Arthur Goldner & Assoc. Ventures to Madison With Purchase of High Point Office Park.
Cirex News RSK: Your Company, Arthur Goldner & Assoc. seems to have built a very good sized and successful portfolio. What do you contribute your success to?
Lee Wolfson, EVP AG&A. We are a private company that acquires and develops office, retail, mixed use and residential assets. Our sweet spot is Value Ad assets that we can put our team on to increase the assets value. We utilize for many of our acquisitions h our investor base, that has been with us over the last 40 years. These same investors, in large part, like to move from investment to investment with us, as we acquire additional assets. To that end, we are extremely careful with our investors funds we place into these assets. Having their trust, that we will continue to make smart decisions with their money and ours. We know that we are large enough firm to acquire assets up to $75m, and small enough to be very nimble in our decision making process. If we like something, we act fast and in over 104 completed transactions, less than 2% have not closed. That is why sellers and buyers like working with us.
RSK: You are new to the Madison Market…
LW: Yes, but not to Wisconsin…one of our favorite states for investment. We typically look at a six state Midwest boundary for our investments, so that we can always get to them and visit on a regular basis. We are very hands on and try to select brokerage and management teams in the markets out side of our backyard that share these same values. Madison is one of the top cities in the nation for real estate investment, from our perspective. You have the State Capital, The University of Wisconsin, two major medical centers and companies like Epic, that all make it a very special place to invest.
RSK: What did you see in these properties that made the decision for your company to expand here?
LW: These properties were Value Ad, as mentioned earlier. Mixing that with being in this very special city and the location within the city, it was a no brainer, so we aggressively went after it and were fortunate to be successful in the acquisition. Additionally, we have invested over $500,000.00 in upgrades to High Point Office Park in just the first 90 days of ownership via new landscaping, new paving and other building amenities.
RSK: Well we certainly look forward to your presence here in Madison and Wisconsin and wish you continued success.
Editors Note: Lee Wolfson is Executive Vice President of Arthur Goldner & Assoc., based in Chicago. AG&A has established itself as a leader in the Chicago real estate brokerage community and for its in-house management division. In addition, AGA has completed more than 80 real estate acquisitions of commercial investment properties throughout the Chicago metropolitan area and other markets in the Midwest. These acquisitions, on behalf of partnerships and limited liability companies, were all headed by Mr. Goldner, in his capacity as general partner or managing member.