PARKING GARAGE INVESTMENT
Our parking garage investments benefit from our hands-on approach through value-added capital improvement programs; third-party operator evaluation, selection, and supervision; facility conversion to automated systems; and proposed marketing initiatives. Profitability and return on investment are maximized as a result of attention to detail.
Hammerschlag & Co., Inc. acquires parking assets nationwide.
Our investment criteria are 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
Super Park Hobby Airport - Houston, TX
Total Stalls: 866 Facility Type/Market Served: Off-airport self-park garage adjacent to Houston Hobby Airport. Year: Acquired in 2010; Sold in 2014
The Poetry Garage - Chicago, IL
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 - Chicago, IL
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 - Chicago, IL
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
7 Surface Lots - Downtown Roanoke, VA
Total Stalls: 330 (seven surface lots totalling 90,000 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 – Galveston, TX
Total Stalls: 328 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
WHY CHOOSE HAMMERSCHLAG & CO., INC.?
Our experience as an owner and as an operator benefits our car parking investments resulting from our historical perspective, hands-on approach through value-added capital improvement programs; third-party operator evaluation, selection, and supervision; and facility conversion to the latest in PARCS. We advise owners, developers, investors, lenders, municipalities, and real estate managers on a national scale, bringing more than 45 years of expertise in all aspects of parking lot investment and more. We fully appreciate the risks involved in these projects and tailor our approach to meet their needs.
If you currently own or manage a garage property that you think may fit our investment profile, please contact us.