860 81st Avenue
Formerly Alameda Chemical Company’s headquarters, LPC took over the 127,000 square foot asset through a court appointed trustee. Libitzky completed major exterior improvements including new asphalt yard, painting, and a large perimeter fence for security.
Industrial Blvd
LPC bought the 24,000 square foot building from FujiFilm who had previously used it for storage and processing of inventory. Seeing the potential for a conversion to more generic space and having a good sense of the market dynamic, Libitzky closed quickly in the first quarter of 2011.
1212 Corporate Drive
This newly renovated, “Class A” office project was taken back by American National Bank after the previous owner had failed to successfully lease up the property.
Cannery Park Village
Purchased from Sumitomo Bank in 1994, this property was originally a former cannery plant consisting of several buildings.
Murray Avenue
Originally a laundry processing facility built by Marriott, the facility served as a processing plant for West Coast Linens. As part of a collaborative effort involving the bankruptcy court, LPC bought the asset for less than 30 cents on the dollar.
Meadow Central
Acquired through Midland Bank, acting as a special servicer for a failed CMBS pool, LPC bought these two adjacent office buildings at 50 percent occupancy.
