Elmwood Plaza Shopping Center

Capstone purchased this 330,000 sf shopping center in southeast Wisconsin. The property suffered from deferred maintenance, lack of strong tenancy and a significant environmental problem. Within two years, the property was physically improved, re-tenanted and environmentally remediated. It was sold for a 50% profit over its purchase price which resulted in investor returns exceeding 25%.

PRC Building

Capstone represented a large, privately-held insurance company in the purchase of this 140,000 sf former call center in Miami, Florida for $16 million. We sourced the property, negotiated the contract, performed all due diligence and closed on its acquisition. The client was offered $22 million for the property within 30 days after closing.

30 Canvasback

Capstone raised private equity to purchase and re-develop an older oceanside home in Sea Pines Plantation on Hilton Head Island, South Carolina. The existing structure was demolished and this magnificent 6 bedroom, 5-1/2 bath beach house was developed. Additional photos can be viewed at: http://www.beach-property.com/vacation-rental-home.asp?PageDataID=60244

The Atrium of Belleville

Cerulean Partners, in conjunction with Inland Private Capital Corporation, purchased The Atrium of Belleville, a 76-unit independent living community for seniors. The property is located on over 3-1/2 acres in Belleville, IL, a community located in the Metro East area of suburban St. Louis. It was purchased from Brookdale Senior Living, the largest owner/operator of senior living communities in the country. After an extensive $1.5 million capital improvement program was completed, The Atrium of Belleville is now considered to be one of the finest senior housing properties in the marketplace.

The Echelon Senior Living

Cerulean Partners, in conjunction with private equity, purchased The Echelon Senior Living, a 116-unit independent living community for seniors. This property, located on 7 acres in Las Vegas, Nevada, was purchased from a special servicer who had assumed the loan on behalf of CMBS investors. The property underwent a $400,000 renovation and is now postioned as one of the premier independent living options in Las Vegas.

The Manor at Midvale

Cerulean Partners put The Manor at Midvale, a 140-unit independent living community located in Tucson, AZ, under contract to purchase. During due diligence and prior to closing, Cerulean was approached by a private equity entity that wished to purchase the community by acquiring our contract. Cerulean flipped the contract to the interested party at closing.

Stony Creek Promenade

Capstone represented the Village of Oak Lawn, a large southwestern suburb of Chicago, in resolving a long-standing dispute with a tenant who occupied the majority of this 22-acre site at 111th Street and Cicero Ave. After the conflict was resolved, Capstone worked with the Village to purchase the property from its owner. The balance of the site was then assembled through negotiations with four stand-alone businesses who owned and occupied the remainder of the site. Capstone then brought in a large developer of Class A retail centers, and partnered with them to construct Phase One - a 102,000 sf, Mariano's-anchored shopping center at one of the busiest intersections in suburban Chicago.



Country Manor Memory Care

Cerulean Partners, LLC, in partnership with a California-based investment company, purchased this 24-unit, 36-bed senior housing property located in Davenport, Iowa. This community, which cares for residents suffering from dementia and Alzheimers, is located on a 1.5 acre site in a quiet residential neighborhood. Our caring staff and the property's beautifully landscaped courtyard provide a serene and peaceful environment for our residents.

1450 N. Dayton St., Chicago, IL

Capstone Real Estate Partners represented Big Deahl Productions in the sale of their 2-acre parcel in the Halsted Triangle area of Chicago's Lincoln Park neighborhood. The property is situated in the most active and densely developed retail environment in the City - second only to Michigan Ave. Capstone presented the opportunity to several large-scale developers, worked with ownership to secure the highest price and sold the property to Structured Development for $16 million.

Regency Square

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North 540 Distribution Center 

Stony Creek Promenade (above) was sold to an institutional buyer and its proceeds reinvested to acquire two properties: Regency Square and North 540 Distribution Center. Regency Square is a 43,000 sf Aldi-anchored shopping center located in Huntley, IL., just outside the entrance to the 6,000 home Del Webb retirement community - the largest in the Midwest. Other tenants include Starbucks, Jimmy John's and Athletico.

North 540 is a 235,000 sf distribution warehouse located on 13 acres in Raleigh, NC. It is the only Class A facility in the entire North Raleigh submarket featuring 30' clear heights and an ESFR sprinkler system and is home to DHL and Ranpak - one of the world's largest producers of environmentally friendly packaging materials. It also features extremely rare freezer/cooler space in the area.

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