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Prime Group Acquires Office Building Located At 395 Broadway In Saratoga Springs, Ny

Aug 17, 2023•about 2 years ago

Acquiring Company

Prime Group Holdings

Acquired Company

Office Building

Real Estate InvestmentCommercial Real EstateReal Estate

Description

Prime Group Holdings, LLC (“Prime Group”), a vertically-integrated private equity real estate firm, today announced it has acquired 395 Broadway, a two-story, 25,000 square foot office building in Downtown Saratoga Springs, New York. The purchase was coordinated by Robert and Lisa Moser on behalf of Prime Group. Mr. Moser is Prime Group’s Founder, Principal and Chief Executive Officer.

Company Information

Company

Prime Group Holdings

About

The three self storage portfolios, comprised of 30 properties across 10 states with approximately 1.725 million rentable square feet, have been acquired by Prime Group Holdings, LLC. The facilities will be managed and operated under the Prime Storage brand.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed