Our Partners
In 2004, PA Associates formed a joint venture with Acadia Realty Trust, a publicly traded REIT. Acadia Realty Trust, headquartered in White Plains, NY, is a fully integrated and self-managed real estate investment trust, which specializes in the acquisition, redevelopment, and operation of retail properties in high barrier to entry markets. Through Acadia’s $300 million Strategic Opportunity Fund II, PA Associates has found a well funded investment partner to acquire and execute urban/infill redevelopment projects in and around the City of New York. After closing Fund II in 2007, we have now partnered with Acadia’s $500 million Strategic Opportunity Fund III to continue our joint venture. Our competitive advantage in the Urban/Infill arena lies in the strength and expertise of our joint venture partners, Acadia Realty Trust, as well as our ability to leverage existing tenant relationships and our redevelopment expertise. The joint venture between Acadia and PA Associates has completed 10 large acquisitions since its inception, and currently has several projects in various stages of the development pipeline. To learn more about Acadia Realty Trust please visit www.acadiarealty.com
PA Associates is also deeply involved in creating outstanding industrial properties in New Jersey. In partnership with the Panattoni Development Company, the fourth-largest industrial developers in the United States, PA Associates is utilizing urban renewal opportunities to build two industrial parks that will place more than four million square feet of modern industrial space in Carteret and Perth Amboy, New Jersey. Founded in 1986, Panattoni is headquartered in Sacramento, California and maintains over 32 offices throughout the United States, Canada and Europe. To learn more about the Panattoni Company please visit www.panattoni.com
Our self-storage business is Post Management, LLC, a New York-based self-storage company that develops and manages self-storage facilities in the New York/New Jersey and Baltimore/Washington markets. A majority of the facilities are modern, state-of-the-art, and climate-controlled. Building types include ground-up construction and retrofits – both multi-story and ground-level. Several properties include storage for specialized items like documents, wine, collector cars, and trucks/RVs. Over the past ten years, Post Management, which operates as Storage Post, has developed over thirty facilities with an average of 110,000 gross square feet per facility. In addition, Post has managed over fifteen facilities on a third party basis for local operators who need professional management. The total square feet developed, owned and managed in that time exceeds four million square feet. The keys to Post’s success in a challenging market are its local knowledge, its experience and track record in the development process, and its hands-on approach to management. Post Management’s goal is to continue to grow as a successful and profitable self-storage company through development and acquisition, focusing particularly on the urban markets of New York and New Jersey. To learn more about our storage business please visit www.storagepost.com
PA Associates also works alongside Washington Square Partners on many of our mixed-use projects. Washington Square Partners was founded in 1994 by a group of real estate professionals who believed that a critical gap existed between consultants who offered analytical research and reports and developers who created projects. Washington Square Partners provides development advisory services to private developers, property owners, retailers, governmental agencies, and not-for-profit institutions. Their clients, who include some of the largest developers and public agencies in the New York City metropolitan area, hire Washington Square Partners because of the firm's record of innovation in implementing development projects that require creative, strategic thinking. Washington Square's approach has led to introducing the first of a development type to new markets, secured negotiations with difficult third parties and resulted in successful strategies for advancing projects through multiple discretionary public approvals. For more information about Washington Square Partners go to www.washsquare.com