Water Tower Hill
The Water Tower Hill Portfolio is a collection of three Class A trophy multi-story office buildings perched on a hill overlooking Lake Champlain, downtown Burlington and Mount Mansfield. The assets were purchased at 74% occupancy and leased to national, international and regional credit tenants, each with strong ties to the University of Vermont. The portfolio is the dominant asset in the market, and is representative of FD Stonewater’s value-add college town investment strategy. The Portfolio is currently 92% leased.
DEAL INFOAcquisition Date: August 2006
No. of Buildings: 3
Square Feet: 135,538 SF
Tenant Sampling: RCC Atlantic (Verizon), KPMG, USDA, New England Financial (MetLife), Competitive Computing, Fletcher Allen Health Care, National Life