Trending...
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI - 144
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty - 129
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage - 101
LOS ANGELES - Californer -- Hertz Investment Group (https://www.hertzgroup.com/), a leading private equity commercial real estate firm, has announced the $39.5 million sale of a five-building portfolio located in Richmond, Virginia. KAS Partners, a Miami based commercial real estate firm, was the buyer.
"Part of excelling in the private equity market means monitoring the portfolio and harvesting the value when the time is right," said Zev Hertz, Chairman of the Woodland Hills, CA-based firm that owns and operates properties throughout the country. "We purchased the portfolio in 2012 and in this case, we realized the timing was strong to maximize the return for our investors."
More on The Californer
Located in two major business parks in Chesterfield, the approximately 420,000 SF portfolio included three buildings on Moorefield Park Drive, the Winchester building located at 10800 Midlothian Turnpike, and the Boulders Center complex located at 1011 Boulder Springs Drive.
Founded in 1977, today Hertz Investment Group maintains a portfolio of 58 buildings in 21 cities throughout the country. With more than 220 employees, the firm is known for its astute portfolio management and ability to monitor the market.
"Part of excelling in the private equity market means monitoring the portfolio and harvesting the value when the time is right," said Zev Hertz, Chairman of the Woodland Hills, CA-based firm that owns and operates properties throughout the country. "We purchased the portfolio in 2012 and in this case, we realized the timing was strong to maximize the return for our investors."
More on The Californer
- New Media Film Festival Announces Winners
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- DetailAxis Unveils it's 'Business Engine': Powerful AI Systems for Auto Appearance Pros
- California: Governor Newsom announces appointments 7.2.25
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
Located in two major business parks in Chesterfield, the approximately 420,000 SF portfolio included three buildings on Moorefield Park Drive, the Winchester building located at 10800 Midlothian Turnpike, and the Boulders Center complex located at 1011 Boulder Springs Drive.
Founded in 1977, today Hertz Investment Group maintains a portfolio of 58 buildings in 21 cities throughout the country. With more than 220 employees, the firm is known for its astute portfolio management and ability to monitor the market.
Source: The Hoyt Organization
Filed Under: Real Estate
0 Comments
Latest on The Californer
- Governor Newsom marks historic expansion of California's Film and Television Tax Credit Program, announces 16 new projects to film in the Golden State
- Talar Guedikian Named Winner of 2025 AAJ Paralegal of the Year Award, Sponsored by Advocate Capital
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- California: Did gas prices go up by 65 cents at the pump? No.
- Snell & Wilmer Welcomes Associate Victoria Cendejas to the Orange County Office
- Crime in California drops again — state records second-lowest homicide rate since 1966
- FireAid Donates $75,000 To California Strong To Distribute To Palisades and Eaton Fire Victims
- Celebrate Safely: 4th of July BBQ & Celebration Essentials from Mercury Insurance
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Hint® Celebrates 20 Years with Cash Sweepstakes and Rooftop Movie Nights Nationwide
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Riser Music's LYKN Adds India, Mexico & U.s. Dates To "unleashed" World Tour
- Auraya Launches EVA Forensics on NICE CXexchange