Current Portfolio


NEW ENGLAND SPORTS VILLAGE, ATTLEBORO, MA

Ajax, in conjunction with 5 Capital Management, acquired 104 acres and a 35 acre purchase option adjacent to Interstate 95 in Attleboro, MA. Plans are in place and the developers are permitted to develop the New England Sports Village, which will include a world class aquatics facility, a top-of-the-line ice arena, a state-of-the-art field house, a limited service hotel, and related retail and restaurant facilities. Construction of the ice facility has been completed and the facility has been up and running since the Fall of 2016. See More...

 


 

54 MACDOUGAL STREET SOHO, NEW YORK, NY

Ajax, in partnership with a high net worth investor, is developing a small ground-up condominium project. Construction is on going with anticipated completion in October of 2017.


 

 

87 LEONARD STREET TRIBECA, NEW YORK, NY

Ajax recapitalized a project to re-develop a 35,000 square foot building into luxury condominiums. Ajax provided advisory services for the recapitalization and made a principal investment.

 

 

 


 

35 united Drive, west bridgewater, ma

Ajax, in conjunction with a high net worth investor, purchased a 620,000 square foot office and industrial property. The industrial is fully leased and Ajax is in the process of leasing up the office portion. Partnering with a solar array developer, Ajax financed and constructed a 4 megawatt solar project on the roof, the largest rooftop solar array in Massachusets.

 


 

 

230 WEST 123RD STREET, NEW YORK, NY

Ajax acquired a first mortgage note on a 15 unit multifamily building. Upon foreclosure, rents have increased in excess of 25% with expenses declining slightly. With a substantial increase in cash flow, Ajax was able to refinance in the amount of its initial investment, with long term debt and continues to own the property. See More...

 

 

 

 

 

 


Prior Transactions


 

509 VINE STREET, PHILADELPHIA, PA

Ajax acquired and oversaw the historic renovation of a 45,000 square foot, six-story, industrial warehouse. The warehouse was converted into 44 loft apartments and 6,000 square feet of commercial space. Ajax and a partner managed the property and Ajax sold its stake in the project in 2017. See More...

 


NORTHWOOD CENTRE, TALLAHASSEE, FL

Ajax, in conjunction with an institutional partner, acquired a 494,000 square foot office and retail property that was converted from a regional mall. Ajax repositioned the retail component of the property and maintained occupancy at close to 100% through a challenging market. See More...

 


 

1700 MARKET STREET, PHILADELPHIA, PA

Ajax, in conjunction with and institutional partner, acquired a senior interest in a mezzanine loan on an 841,000 square foot office building. Ajax acquired the interest at a discount and sold it at par.

 


 

BROOKSIDE MILL, WESTford, MA

Ajax completely re-developed an old mill building into a 35 unit condominium project. Ajax designed and built the project around a river and hydro-electric plant. The project was sold in its entirety within a year of opening. 

 


 

 

PENN MUTUAL TOWERS & WASHINGTON SQUARE GARAGE, PHILADELPHIA, PA

Ajax, through a fund and institutional investor, orchestrated the acquisition of an 880,000 square foot office development as well as a 600 space parking garage. The property is well located and is the premier office building in its sub-market. The project was acquired at a significant discount to replacement cost.

 

 

 

 


 

Lovejoy wharf, boston, ma

Ajax entered into a five-year development, joint venture agreement with an institutional equity partner for the historic renovation and new construction of two waterfront industrial buildings. The 400,000 square foot development includes 240 luxury condominiums, office and retail space, and a state-of-the-art automated parking garage. After substantial pre-development work, the project was sold to an institutional development firm. 

 



DREW COURT, KING OF PRUSSIA, PA

Ajax, in conjunction with high net worth individuals, acquired a 148,000 square foot, flex industrial building.  Ajax was able to maintain close to 100% occupancy throughout a nine year ownership period.  The property was sold at a profit.



 

 

558 LAFAYETTE AVENUE, BROOKLYN, NY

Ajax acquired a first mortgage note on an 8 unit, multifamily property. Ajax eventually foreclosed and took control of the property. After an intensive asset management program, Ajax sold the property at a substantial profit. See More...

 

 

 

 

 



351 evergreen avenue, Brooklyn, ny

Ajax acquired a first mortgage on an 11 unit, mixed use building and foreclosed on the borrower. Within one month of management control, all deferred maintenance issues were addressed, leases were established, and rent roll was increased by 20%. Ajax sold the property at a significant profit.