Recent Study Finds Total Economic Impacts Attributed to MEPT Investments Equates to $18.1 billion Over Last 34 Years

MEPT Receives Top Ranking in GRESB Benchmark

During the first quarter of 2017, MEPT acquired Kedron Village II, an 157,185 square foot retail center for a total gross purchase price of $30.9 million.
Kedron Village II is located 30 miles southwest of downtown Atlanta in Peachtree City and is adjacent to an existing Fund-owned asset, Kedron Village I, a 93,356 square foot, grocery-anchored retail center acquired in 2011.


JV Closes on Acquisition of Two Rector Street

Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy U.S. LP, in a joint-venture with Cove Property Group LLC have acquired the office building at 2 Rector St. in New York, NY from Kushner Companies and CIM Group LP…

First look: ‘Transformative’ 710-unit residential project planned in South End
Leggat McCall Properties on Monday submitted an expanded project notification form to the Boston Redevelopment Authority that highlights in greater detail the firm’s plans for a "transformative, contemporary development" spanning a full city block in the South End. The project team has named the project the "Harrison Albany Block" and proposed 710 residential units, a 40,100-square-foot office and 14,100 square feet of retail space for a 3.1-acre site in the South End formerly owned by Boston Medical Center…


Latest look at Trammell Crow’s updated Diridon project
A lot has changed in the years since downtown San Jose’s last office tower was built about six years ago. Tech&rsquos influence on workspace design has completely transformed the look and feel of new projects. Wide-open floors are in. So is proximity to housing, services and transit…



 

Property Spotlight

Click on the link below to view or to download a PDF.
"Greening" an Existing Real Estate Portfolio pdf
MEPT's Multi-Family Portfolio pdf
The Octagon, New York, NY pdf

  Featured Project: Hubbard Place



Market: Chicago
Type:Multi-family
Size: 450 units

Hubbard Place is a 43-story, 450-unit multi-family development in the River North neighborhood in Chicago. In 2011, MEPT committed $75.5 million in a joint venture to build the apartment tower, and the project became shell complete in November 2013.

The property has 378,729 square-feet of rentable living space with nearly 400 parking spaces and many attractive amenities. At the end of 2013, Hubbard Place began its initial lease-up phase and achieved 35.6% leased by year end with strong interest from young professionals. The property is now more than 90% leased.

The building is centrally located with proximity to many of Chicago’s major downtown employment hubs including North Michigan Avenue, LaSalle Street, and the West Loop, and multiple transit options are within walking distance.


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