GA Keen Realty Advisors: Advisory and Transactional Services

Accelerated Sales

GA Keen Realty Advisors can critically evaluate a real estate portfolio and develop a real estate marketing plan to expose your property or portfolio to the broadest possible market as quickly as possible, creating a competitive marketing environment among all potential buyers.  

We can sell your real estate using a confidential M&A process, a standard real estate brokerage process, or an auction process.  Under any scenario, our goals include creating a competitive bidding process and providing you with an accelerated timetable for closing.

We can handle all property types:

• Retail (owned and leased sites)
• Office (owned and leased sites)
• Industrial / Distribution Centers
• Multi-Family
• Hospitality
• Land
• Medical
• Special Use
• Environmentally Impacted

Sample List of Brokerage Sales:

• American Italian Pasta
  Sold a 108,000 sq. ft. pasta manufacturing facility in Kenosha, WI, for $6,500,000.
• Barney's Inc., DIP
  Sold 95,000 sq. ft.. flagship store in New York, NY, for $22,000,000.
• Cooker Restaurants, DIP           
  Sold 17 restaurants across the Southeast and Midwest sections of the US for $22,935,000.
• DB GSS                                          
  Sold a former shipyard and mega-yacht repair facility consisting of two adjacent land parcels for a combined 23.29 acres on the Savannah River for $10,000,000.
• Franciscan Medical Center         
  Sold a 928,000 sq. ft. property in Dayton, OH, for $3,300,000.
• Vineyard Christian Fellowship of Malibu       
  Sold the 35,152 sq. ft. video production and recording studio facility, including dance studio, banquet room, and 500-seat performance theater, in Malibu, CA, for $15 million.
• Windham Mills                            
  Sold a former textile mill, consisting of six granite buildings, along the Willimantic River in Willimantic, CT, for $5,550,000. Property offered development potential for residential, commercial, hotel, restaurant, museum, multi-family, industrial, and office uses.
• Winding Road                              
  Sold 9.75 acres of industrial land located in Old Bethpage, NY, for $3,500,000.  The property was an EPA Superfund Site and consisted of a 50,000+/- sq. ft. industrial building, which will be demolished in accordance with EPA response action.

Sample List of Auction Sales:

• Anita Terrace Owners, Inc., DIP                 
  As part of the restructuring of a bankrupt 56- unit cooperative apartment corporation consisting of three 14-story buildings, sold 252 unsold sponsor units in a transaction that infused the co-op with a new capital contribution valued at up to $17,000,000, plus refinanced the existing debt with a new $30,000,000 mortgage.
• Brown Schools, Debtor               
  Sold multi-building campuses in Running Springs, CA, Bonners Ferry, ID, Naples, ID, and Sutton, VT, for $17.5 million.
• Country Home Bakers, DIP       
  Sold to Publix Supermarkets as a turn-key 101,047 sq. ft. commercial bakery in Atlanta, GA, for $5,600,000.
• Charles Stanziale, Esq., Chapter 11 Trustee for Solomon Dwek, et al.                   
  Sold 159 commercial and residential properties in NJ, PA, FL, SC, and NC, generating proceeds of more than $137,000,000.
• Fleming, DIP                               
  Sold over 60 properties (20 owned and 40 leased), using both an auction and competitive bidding process, realizing proceeds of in excess of $26 million.
• Grossingers Hotel and Golf Resort  
  Sold 272-room resort and convention center (with championship golf course) in Sullivan County, NY.
• Parmalat, DIP                             
  a) Sold 6.85 acres of vacant land impacted by an oil spill into the adjoining Saddle River and by contaminated soil in Wallington, NJ, for $2,100,000.
  b) Sold ice cream plant and 3.8 acres of land impacted by asbestos, mold, and underground storage tanks in West Caldwell, NJ, for $2,320,000.
• Recycled Paperboard, DIP
  Sold a 210,000 sq. ft. facility on 5.5 acres in Clifton, NJ.  After competitive bidding, increased the $3.5 million stalking-horse contract to $4,500,000.
• Service Merchandise                   
  Negotiated complex stalking-horse contract for the disposition of 58 properties, a total of 3,139,299 sq. ft., in 21 states for $67,000,000. Conducted auction and overbid the stalking-horse contract, generating $85,600,000.

Sample List of Lease Sales:

• Edison Brothers                           
  Negotiated the sale and termination of 79 leaseholds, eliminating more than $5.4 million in claims.
• Filene’s Basement                        
  Disposed of 18 retail leases in New England and the Mid-Atlantic states (606,919 sq. ft., for $5,100,000) within one month, rejection claims reduced by $23,350,000.
• Fleming                                        
  Marketed and disposed of more than 60 properties (20 owned and 40 leased), using both an auction and competitive bidding process, realizing proceeds of in excess of $26m.
• Frank’s Nursery and Crafts       
  Conducted a sales process that facilitated a $130-million reorganization plan.  Sold 18 owned stores located across the central and northeastern states for $23,055,000 and 54 leases (991,440 sq. ft.) for $14,400,000.
• Hancock Fabrics                         
  Sold 44 leases in 24 states generating over $4,000,000 and eliminating $4,100,000 in rejection claims.
• Hechinger / Builder’s Square      
  Sold 91 retail properties, encompassing more than 7.9 million square feet (leased, ground leased, and owned) for $159,000,000.
• Movie Gallery                             
  Sold leases and negotiated lease terminations on 537 retail locations (1.5m sq. ft.) in 44 states.
• Service Merchandise                   
  Negotiated complex stalking-horse contract for the disposition of 58 properties in 21 states for $67,000,000. Completed the lease portfolio sale through an auction process generating $85,600,000 for 3,139,299 sq. ft.
• Warnaco Group                          
  Disposed of 83 retail leases, including Speedo, Olga-Warner’s, and Calvin Klein Jeans outlet stores.

Sample List of Going Concern Sales Clients:

• Food Management Group LLC (Dunkin Donuts/Baskin Robbins Franchisee)
  Sold as a package 27 Dunkin Donuts stores and a commissary in Bronx/Westchester, NY, for $18,000,000.
• Independent Day Care Business
  Sold business with 100% program occupancy in Washington, D.C.,  (facility is 26,567 sq. ft., with approximately 5.3 acres of land) for $6,450,000.
• Family Golf Centers                    
  Sold 34 facilities in 13 states as a package and sold 77 facility portfolio at auction, within 3 weeks, matching full target value sold 111 golf and ice-rink facilities in 13 states across the country for $125,700,000.
• J. Peterman Company                
  Negotiated the sale of the business for $10,000,000 as a going-concern.

Equity & Debt Capital

Debt Restructuring