MiddleBrook Crossroads is one of America’s first industrial parks, comprising 800,000 sf of office/flex/warehouse in 16 buildings at the crossroads of I-287, and Routes 22 and 28. Ownership sought higher liquidity, lower capital outlays, and reduced daily involvement in the portfolio. Advance took control of the property in 2000 as part of a structured UPREIT that benefitted all parties. We implemented a two year repositioning process, including capital improvements and leasing upgrades. The result was a 20% increase in cash flow to ownership, roughly translating to a portfolio value increase of $5,000,000.