Chaucer Creek Capital, LLC acquired Sawmill Point community in Wilmington from a joint venture between Davis Management Company, LLC, Gemini Partners LLC, Capital Properties, Inc., Wills Companies, Fideli Investments and Symphony Properties LLC for $65.3 million.
August 08, 2019
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Chaucer Creek Capital, LLC acquired Sawmill Point community in Wilmington from a joint venture between Davis Management Company, LLC, Gemini Partners LLC, Capital Properties, Inc. (OTCPK:CPTP), Wills Companies, Fideli Investments and Symphony Properties LLC for $65.3 million on August 8, 2019. Alex Okulski, John Heimburger, Dean Smith, Sean Wood, Jason Kon and John Munroe of Newmark Knight Frank represented sellers in the transaction and negotiated the sale.
Chaucer Creek Capital, LLC completed the acquisition of Sawmill Point community in Wilmington from a joint venture between Davis Management Company, LLC, Gemini Partners LLC, Capital Properties, Inc. (OTCPK:CPTP), Wills Companies, Fideli Investments and Symphony Properties LLC on August 8, 2019.
Capital Properties, Inc. is engaged in the business of leasing the Company-owned land in Capital Center (Capital Center) and property adjacent to Capital Center (Parcel 20) in downtown Providence, Rhode Island under long-term ground leases with terms of 99 years or more. The Companyâs real properties are leased either under long-term leases or short-term leases. The Company owns approximately 18 acres in Capital Center consisting of 13 individual parcels. Capital Center, which is approximately 77 acres of land, is the result of a development project undertaken by the state of Rhode Island, the City of Providence, and the National Railroad Passenger Corporation (Amtrak). The Company also owns or controls 23 locations in Rhode Island and Massachusetts on which 44 billboard faces have been constructed. The Company also leases Parcels 3E, 3W, 4E, 4W and a portion of Parcel 20 in the Capital Center Area for public parking purposes to Metropark, Ltd.
Chaucer Creek Capital, LLC acquired Sawmill Point community in Wilmington from a joint venture between Davis Management Company, LLC, Gemini Partners LLC, Capital Properties, Inc., Wills Companies, Fideli Investments and Symphony Properties LLC for $65.3 million.
CAPITAL PROPERTIES, INC. 
