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IN THE THIRD QUARTER, MEPT ACQUIRED 200 WEST MADISON, A 928,040 SQUARE FOOT, CLASS A OFFICE BUILDING IN CHICAGO’S WEST LOOP NEIGHBORHOOD, FOR A TOTAL PRICE OF $217.5 MILLION
The acquisition helps MEPT achieve its strategic objective of increasing the Fund’s allocation to central business district offi ce assets as it reduces its suburban offi ce weighting. Th e 45-story building has excellent access to public transportation; is a short walk to restaurants...

IN SEPTEMBER, MEPT ACQUIRED PENN MAR SHOPPING CENTER FOR A GROSS PURCHASE PRICE OF $60.2 MILLION
Penn Mar Shopping Center, a 387,028 square foot grocery-anchored center, is located in a densely populated submarket of Washington, D.C., which has solid demographics. Th e retail asset is 95 percent leased to a mix of discount and convenience retailers. Anchored by Shoppers Food & Pharmacy, Penn Mar Shopping Center’s other retailers include Burlington Coat Factory, Dollar Tree, Staples, Party City and Petco...

MEPT ACQUIRED ENSO PEARL DISTRICT IN PORTLAND, OREGON DURING THE QUARTER FOR A GROSS PURCHASE PRICE OF $55.5 MILLION
The acquisition of Enso Pearl District furthers MEPT’s strategic plan to acquire transit-oriented, multi-family assets in urban, infi ll locations that are attractive to the “Echo Boom” population. Enso Pearl District’s unit mix is weighted to studio and one-bedroom units, which fi ts well with this demographic...


MEPT Pays $218M for Chicago's 200 W. Madison
Multi-Employer Property Trust has purchased of 200 W. Madison, a 928,040-square-foot class A office building in Chicago's West Loop neighborhood, for $217.5 million…

BVT Sells 10 Southeast Centers
BVT Management Service Inc. finalized the sale of an 842,255 square foot retail portfolio to Multi-Employer Property Trust, a $4.7 billion real estate equity fund…

Deluxe Media Leases 229,000 SF for Logistics
Deluxe Media Management has leased a 229,450-square-foot industrial building at Vista Business Park in Valencia here from Multi-Employer Property Trust in what is believed to be the largest industrial building lease in the Santa Clarita/San Fernando Valley area this year.

 

Press Coverage - 2011
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Publication   Headline: Short Excerpt   Date

Globe Street

 

MEPT Pays $218M for Chicago's 200 W. Madison

Multi-Employer Property Trust has purchased of 200 W. Madison, a 928,040-square-foot class A office building in Chicago's West Loop neighborhood, for $217.5 million…

  September 2011

Institutional Investor


 

MEPT Buys Chicago Property For $218M

Multi-Employer Property Trust (MEPT) has acquired 200 West Madison in Chicago for $217.5 million…

  September 2011

Globe Street

 

MEPT Pays $217M for Chicago High Rise

Multi-Employer Property Trust (MEPT) purchased the 45-story office building in an all cash transaction for $217.5 million, or about $234 per square foot…

  September 201

City Biz Real Estate

 

The Amundsen Group Signs Lease at Burlington Centre

Multi-Employer Property Trust has signed The Amundsen Group, pharmaceutical sales and marketing consultants, to a new lease at 35 Corporate Drive in Burlington, Mass for 15,556 square feet…

  September 2011
Crains
 

Buyer pays $217.5 million for 200 W. Madison

A pension fund said Wednesday that it paid $217.5 million for the 45-story office building at 200 W. Madison St., one of several big downtown office sales this year. Crain's reported in August that the Multi-Employer Property Trust was buying the 928,000-square-foot building…

  September 2011
Chicago Tribune  

Chicago tower 200 W. Madison sold for $217.5 million

…Multi-Employer Property Trust, a $5.1 billion fund owned by more than 350 public employee and corporate pension plans, said it acquired the West Loop tower from a joint venture that includes Tishman Speyer, Pearlmark Real Estate Advisors LLC and "a major U.S. pension plan."…

  September 2011

Commercial Property Executive (CPE)

 

MEPT Spends $217.5M for Chicago's 200 W. Madison

… Hot off the heels of the iconic Wrigley Building's sale, Multi-Employer Property Trust has purchased Chicago's 45-story 200 W. Madison Ave. from a joint venture that includes Tishman Speyer, Pearlmark Real Estate Advisors L.L.C. and a major U.S. pension plan…

  September 2011
Bloomberg  

Tishman Speyer Venture Sells Chicago Tower for $217.5 Million

A joint venture including Tishman Speyer Properties LP sold a 45-story office tower in downtown Chicago to real estate equity fund Multi-Employer Property Trust for $217.5 million…

  September 2011

Retail Traffic

 

 

BVT Sells 10 Southeast Centers

BVT Management Service Inc. finalized the sale of an 842,255 square foot retail portfolio to Multi-Employer Property Trust, a $4.7 billion real estate equity fund…

  August 2011

The Signal

 

Deluxe Media leases in Valencia

…The Vista Business Park is a four-building complex totaling 750,000 square feet within the larger Valencia Commercial Center, developed by IDS and funded by Multi-Employer Property Trust, or MEPT…

  August 2011
Globe Street


 

Deluxe Media Leases 229,000 SF for Logistics Deluxe

Media Management has leased a 229,450-square-foot industrial building at Vista Business Park in Valencia here from Multi-Employer Property Trust in what is believed to be the largest industrial building lease in the Santa Clarita/San Fernando Valley area this year.

