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Larry R. Kramer
(623) 606-7007

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EXPANDOPEN MORE STORES OR CLOSE EXCESS SPACE
REALTY ONE GROUP
GOODYEAR, AZ 85395

Larry One Realty "The more miles we put into our business and personal lives, the
better prepared we are in accomplishing our goals. I am proud of
my Resume, which is my track record."

Larry Kramer has had years of experience in dealing with all phases of leasing space, investments, land, and consulting.

Each tenant has their own unique needs and Larry is a good listener, than he takes his tenants needs and packaging them together for success.

First of all, Larry thinks as a businessman having owned a company with three stores and a number of salesmen from Hawaii, Massachusetts and California.

He then couples his business and college BS degree in marketing from the University of Indiana and couples his extensive years in the field of real estate. This sets himself apart from the majority of Commercial Real Estate agents

Here are a couple examples: When representing a tenant, he remains involved throughout the entire length of the lease. This means if there are disagreements with the landlord, he will battle, at no charge, with the landlord as a representative of the tenant. In a nice way, he is the bad guy and not the tenant.

If the tenant wants to work on upgrading their marketing or expanding, he will assist with brainstorming, putting together a new website and business plan, etc.

Please give me a call or email me at:
Larrykramer3@gmail.com
Office: (623) 606-7007

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Equus Fund Invests $44.15 Million To Buy 223,131 Sq. Ft. of Office Space in Scottsdale

As Reported by BREW.

Scottsdale – Companies formed by Equus Capital Partners Ltd. in Philadelphia, Pa. (Daniel DiLella, pres.) paid $44.15 million ($197.87 per foot blended average) to buy 223,131 sq. ft. of office space in two properties in Scottsdale. The sellers in two separate transactions were non-profit pension fund trusts managed by Lincoln Property Co. in Chicago, Ill. The deal was brokered through Barry Gabel and Chris Marchildon of CBRE in Phoenix, along with Kevin Shannon, Ken White and Michael Moore of CBRE in Los Angeles, Calif. Equus Capital Partners, formerly known as BPG Properties Ltd., is a private equity fund real estate manager with $4 + billion of assets under its management. The firm’s current portfolio includes 24 + million sq. ft. of office, industrial and retail properties and almost 17,000 apartment units located across the country.

The Scottsdale office acquisitions were made on behalf of BPG Investment Partnership IX L.P., Equus’ $310 million private equity fund (Fund IX). Here are the details on the transactions: IP9 Mountain View LLC paid $24.15 million ($207.83 per foot) to buy 92 Mountain View, a 116,200-square-foot office building located at 10001 N. 92nd Street. The seller was TR 92 Mountain View Corp. The two-story structure, which was developed in 1996, is fully leased to CVS Caremark. In the other sale, IP9 Scottsdale Gateway LLC paid $20 million ($187.04 per foot) to acquire Scottsdale Gateway I, a 106,931-square-foot office at 9201 E. Mountain View Road. The seller was TR Scottsdale Gateway I Corp. That two-story building, which is across the street from the other project, was built in 1998 and is 91 percent occupied. Bryan Taute of CBRE has been awarded the leasing assignment for the new owner. Maricopa County records show the Equus companies acquired the properties with a $28.1 million loan from PNC Bank. In November 2006, BREW reported the previous owner of the Scottsdale office projects paying a combined $52.25 million ($235.29 per foot blended average) to purchase the buildings in two separate deals. At that time, the non-profit trusts were managed by KBS Realty Advisors LLC in Newport Beach, Calif.

As reported by BREW, TR 92 Mountain View Corp. paid $28 million ($240.90 per foot) to acquire 92 Mountain View, and TR Scottsdale Gateway I Corp. paid $24.25 million ($226.78 per foot) to buy Scottsdale Gateway I. With the acquisitions, Equus has invested $97.4 million to buy four office properties in Scottsdale totaling 551,453 sq. ft. In March 2012, BREW reported BPG Properties paying $34.25 million ($153.17 per foot) to purchase Lincoln Towne Centre, a 223,605-square-foot office project at 4150 N. Drinkwater Boulevard. In August 2008, BREW reported BPG Properties paying $19 million ($181.44 per foot) to acquire Scottsdale Financial Center I, a 104,949-square-foot office project located at 4110 N. Scottsdale Road. Jonathan Praw is the contact for Equus in the company’s office in Los Angeles . . . call him at (301) 725-8435. Jenifer Ratcliffe of Lincoln Property Co. in Chicago is at (312) 345-8780. David Krumwiede of Lincoln Property Co. in Phoenix is at (602) 912-8888. Call the CBRE agents in Phoenix at (602) 735-5555.

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