Catellus Group is very proud to have been principals and developers of numerous properties over our 30 year history. A collection of our largest transactions below shapes our remarkable experience and qualifications.
• For over 25 years, Catellus Group and its affiliates owned and operated Waretech Industrial Park, a 674,000 square foot heavy industrial facility in Grand Blanc, Michigan. Through disposition in 2011, the facility maintained an impressive occupancy level and management expertise unparalleled in the market. The facility served both national and regional tenants and included rail access.
• After acquiring Genesee Towers, a 172,000 square foot, 19-story office building, with 350 car parking deck in Flint, Michigan in 1985, Catellus Group, LLC rehabilitated the physically distressed office building and increased its occupancy to 92% during a five year ownership.
• Catellus along with a partner acquired 35 acres of strategically located commercial retail land in Addison, Illinois in 1985. Later an adjacent vacant 150,000 sq. ft. former K-Mart building was acquired and rehabilitated into smaller retail user spaces to accommodate demand. Fourteen of the original acreage was sold for a 20-screen movie theatre. Various out-parcel were subsequently established and sold or leased to national retailers. This was the first project in the area to obtain sales tax credits valued at several million dollars.
• In 1988, Catellus purchased the 52-acre, 272,000 sq. ft. “Queensgate Property” in Charlotte, North Carolina. Redevelopment, management and refinancing and later disposal of a majority of the property, accommodated a Super Walmart, the rehabilitation of 90,000 sq. ft. of existing retail and the construction of 70,000 sq. ft. of new retail. Presently Catellus is involved in the development of 180 apartments on site.
• Towne Creek Commons consisted of a 23-acre land development project in Salisbury, North Carolina that Catellus successfully recast and redeveloped in 2001. After demolishing the existing dilapidated 172,000 square foot, non-functioning retail center Catellus created a parceling of individual expressway oriented land sales which were later purchased by national retailers.