Northstar Commercial Partners

Northstar Commercial Partners
Private
Industry Real estate
Founded 2000 (2000)
Founder Brian Watson
Headquarters Denver, Colorado, USA
Area served
 Nation wide
Key people
 Brian Watson (CEO)
Website northstarcommercialpartners.com

Northstar Commercial Partners is an American commercial real estate investment company headquartered in Denver, Colorado. Founded by Brian Watson in 2000, the company acquires distressed commercial real estate or vacant properties and rehabilitates them for lease or use.[1][2]

History

Watson is a former manager and director at Cushman & Wakefield.[3][1] In 2014, Northstar founded the Education Opportunity Fund, a $100 million real estate investment fund for identifying and restoring old retail or education buildings, which are then leased to charter schools.[4] In addition, Northstar restores and leases other types of properties, such as warehouses, manufacturing centers, commercial offices, retail space, and senior care and medical facilities.[2][5] In 2015, the firm launched Northstar Real Estate Opportunity Fund II, a $300 million private equity fund focused on institutional and private qualified or accredited investors.

Acquisitions

Date Estate Owner Amount References
2016 Vacant property in Stapleton, Co. Public $137 million [6][7]
2015 24-property portfolio (12 US states) Moshe Silagi $224 million [3][8][9][10]
2015 CoBank building CoBank $16 million [11][12]
2015 Locations in Atlanta Grease Monkey [13][14][15]
2014 Former furniture store $13.5 million [16][17]
2014 Gillingham Distribution Center (Sugar Land Business Park) [18]
2014 Aurora Medical Pavilion Public $3.4 million [19]
2014 Cherry Creek Place Building Cassidy Turley $13.5 million [20]
2014 Vacant building (tospital housing) Public [21]
2013 Retail Development Near Red Rocks, Co. Public $2.7 million [22]
2013 Innovation Pavilion Building (Centennial, Colorado) Vic Ahmed $5 million [23][24]
2013 3840 S. Wadsworth in Lakewood, CO [25]

See also

References

  1. 1 2 "Investors Take Shine to Charters". The Wall Street Journal. 14 October 2015.
  2. 1 2 "Charter-School Movement Grows—for Real-Estate Investors". The Wall Street Journal.
  3. 1 2 "Moshe Silagi Sells 24-Property Portfolio For $224 Million". The Wall Street Journal.
  4. ↑ "Northstar Commercial launches $100 million education fund". Denver Business Journal. 21 October 2014.
  5. ↑ Perlman, Matthew (August 4, 2015). "Northstar Commercial Launches $300M PE Real Estate Fund". Law360.
  6. ↑ Dolce, Natalie (April 26, 2016). "Northstar Commercial Partners Enters Senior Care Space".
  7. ↑ "Northstar Commercial Partners Enters Senior Care and Medical Facilities Space, Breaks Ground on Premier Senior Living Community in Denver Area Neighborhood".
  8. ↑ Armbrister, Molly (October 8, 2015). "Denver, New York firms buy $224 million real estate portfolio". Denver Business Journal.
  9. ↑ "Northstar Makes Major $224M Portfolio Buy". Globe St.
  10. ↑ "Northstar Acquires Office-Industrial Portfolio for $224 M". Bloomberg.
  11. ↑ Armbrister, Molly (July 23, 2015). "Northstar Commercial buys CoBank building in Greenwood Village for $16 million". Denver Business Journal.
  12. ↑ "Northstar Buys CoBank Headquarters". July 23, 2015.
  13. ↑ "Grease Monkey expanding in metro Atlanta". AJC.com. March 31, 2015.
  14. ↑ Armbrister, Molly (March 31, 2015). "Northstar Commercial Partners Facilitates Grease Monkey Expansion In Atlanta". Denver Business Journal.
  15. ↑ "Northstar Facilitates Grease Monkey Expansion". Ratchet + Wrench. April 2015.
  16. ↑ Huspenis, Dennis (June 26, 2014). "Northstar Commercial grabs another Aurora building". Denver Business Journal.
  17. ↑ Mitchell, Megan (March 14, 2014). "Afrikmall in Aurora to hold groundbreaking event March 29". The Denver Post.
  18. ↑ "Real estate transactions". Houston Chronicle. August 23, 2014.
  19. ↑ Vuong, Andy (April 10, 2014). "Northstar Commercial Partners buys former Aurora Medical Pavilion in prime location". PR Newswire.
  20. ↑ "Northstar Buys Cherry Creek Place I in Latest Aurora Deal" (PDF). Centennial Realty Advisors. June 23, 2014.
  21. ↑ Johansson, Brandon (April 10, 2014). "Development group buys vacant building with aim to build hospital housing".
  22. ↑ Raabe, Steve (October 25, 2013). "Denver investor to resurrect failed retail development near Red Rocks". The Denver Post.
  23. ↑ Vuong, Andy (July 9, 2013). "Innovation Pavilion building bought for $5 million, expansion in works". The Denver Post.
  24. ↑ Huspenis, Dennis (July 10, 2013). "Northstar buys Innovation Pavilion building, plans to spur startups". Denver Business Journal.
  25. ↑ Huspenis, Dennis (October 29, 2013). "Northstar grabs Lakewood office complex". Denver Business Journal.
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