Hertz Investment Group

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Hertz Investment Group
IndustryReal Estate
Founded1979; 39 years ago (1979)
HeadquartersSanta Monica, California
OwnerJudah Hertz
Websitewww.hertzgroup.com

Hertz Investment Group is a company that invests in office buildings.

History[edit]

In 1979, the company was founded by Judah Hertz.

In 2003, the company acquired a 26-story office tower and retail complex from Simon Property Group for $36 million. The property was sold in 2009.[1]

In 2010, the company offered Gateway Center (Pittsburgh) for sale.[2]

In 2011, the company sold The Hyatt at Capitol Square in Columbus, Ohio for $19.5 million.[3]

In 2012, the company defaulted on a loan secured by an office building in Kansas City.[4]

In 2013, the company acquired an office building in Grand Rapids, Michigan.[5]

In 2015, the company acquired 6 office buildings in the Southeast United States for $417.4 million.[6]

In 2016, the company acquired 4 office towers in Indianapolis, Milwaukee, and Cleveland totaling more than 3 million square feet from Sam Zell's Equity Commonwealth for $416.9 million.[7]

References[edit]

  1. ^ Drummer, Randyl (September 16, 2009). "Saints Owner's Family Buys Property Around New Orleans Superdome". CoStar Group.
  2. ^ Freitag, Michael (June 23, 2010). "Gateway Center Placed On the Market". CoStar Group.
  3. ^ Maly, Colin (September 7, 2011). "Hyatt on Capitol Square Sells for $19.5 Million". CoStar Group.
  4. ^ Vockrodt, Steve (January 27, 2012). "Commerce Tower owner's default sends building into receivership". American City Business Journals.
  5. ^ Thorsby, Devon (May 7, 2013). "Hertz Investment Grp Acquires Bridgewater Place". CoStar Group.
  6. ^ Thurlow, Andrew (June 9, 2015). "Owner of Jacksonville's Bank of America tower acquires $417.4 million Southeast portfolio". American City Business Journals.
  7. ^ Drummer, Randyl (August 29, 2016). "Equity Commonwealth Trades Midwest Office Portfolio to Hertz Investment Group for $417 Million". CoStar Group.