Purchased in 1998 by Freehold, this building was a dump on its last legs. We invigorated this shell with new life and moved its occupancy from 5 to 200 by creating all new systems, effectively expanding the capacity for more growth and change. As demand grew and the market changed, we upgraded for new office and commercial tenants and adapted to accommodate modern industry.
On the street level, multimedia developers and professional sports management work in offices filled with space and light and grand heights. Around the back and down the stairs are a collection of small industrial workshops and studios that crank out everything from custom-designed machine parts to big ideas. This investment exceeded a 7X return, businesses prospered, and a neighborhood stabilized.
“Good business leaders create a vision, articulate the vision, passionately own the vision and relentlessly drive it to completion.”
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