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Eastern Coast Management, LLC Announces Acquisition
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Added: 08/27/2004
Type: Summary
Viewed: 929 time(s)
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Eastern Coast Management, LLC Announces Acquisition
Cape Canaveral, FL August 27, 2004 -- Eastern Coast Management, LLC ("ECM") announced today that Port Offices, LLC, ("Port") acquired from Allied Capital Corporation, www.alliedcapital.com ("Allied"), Washington, D.C., the office building that was the headquarters of Premier Cruise Lines. Premier Cruise Lines, Inc. filed for Chapter 11 of the bankruptcy code and eventually was liquidated. Allied became the owner of the property after it foreclosed on the former owner.
The property is approximately 68,000 square feet and is one of the few Class A office buildings in Brevard County and nearby NASA. Port Offices has renamed the property “Innovation Centre” and is pursuing a vision that includes the addition of office structures on adjacent land.
For the Innovation Centre building, Port seeks tenants that are leaders in aerospace, high technology, and marine commerce. ECM will manage the project for Port. Port’s members include Frank Crivello, www.crivello.com, and Lloyd Milliken.
“Lloyd and I are extremely excited by this acquisition and the opportunity to develop Innovation Centre in Port Canaveral,” Port Offices Managing Member Frank P. Crivello said. “Port Canaveral is bursting with commercial activity and we are pleased to be a part of it. As well, Lloyd and I are excited to work together on this and other projects in Port Canaveral.”
About Eastern Coast Management, LLC www.ecmgt.net:
ECM is focused on real estate and marine investments in the southeastern United States. For approximately twenty five years, as principals, ECM’s team has been involved in all facets of real estate development, rehabilitation, and investments. In addition, ECM’s team has offered professional management and advisory solutions to public and private companies, trusts, and individual investors. For approximately five years, as advisors or principals, ECM’s team has been involved in marine investments of various types.
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