Cheslock, Bakker & Associates (CBA),  a private merchant bank specializing exclusively in equity and debt real estate investments, created the Cheslock, Bakker Opportunity Fund, L.P. in 1999.
ENTER
 
The CBA investment team, led by Stanley V. Cheslock and Paul M. Bakker, possess a unique combination of "bricks and sticks" real estate knowledge and capital markets expertise. 

Based on this expertise, the Opportunity Fund is particularly well-positioned to take advantage of the significant changes occurring in real estate capital markets and earn superior returns for investors.

Fund.CBA.com is exclusively for  Cheslock Bakker, Opportunity Fund Investors.
For information on Cheslock, Bakker & Associates, please contact us.

INVESTMENTS

Pacific Design Center
West Hollywood, CA

The Pacific Design Center , recently repositioned as the Pacific Green Offices and Pacific Blue Showroom, is the dominant design center for the Pacific Rim and offers office tenants unique and creative space in a tight market.  PDC contains approximately 1.2 million square feet, in two buildings which were designed by Cesar Pelli, the architect who subsequently designed both the World Financial Center in New York City and Canary Wharf in London.  Cheslock, Bakker was attracted to PDC due to its intrinsic asset quality as well as the dynamics of the purchase opportunity.  The Opportunity Fund partnered with Cohen Brothers Realty Corporation to acquire the property in October 1999.
 

  
Merritt on the River
Norwalk, CT

In June 1999, the Opportunity Fund acquired a partnership interest in the Merritt Property which includes two buildings, formerly occupied as the corporate headquarters of Caldor.  Merritt on the River enjoys a picturesque riverfront location in Fairfield County, with excellent access from an adjacent Metro-North commuter rail line as well as Route 7 and the Merritt Parkway (Route 15). Built in three stages in the 1920’s, 1940’s and 1970’s, the main building is structurally sound and offers attractive floor plates in excess of 40,000 square feet per floor with significant window coverage of the riverfront view.  The property was renovated in 2000.

 


Downtown Athletic Club - 19 West Street
New York, NY

The Downtown Athletic Club, home of the Heisman Memorial Trophy, is a 35-story building well-located at 19 West Street in downtown Manhattan.  The Property includes modern training machines, an Olympic size swimming pool, squash, handball and racquet ball courts, a hardwood floor basketball court, and private dining  facilities.  The immediate neighborhood has been and continues to be the subject of substantial investments in residential, office and hotel properties. The Fund acquired 19 West Street in June 1999 out of the bankruptcy of the Club and immediatedly divided the property into two condimiums, selling the lower floors, including the Heisman room and athletic facilities to the Club.  The sale of the upper floors of 19 West Street in August 2000 created a substantial profit on the Fund's investment.
 
 
 

Cheslock, Bakker & Associates, Inc.
Financial Centre - 695 East Main Street
Stamford, CT 06901
Tel: 203.969.0513
Fax: 203.969.0525
For CBA investment program details, please contact Clayton (Chip) Andrews