  August 2011
Multi-Family Executive  

Foreign Investors Increasingly Eye U.S. Multifamily, Despite FIRPTA

…CPPIB … is also partnering with Washington, D.C.-based Multi-Employer Property Trust on a new 24-story high-rise complex in downtown Seattle called Sixth and Lenora…

  August 2011

St. Louis Today

 

Daily Updates

Jones Lang LaSalle represented The Multi-Employer Property Trust in the lease of 103,000 square feet of industrial space at the Gateway Commerce Center in Edwardsville…

  June 2011

World Construction Network

 

Boeing to build $46 million building in Maryland

Boeing will construct the facility in association with Trammell Crow Company. The building will be owned by Multi-Employer Property Trust (MEPT)…

  June 2011
CityBiz Real Estate (Maryland)
 

MEPT Developing $46.1M Facility for Boeing in Germantown, MD

Boeing [NYSE: BA], together with developer Trammell Crow Company (TCC) and building owner Multi-Employer Property Trust (MEPT), have started construction on a five-story, 162,000-square-foot office and manufacturing facility at Milestone Business Park in Germantown, MD…

  June 2011

Washington Business Journal

 

 

Construction to begin on Germantown tech building

The Boeing Co., Trammell Crow Co. and Multi-Employer Property Trust will break ground Wednesday on Digital Receiver Technology Inc.'s 162,000-square-foot facility at 12409 Milestone Center Drive in Germantown…

  June 2011

Environmental Protection

 

First Fuel Cell to Power Residential Building in New York Installed in Roosevelt Island

The Octagon, a LEED Silver 500-unit apartment community on Roosevelt Island, made green history by becoming the first residential building in the State of New York to be powered and heated by a 400 kW fuel cell from UTC Power… The Octagon fuel cell required a significant upfront investment by the building's primary investor, MEPT…

  May 2011
Globe Street

 

Daily Updates

Exxel Outdoors acquired 341-345 Baldwin Park Blvd. in the City of Industry from Bentall Kennedy US for $8.2 million…

  May 2011
Komo News, Seattle  

Wesbild sells Westwood Village, Burien Town Plaza

Bentall Kennedy acquired Westwood Village on behalf of Multi-Employer Property Trust (MEPT)…

  April 2011

Montgomery County Gazette

 

URS leases 91,350 square feet in Germantown

URS, a global engineering design firm in San Francisco, plans to move its local offices from Gaithersburg to Germantown in June, according to its new landlord, Multi-Employer Property Trust…

  March 2011
The CoStar Group
 

URS Leases 91,350 SF in Germantown

URS inked a 91,350-square-foot office deal at the Milestone Business Park in Germantown, MD. The global engineering design firm will occupy four floors at Milestone IV upon completion of its new space in June. …Milestone IV is a 156,508-square-foot, six-story, LEED Gold office structure at 12420 Milestone Center Drive… Multi-Employer Property Trust, Milestone IV's owner.

  February 2011

Pensions and Investments

 

 

Bentall Kennedy names portfolio manager

David Antonelli was named portfolio manager of Bentall Kennedy (US)' $5.5 billion Multi-Employer Property Trust, an open-end core fund, said Mike McKee, CEO…

  February 2011

Daily Journal of Commerce - Oregon

 

Subaru signs huge build-to-suit Portland lease

Subaru of America signed a lease for a 413,700-square-foot building in North Portland, Grubb & Ellis announced last week. …The development is being constructed on 114 Port of Portland-owned acres adjacent to Terminal 6, the port's marine container terminal. Trammell Crow and Multi-Employer Property Trust, the developers of the center, lease the property from the port …

  January 2011
The Portlander

 

Subaru Plans Move and Major Expansion in Portland

Subaru's new building will be the second project within a growing logistics center known as Rivergate Corporate Center III… …Multi-Employer Property Trust (MEPT)…has a Master Development Agreement with the Port for Rivergate Corporate Center III.

  January 2011
Portland Business Journal  

Subaru inks blockbuster deal at Rivergate

Subaru of America Inc. will more than double its Portland presence after inking a 10-year deal for a custom-built, 413,700-square-foot auto parts distribution, training and office complex on a 19.3-acre site at Rivergate Corporate Center III. … Rivergate, which is owned the Multi-Employer Property Trust…

  January 2011



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