From April 2001 thru February 2004, ECI, through an affiliated entity, was a partner in the ownership of the on-airport parking facilities at T. F. Green Airport in Providence, RI.
Consisting of approximately 6000 on-airport parking spaces, the partnership owned fee simple title to two garages containing approximately 2,250 spaces as well as the concession to operate approximately 3,750 short and long term parking spaces. Additionally, the partnership owned in excess of 60,000 square feet of land adjacent to the airport.
The principals of ECI participated in obtaining and structuring the acquisition financing, totaling $50,200,000. Equity for the investment was provided internally by the members of the partnership.
The principals of ECI have significant experience in a variety of parking investment transactions and consulting assignments, some of which are highlighted below:
·203 N. LaSalle - 1,442 spaces, 41,307 Net Rentable Area (NRA) retail
·Theatre District - 1,020 spaces, 7,770 NRA retail
·Adams/Wabash - 670 spaces, 14,349 NRA retail
·Grand Plaza - 1,066 spaces (new construction)
·60 E Lake – 200 spaces
·CocoWalk, Miami, FL - 850 spaces
·Beach Place, Ft. Lauderdale, FL - 850 spaces
·Gables Grand Plaza, Coral Gables, FL – 260 spaces