Real Capital Solutions Purchases Liz Claiborne Headquarters in North Bergen, NJ
Louisville, CO (PRWEB) July 03, 2013 -- Real Capital Solutions, a nationally-focused investor of work-out and value-add properties, announced the purchase of 5901 West Side Ave. in North Bergen, New Jersey. Originally developed as headquarters for Liz Claiborne, the eight-story, 300,000 square-foot tower is a Class A office building and will be offered for multi-tenant use for the first time. The West Side Center presents an opportunity for large-size tenants to secure a corporate facility at competitive pricing, in the heart of the New Jersey Meadowlands.
Real Capital Solutions (RCS) has appointed Cushman & Wakefield as leasing agent for West Side Center, with CBRE named as property manager. According to Curtis Foster, one of the Cushman & Wakefield team members appointed to market the commercial building, “RCS’s vision for the building will further distinguish it in the marketplace. The structure has a dramatic, five-story atrium lobby and RCS will capitalize on this to create a trendy, modern environment reminiscent of New York City’s Chelsea Market”. Foster added that “With Fifth & Pacific Companies remaining in place as anchor tenant, West Side Center is well positioned to draw a desirable tenant mix.”
Developed in 1993, the building has a great technology infrastructure, large adaptable floor plates, 14-foot ceiling heights and on-site amenities worthy of a premier executive and corporate setting. Premier amenities include a fitness center with private classes, country-club style locker rooms and a rooftop basketball court plus a professionally managed café with seating for 280 people. Other key features include conference space, on-site guard service, covered parking and direct bus service to Manhattan.
With the purchase of 5901 West Side Ave., Real Capital Solutions continues its mission of creating exceptional value in real estate, allowing the company to do what they do best, buying and restoring value. Under the direction of company founder and CEO Marcel Arsenault, the company has purchased and managed more than 200 commercial and residential deals totaling more than $2 billion over the past 29 years and completed work-outs on over 10 million square feet of property.
According to Arsenault, “We have a strong understanding that most problems in the real estate business are solved with expertise, not more money. As a result, our track record is extremely strong, which has raised trust among partners and lenders alike. Unlike many private equity investors, our success has been built on combining good people with good projects.”
Real Capital Solutions has a strong presence in a full array of real estate acquisitions and manages four separate divisions with teams in place that have extensive experience managing their specific areas of focus including: Commercial Capital Solutions, Apartment Capital Solutions, Condo Capital Solutions and Homebuilder Capital Solutions. Moving forward, using over $140 million of their own capital, Real Capital Solutions will place their focus on specific strategic initiatives where their expertise is deepest, their ability to add value is greatest and where they can leverage their demonstrated expertise and deep knowledge in each of these initiatives.
About Real Capital Solutions
Real Capital Solutions and its predecessor, Colorado & Santa Fe Real Estate, were founded by Marcel Arsenault in 1984. Over the past 29 years, RCS has evolved into a nationally-focused investor of value-added, workout and distressed assets. In 2012 RCS acquired over $200 million of commercial, condominium and homebuilding projects from California to New Jersey. RCS plans to acquire $333 million of projects in 2013, $400 million in 2014 and $450 million in 2015. For more information about Real Capital Solutions, visit http://www.realcapitalsolutions.com.
Karla Martin, Real Capital Solutions, http://www.turquoisetrailhomes.com, 303-533-1641, [email protected]
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