"From the first time I walked the building, I was intent on acquiring this unique asset. I look forward to building on AMC's past success by enhancing the amenity offerings and driving future leasing," says Mark Meisner, principal of The Birch Group.
EverWest purchased the property and secured a long-term lease agreement with the laminating, coating and metallizing technology at the building located at 12 Daniel Road.
The firm plans to redevelop the property at 226 W. Jackson Blvd. into a dual-branded hotel, with a 135-room Hilton Garden Inn and a 214-room Canopy by Hilton.
The financing will help fund continued improvements at the 313-unit, 16-story Downtown Orlando multifamily property that also features 45,510 square feet of retail space anchored by a Publix supermarket.
The Lake Point Tower Condominium Association Board in a unanimous vote, as well as a supermajority of unit owners, recently adopted two amendments to prevent the building from being changed back into apartments.
Governor Murphy nominees Janine G. Bauer and Balpreet Grewal Virk, upon confirmation from the New Jersey Senate, will collectively serve as New Jersey's representatives, along with Jerry Zaro, the current chairman of the Gateway Program Development Corp.
The 230,000-square-foot office property at 25 Vreeland Road was acquired by ACG, according to Colliers International Group, Inc., which represented both the buyer and the seller in the transaction.