NOVEMBER 30, 2017
Balfour Pacific is pleased to announce the acquisition by Balfour Pacific Real Estate IV, LP, in partnership with Hamilton Partners, of 500 Park and One Pierce Place. The two buildings are located in the Hamilton Lake Business Park in Itasca, Illinois. The buildings comprise almost one million SF and are over 90% leased. Balfour Pacific plans to renovate the buildings and offer best-in class amenities.
MAY 30, 2017
Balfour Pacific is pleased to announce that Balfour Pacific Real Estate IV, LP has acquired 27 warehouse, office and lab buildings in the Campus at Longmont for $69.6 million. The buildings, totaling 870,000 SF, were purchased from Crescent Real Estate. Situated in Longmont, Colorado, northeast of the county seat of Boulder and 33 miles north-northwest of Denver, the property is expected to benefit from the strong fundamentals of the Greater Denver market.
JANUARY 20, 2017
Gibralt Capital creates a new fund management entity, Balfour Pacific, under the continued leadership of Sam Belzberg. Balfour will carry on the success of Second City funds with the launch of Balfour Pacific Real Estate IV, a private equity fund that will focus on underpriced and out-of-favour real estate assets in the U.S. Balfour’s leadership and investment team bring decades of experience and success in real estate, private equity and transaction execution.