Ten-parcel off-market land assembly executed by the Calvano Development team totaling 7.8 acres and more than
$48M in land acquisition resulting in the redevelopment of eight sub-prime industrial building into one class-A 123,000RSF office building. Upon securing all purchase agreements and negotiating lease terminations, Calvano entered into a joint venture with the Carlyle group to complete the capitalization of the project and upon obtaining final entitlements the project was leased to Alphabet Inc. (Google). Construction concluded in early 2018 and the project was sold in March 2018 for $169M.
Primary responsibilities include:
- Purchase and sale contract administration
- Joint venture accounting (sponsor side)
- Facilitated an LOI for $190M upon stabilization through personal network