ACQUISITION & INVESTMENT
Our investments benefit from our hands-on approach through value-added capital improvement programs; third party operator evaluation, selection and supervision; and facility conversion to automated systems. Profitability and return on investment are maximized as a result of careful attention to detail.
Hammerschlag & Co., Inc. acquires parking assets nationwide.
Our investment criteria is as follows:
Deal size: $500,000 - $100 million
Off-airport parking facilities
Municipality owned parking facilities undergoing privatization
The parking component of mixed-use development such as hotels, apartments, retail or a combination thereof
Joint venture opportunities considered
If you currently own or manage a garage property that you think may fit our investment profile, please contact us by email at email@example.com.
Super Park Hobby Airport - Houston
Total Stalls: 866
Facility Type/Market Served: off-airport self-park garage adjacent to Houston Hobby Airport.
Year: Acquired in 2010; Sold in 2014
201 W. Madison Self Park
Total Stalls: 1,168
Facility Type/Market Served: commercial self park garage with ground level retail.
Year: 1997 – 1998; Acquired in 2002 - ongoing
Public Square Garage - Nashville, TN
Total Stalls: 1,068
Facility Type/Market Served: commercial self park garage with ground and basement level retail/office.
Year: Acquired in 2003; Sold in 2012
Washington Franklin Self Park
Total Stalls: 562
Facility Type/Market Served: commercial self park with ground level retail; serves adjacent residential condominiums.
Year: Garage opened in 1998; Sold in 2012
Printers Square Garage (75 West Harrison)
Total Stalls: 220
Facility Type/Market Served: serves the 355 condominium units above as well as offices, hotels, residential and commercial buildings in its surrounding area.
Year: Acquired in 2010 - ongoing
8 Surface Lots, Downtown Roanoke, VA
Total Stalls: 401 (eight surface lots totaling 117,000 sf)
Facility Type/Market Served: unattended automated self-park lots serving the entertainment district, retail, commercial, and residential buildings in downtown Roanoke.
Year: Acquired in 2015
Galveston Park N Cruise
Total Stalls: 277
Facility Type/Market Served: best located parking available to serve the Port of Galveston cruise industry.
Year: Acquired in 2015
Cardinals Parking - St. Louis, MO
Total Stalls: 354
Facility Type/Market Served: best located parking available for St. Louis Cardinals games.
Year: Acquired in 2016; Sold in 2017