BentleyForbes is a national real estate investment firm founded by C. Frederick Wehba Sr., and members of his family, which focuses on the acquisition, ownership and management of trophy class A office buildings, luxury resort and hotel properties and select high-quality industrial and retail facilities. Currently, the Company owns and operates a portfolio of assets valued in excess of $2.5 billion. “BentleyForbes has substantial access to capital for investment in commercial real estate properties,” said Mr. Wehba. “One of the Company’s greatest strengths is its ability to make a quick decision on an investment opportunity.”
Bank of America Plaza, an Atlanta landmark
Bank of America Plaza, an Atlanta landmark with a status on par with New York City’s Empire State Building, Chicago’s Sears Tower and Los Angeles’ U.S. Bank Tower for both timeless architecture and extraordinary height, celebrated 15th anniversary in 2007 with new owner BentleyForbes, and its chairman, C. Frederick Wehba. “Its position on the Atlanta skyline is still unrivaled after 15 years and its roster of blue chip tenants a defining testament to its premier status,” said Mr. Wehba.
July 15 2008 | Uncategorized
A Trophy Property
A trophy property is a recognized category of real estate in the U.S. and elsewhere. It is generally defined as the top 2% of properties within a given subcategory. While real estate appraisers in the U.S. have long recognized trophy properties as having unique valuation characteristics, only recently have the appraisal organizations begun to codify appropriate methods and techniques. Dr. Bill Mundy, one of the appraisal community’s leading experts on the topic, authored a series of articles for the Appraisal Journal in 1991, 2002 and 2003.
July 15 2008 | Uncategorized
The Watergate Building
BentleyForbes purchased the Watergate Office Building in 2005, expanding its national portfolio Class A office properties in major markets. “The Watergate Building is one of the most prestigious business addresses in Washington, D.C. and the nation as a whole,” said BentleyForbes Chairman Fred Wehba. “More then 40 years after it was built, the Lugi Moretti design still offers a distinctive and prestigious, “one-of-a-kind” address.”
July 15 2008 | Uncategorized
The Tallest Building in the Southern United States
The Bank of America Plaza is the tallest building in the southern United States, and the tallest in any state capital. Located on 3.7 acres on Peachtree Street, the tower faces its border streets at a 45-degree angle to maximize the views to the north and south.
July 15 2008 | Uncategorized
The 23rd Tallest Building in the World
Bank of America Plaza was the 23rd tallest building in the world when it was completed in 1992. At 1,023 feet (312 meters) and 55 floors, it is the tallest in a state capital.
July 15 2008 | Uncategorized
Atlanta’s Bank of America Plaza
In 2008, Atlanta’s Bank of America Plaza was listed as the world’s 25th tallest building, only about 23 feet shorter than New York’s Chrysler Building and New York Times Building, Dubai’s Burj al Arab hotel and Hong Kong’s Nina Towers. The Atlanta skyscraper is about seven feet taller than Los Angeles’ U.S. Bank Building, which is the tallest North American skyscraper west of the Mississippi.
July 15 2008 | Uncategorized
Bank of America Plaza
After its completion in 1992, Bank of America Plaza became immediately recognizable on the Midtown skyline from any approach for its signature 23-karat gold-leafed spire with a lighted, open-grid, stepped-pyramid roof. The building has long been noted for its premier status among Atlanta’s elite business addresses. Bank of America Plaza is also widely recognized for its roster of notable tenants, which currently include Bank of America, Troutman Sanders, Paul Hastings, Boston Consulting, Hunton & Williams, and Frazier & Deeter.
July 15 2008 | Uncategorized
The Watergate
Located in Washington, DC’s West End submarket, the Watergate is situated on the banks of the Potomac River, adjacent to the John F. Kennedy Center for the Performing Arts, offering views of almost every major landmark in the District and beyond, including Rosslyn, Georgetown, Washington Harbour, the Washington National Monument, the Lincoln Memorial, the National Cathedral and the Key, Memorial and Roosevelt Bridges.
July 15 2008 | Uncategorized
Las Olas Centre
BentleyForbes completed its acquisition of the Trophy Class A Las Olas Centre office towers in Ft. Lauderdale, Florida, in July 2007. Las Olas Centre’s coveted address is considered the best location in town, which is evidenced by the high profile tenants in the building, including Merrill Lynch, Morgan Stanley, Wachovia, Gunster Yoakley and Huizenga Holdings. “The acquisition of Las Olas Centre marks BentleyForbes’ entry into this highly attractive market,” said C. Frederick Wehba II, vice chairman and co-founder of BentleyForbes. “Las Olas Centre is Ft. Lauderdale’s unmatched status as a marquee downtown office address is consistent with BentleyForbes’ pursuit of Class A office assets in strategic submarkets across the U.S.”
July 15 2008 | Uncategorized