|Jamestown chief Matt Bronfman tells us his firm's as busy as ever. We like the sound of that.|
Friday we snapped Matt at his One Overton Park HQ, standing with a lion?s head from a former Jamestown property in Manhattan (one of the perks of being a landlord). Matt says Jamestown is trying to find quality assets to buy, a vexing task given all the properties with ?hair? on the market, and also working to ensure its portfolio of 35 properties is performing as well as possible. The well-funded firm, like many other would-be buyers, has been forced to the sidelines because of the lack of solid acquisition opportunities. When one does hit the market, Matt says, the competition is fierce.
Yesterday, we snapped one likely acquisition for Jamestown: City Hall East on Ponce, as we previously reported. Jamestown is close to signing for the 2M SF former Sears building and warehouse, says Matt, who adds that completing the deal is "my top priority." A month ago, Mayor Kasim Reed announced Atlanta would sell the property to Jamestown for $27 million. Jamestown, which owns NY's Chelsea Market, One Times Square, and other high-profile properties, would convert the vacant building into a cool mixed-use project.
And because Bisnow is a vast media empire, we snapped this in NYC last week of the aforementioned Chelsea Market, near the High Line in the Meatpacking District, which Jamestown revived . . .
. . . from a former Nabisco factory. Just imagine what it can make from a former city hall.