By admin on September 24, 2015
Hammond Hanlon Camp LLC | H2C News
ATLANTA | CHICAGO | NEW YORK | SAN DIEGO
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“[H2C] exceeded our expectations and ensured the successful execution of a complicated transaction in an expedited timeframe.”
– Paul F. Ciminelli
President and CEO
Ciminelli
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FOR IMMEDIATE RELEASE
Hammond Hanlon Camp LLC Advises Ciminelli Real Estate Corporation on the Acquisition Financing of a 170,000 Square Foot Portfolio
NEW YORK — September 24, 2015 — Ciminelli Real Estate Corporation (“Ciminelli”), together with a joint venture partner, successfully acquired a 170,000 square foot portfolio of four, Class A medical office buildings and cancer centers located throughout the Buffalo area (the “Portfolio”). The Portfolio is subject to a long-term lease with Kaleida Health (“Kaleida”), the largest healthcare system in western New York.
Hammond Hanlon Camp LLC (“H2C”) served as the exclusive financial advisor to Ciminelli for the transaction with respect to the acquisition and capitalization of the Portfolio, including the joint venture formation. The transaction represents the second successful healthcare real estate transaction in which H2C served as Ciminelli’s advisor. In 2013, H2C advised Ciminelli with respect to the development of Conventus, a 350,000 square foot medical office building on the campus of Buffalo Niagara Medical Campus.
“We continue to be impressed with Ciminelli’s ability to identify and structure new institutional-quality healthcare real estate investment and development opportunities,” said Jay J. Miele, Managing Director of H2C. “The deep relationships of Ciminelli’s principals in the Western New York market combined with the relationships developed through our processes will further their robust growth in the sector.” Email Jay
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Media Contacts
Dara Litwin
H2C LLC
212 257 4527
dlitwin@h2c.com
ATLANTA
3333 Piedmont Road
Suite 700
Atlanta, GA 30305
404 937 1350
CHICAGO
311 S. Wacker Drive
Suite 5425
Chicago, IL 60606
312 508 4200
NEW YORK
623 FIfth Avenue
29th Floor
New York, NY 10022
212 257 4500
SAN DIEGO
11682 El Camino Real
Suite 320
San Diego, CA 92130
858 242 4800
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About Ciminelli Real Estate Corporation
Ciminelli Real Estate Corporation is a full service corporate real estate firm that is a leading developer and owner of commercial properties in Buffalo, throughout the Western New York region and beyond. The Company specializes in a full range of commercial real estate services, including development, asset management, property management, leasing, acquisition, disposition, and LEED consulting services, among others. Visit Ciminelli at www.ciminelli.com.
About Hammond Hanlon Camp LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value.
Hammond Hanlon Camp LLC conducts securities-related engagements through its wholly-owned subsidiary, H2C Securities Inc., member FINRA/SIPC.
For more information, visit
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Hammond Hanlon Camp LLC | info@h2c.com | Hammond Hanlon Camp LLC | 11682 El Camino Real Suite 320 | San Diego, CA 92130 |
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Posted in Breaking News