend was filled with White Water Rafting, Rock Climbing, and Paintball.
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CoreNet Global Spring Summit’s Community Reinvestment Challenge

April 21, 2006, 01:12 AM

On 21-22 April 2006, Patriot Equities was the T-Shirt sponsor when the Greater Philadelphia Chapter of CoreNet Global teamed up with Please Touch Museum for the 2006 CoreNet Global Spring Summit’s Community Reinvestment Challenge (CRC). Together the organizations’ decided to support two local Parkside community initiatives, the East Parkside Residents’ Association (EPRA) and West Parkside Community Recreation Center. Over the two days, rain or shine, volunteers from CoreNet Global, Please Touch Museum and local residents conducted intense mini-makeovers in the Parkside neighborhoods.
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