Prior Transactions
Multi-Family
87 Leonard Street, Tribeca, New York, NY
Ajax recapitalized, invested along-side a high-leveraged lender, acted in a special servicer and construction management capacity and for the re-development of a 35,000 square foot luxury condominium project. Project was successfully completed and sold.
54 MacDougal Street Soho, New York, NY
Ajax, in partnership with a high net worth investor, completed the ground-up development of this four unit, luxury condominium project in 2018 and sold all the units in 2019. The project was a catalyst for transforming the King Street area into a thriving neighborhood.
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.
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.
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.
Lovejoy Wharf, Boston, MA
Ajax purchased two dilapidated industrial buildings on the Boston waterfront with an institutional joint venture partner. The business plan was to renovate one building into an mixed-use complex and raze the other to build a new condominium project. The 400,000 square foot development included 240 luxury condominiums, 100,000 square feet of office and waterfront retail space. After substantial pre-development work, the project was sold to an institutional development firm which successfully executed the development plan.
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.
Office & Retail
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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.
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.
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.
Industrial
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.
Industrial
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.
Office & Retail
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.
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.
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.
Prior Transactions
Multi-Family
87 Leonard Street, Tribeca, New York, NY
Ajax recapitalized, invested along-side a high-leveraged lender, acted in a special servicer and construction management capacity and for the re-development of a 35,000 square foot luxury condominium project. Project was successfully completed and sold.
54 MacDougal Street Soho, New York, NY
Ajax, in partnership with a high net worth investor, completed the ground-up development of this four unit, luxury condominium project in 2018 and sold all the units in 2019. The project was a catalyst for transforming the King Street area into a thriving neighborhood.
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.
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.
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.
Lovejoy Wharf, Boston, MA
Ajax purchased two dilapidated industrial buildings on the Boston waterfront with an institutional joint venture partner. The business plan was to renovate one building into an mixed-use complex and raze the other to build a new condominium project. The 400,000 square foot development included 240 luxury condominiums, 100,000 square feet of office and waterfront retail space. After substantial pre-development work, the project was sold to an institutional development firm which successfully executed the development plan.
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.