Investor Information
RGW Case Histories
Listed below are the summaries of some of the major developments and re-developments RGW Development has spearheaded since 1990. We have listed the major contractors, brokerage firms and financial institutions involved as well as the project's investment return. RGW typically retains a 20-50% ownership share in any development opportunity. Please contact us to discuss your Real Estate needs or the potential for involvement in current and upcoming real estate opportunities.
The Pointe - West Chester
Conceived and developed a two (2) building office/warehouse flex project totaling 146,800 sf constructed on land purchased from Duke Realty Corporation. Utilized Design Build Solutions as the Design-Build firm and constructed over 70,000 sf of office tenant improvements. Acquisition financing arranged thru Huntington Bank and permanent finance thru Bellwether Real Estate Capital utilizing Thrivent Financial. RGW Development remains the property management firm for the project. Current cash on cash return of 15+%.
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Crescent Centre - Sharonville
Conceived a two (2) phase, three (3) building office/warehouse flex project totaling 131,000 sf developed in partnership with Al Neyer, Inc. and constructed over 60,000 sf of office tenant improvements. Acquisition financing arranged thru Huntington Bank and permanent finance thru Bellwether Real Estate Capital utilizing National Life of Vermont. RGW Development remains the property management firm for the project. Current cash on cash return of 9%.
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Century Plus Partners - Springdale
Purchase of 50,000 sf office and 30,000 sf office/warehouse building from Welsh Investment Trust and GE Capital. Acquisition financing arranged thru First Financial Bank. RGW Development is the property management and tenant construction firm for the project. This project was purchased with 60% occupancy, within 12 months, RGW stabilized the project above 90% occupancy and secured non-recourse financing to return the Investors original investment while the project enjoys 2:1 DSC.
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Union Commerce Centre (UCC) - West Chester
The original development on Windisch Road in West Chester, Ohio, UCC is now 278,000 square feet of Class A Industrial Flex-space. Conceived and developed the project utilizing Al Neyer, Inc. as the Design-Build firm and constructed of over 121,000 sf of office tenant improvements. Utilized both Bank One and Bank of America in securing construction financing and arranged permanent financing thru State Farm Insurance. In 2007 coordinated the project sale utilizing Cassidy Turley Real Estate and concluded a sale to First Industrial Realty Trust in excess of $19MM, realizing a 30%+ ROI.
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Duffers Development - West Chester
Purchase of a five (5) building office/warehouse flex project totaling 110,000 sf from GE Capital for redevelopment. Acquisition financing was arranged thru Huntington Bank and permanent financing for the entire project thru Bellwether Real Estate Capital utilizing National Life of Vermont. RGW Development remains the property management firm for the project. Investment equity was returned to investors in 12 months.
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Rialto Real Estate Partners - West Chester
A single building office/warehouse flex project totaling 28,800 sf developed on land purchased from Cinergy utilizing Design Build Solutions and constructed over 10,000 sf of office tenant improvements. Construction financing arranged thru Fifth Third Bank, and long term financing thru First Financial Bank. RGW Development remains the property management firm for the project. Current return on investment of 19%.