Client: Comerica Bank
Property Description:
15,800 sf office condominium | Wellington, Florida
Assignment Summary:
During 2010-2011, Atlantic Western was engaged to provide strategic advisory services to Comerica Bank and its legal team foreclosing on this office complex. Atlantic Western was subsequently engaged as the exclusive listing agent to provide disposition services, which resulted in the completion of an all cash sale to third party investor within six months of engagement.
Client: Linda Kreck as trustee, Flying Orange Ranch
Property Description:
350 acres, Citrus Grove | Wellington, FL
Assignment Summary:
As exclusive listing agent, Atlantic Western advised and directed the marketing efforts for the sale of this orange grove in Palm Beach County. Atlantic Western was subsequently retained by the buyer to execute a sub-division and resale of the tract to various investment interests.
Client: Palm Beach Polo & Country Club Homeowners
Property Description:
Palm Beach Polo & Country Club, Master HOA | Wellington, Florida
Assignment Summary:
In 2012, Atlantic Western was appointed by the Palm Beach County Circuit Court as a monitor to oversee and execute the court ordered turnover and master HOA board election of this 1,214 unit PUD, to the homeowners from its master developer. Such assignment was successfully completed in 90 days.
Client: Sabadell United Bank
Property Description:
87,000 SF Industrial/Office Complex | Palm Beach Gardens, Florida
Assignment Summary:
During 2011-12, Atlantic Western provided court appointedreceivership and management services for the Property including the repair and remediation of prior roof damage, vandalism, mold infestation, and code violations. In 2013, following the foreclosure, Atlantic Western was engaged as the exclusive listing agent and completed the $6,100,000 sale of the property within 90 days of assignment.
For over 35 years, Atlantic Western has remained one of the primary market makers for high value equestrian and agricultural land in the Wellington and surrounding markets; executing over 5,000 acres comprising over $500,000,000 in total sales and advisory assignments.
Client: Private Interests
Property Description:
Payson Park | Indiantown, Florida | 405 acre Thoroughbred Training Facility
Assignment Summary:
Exclusively engaged by the private owners of this legendary training facility, Atlantic Western executed a marketing, publicity and brokerage campaign to offer this unique and historically significant property for sale for the first time in over 30 years.
Client: Private Interests
Property Description:
50 Residential Lots | 28 Acres | St. George Island, Florida
Assignment Summary:
Engaged in 2012, Atlantic Western provided advisory services to a private ownership syndicate of development tracts in the very popular destination of St. George Island. Services included the formation of a complete due diligence report, market study, valuation and strategic disposition plan.
Client: J-5 Wellington Preserve, LLC
Property Description:
150 acres | Platted Sub-division | Wellington, Florida
Assignment Summary:
In 2011-12, Atlantic Western represented the buyer in the $14,367,000 partial bulk-acquisition of a distressed sub-division in Wellington, Florida. Over the next year Atlantic Western provided post-closing entitlement, design, advisory and project management services to permit and construct a private polo & equestrian complex including 5 polo fields and supporting infrastructure. Services provided by Atlantic Western included oversight and direction of site plan preparation and regulatory approval, ERP/SFWMD permitting, Master Plan Amendment Approvals, Land Development Permitting, project design and engineering, re-platting, construction contracting and financing.
Client: FL Indiantown LLC (an affiliate of Lehman Brothers)
Property Description:
572 acres | formerly known as the Quillen Acreage | Indiantown, Florida
Assignment Summary:
Exclusively engaged in late 2012 by Lehman Brothers Affiliates, Atlantic Western facilitated the disposition of this agricultural/development tract for $3,660,800 within 90 days of assignment.
Client: Comerica Bank
Property Description:
15,800 sf office condominium | Wellington, Florida
Assignment Summary:
During 2010-2011, Atlantic Western was engaged to provide strategic advisory services to Comerica Bank and its legal team foreclosing on this office complex. Atlantic Western was subsequently engaged as the exclusive listing agent to provide disposition services, which resulted in the completion of an all cash sale to third party investor within six months of engagement.
Client: Iberia Bank
Property Description:
49 acre foreclosed Equestrian Sub-Division | Wellington, Florida
Assignment Summary:
Exclusively engaged in 2011-12 by the foreclosing lender, Atlantic Western successfully completed the marketing and $3,600,000 sale of this land to an all-cash foreign investor.
Client: Mercantil Commerce Bank, Miami, Florida
Property Description:
836 acres consisting of a 2 phase, partially completed, rural agricultural/residential sub-division | located in Martin County, Florida
Assignment Summary:
During 2009-2010, Atlantic Western was engaged to provide strategic advisory services to the lender and its legal team foreclosing on this partially completed rural lot sub-division. Atlantic Western assisted in the formation of a strategic plan, research into entitlements, market valuation and negotiations to complete certain critical project infrastructure.
Client: Church Loans & Investment Trust
Property Description:
Foreclosed 1.5 acre Commercial Tract | Miami-Dade County , Florida
Assignment Summary:
Exclusively engaged by this nationwide lender, Atlantic Western facilitated the $1,300,000 sale of this commercial tract to an institutional buyer.
Client: National City Bank & PNC Bank
Property Description:
234,500 sf Multi-Tenant Industrial Complex | Mangonia Park, Florida
Assignment Summary:
During 2010, Atlantic Western principals were appointedreceiver by the court in the foreclosure of this project. Atlantic Western provided comprehensive property management, leasing, and strategic advisory services to the lender on its $5,200,000 mortgage secured by this property, including identifying and proposing comprehensive solutions to environmental, title, drainage, entitlement and other defects impacting the real estate. Thereafter, Atlantic Western assisted the lender in its ultimate sale of its note and mortgage to a third party investor.
