The Anglo Irish Portfolio consists of 18 properties located throughout California, Illinois, Massachusetts, Texas and Virginia, totaling over one million square feet of commercial office, retail and industrial buildings; 173.24 acres of land; and two single family residences. The bulk of the properties were entitled and planned for large mixed-use developments, such as the 4.5 million square foot Westwood Station in Boston, the one million square foot New City in Chicago, and the one million square foot Eisenhower Gateway in Alexandria. Also included in the portfolio is the Hollywood Palladium, a 62,000 square foot historically designated theatre that is currently used for a variety of high profile music concerts, special events and award shows.
Project Description
Douglas Wilson Companies (DWC), agent for Receiver, was charged with taking possession, custody and control of the assets.
Scope of Work
DWC worked to preserve and protect each of the assets, even as the note was purchased by a new entity midway through the receivership. DWC continued to perform as the Receiver, operating the properties, renewing leases, preserving entitlements, working with local governments and providing third party market research.
Project Resolution
Each project had a different successful resolution which included receivership sales, trustee sales and discounted payoffs.
Project Name
Anglo Irish Portfolio
Client
Nationwide
Location
California, Illinois, Massachusetts, Texas and Virginia
