Real Estate

Chafia Capital Partners places utmost priority in acquiring assets that it perceives to be undervalued or positioned for redevelopment

Overview and philosophy

Since 2003, Chafia Capital Partners and its affiliates have invested in numerous mixed use, multi-family, and industrial commercial properties. Current and past investment interests include hospitality, parking, manufacturing, hundreds of residential and commercial units, as well vacant developable land. Chafia Partners continues to concentrate on acquiring new real estate investments, along with efficiently and attentively managing its existing real estate portfolio.

Real estate investments should be viewed in a comprehensive managerial sense like any business. Attention should be given to all functional areas, including operations and property management. This is accompanied by overhauling the manner in which certain properties are approached in terms of capital improvements and cost management as well as marketing as it relates to leasing and product positioning. Ideal opportunities may also arise for the development of non-traditional property types and the redevelopment of existing sites located in markets in which additional new construction is not practical. Commercial real estate that is either abandoned or perceived as to having limited potential use by the marketplace can prove to be very compelling to Chafia Capital’s creative management team.

Strategic Development Case Studies

Parking & Hotel Mixed Use Development

New Jersey

Chafia acquired this defunct, abandoned warehouse in 2011. The team was able to successfully develop this into a successful indoor parking garage and is further developing a 3-story hotel on top of the garage to capitalize off the growing travel industry.

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Food Processing & Cold Storage

New Jersey

Strategic bankruptcy acquisition of a food processing and cold storage business, and the accompanying real estate asset which was a former Haagen-Dazs manufacturing facility. Chafia implemented strategic initiatives that improved revenue growth by 500% since acquisition.

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Portfolio

The Chafia Capital Partners portfolio showcases its established presence across multiple asset classes.

SNAP Parking

Newark, NJ

SNAP Parking

Formerly an abandoned warehouse for over 40 years, SNAP Parking opened in 2012 after just one year of construction from zoning approvals to completion. The facility is the largest indoor off-airport parking garage serving Newark Airport with over 230,000 SF of parking space and a 24x7 full-service valet and shuttle operation.

Comfort Inn & Suites

Newark, NJ

Comfort Inn and Suites Newark Liberty International Airport

Comfort Inn & Suites

Comfort Inn & Suites hotel on top of the 6-story SNAP Parking garage will comprise 3 levels and have 110 guest rooms, along with amenities such as outdoor balcony, bar and breakfast lounge, fitness center, business center, and meeting facilities. This 72,000 SF development is phase II of the transformative improvement of a property that was formerly vacant for 40 years.

Courtyard by Marriott

Hershey, PA

Courtyard by Marriott

The award-winning Courtyard Marriott on E Chocolate Avenue, Hershey, was developed in joint venture with Shaner Hotels. This 120-room 4-story hotel is located moments away from major attractions including Hershey Park and the Giant Center. With amenities including a fitness room, indoor pool, business center, and 1,000 SF of meeting space, this hotel was named the 2017 Marriott Opening Hotel of the Year.

TownePlace Suites

Hershey, PA

TownePlace Suites

Under development, an 84-room TownePlace Suites by Marriott is located just minutes from Hershey Park on a busy main street in the heart of Hershey, PA. This hotel is within walking distance to the historical downtown area and will feature a visitor center for the town of Hershey.

Residence Inn

Tierra Verde, FL

Residence Inn

Situated on the beautiful Tierra Verde Resort Marina, the 6-story 95-suite Residence Inn by Marriott St. Petersburg Tierra Verde offers direct open water access as well as convenient access to downtown St. Petersburg. This property features a rooftop restaurant with 360-degree views, a Fitness Center, outdoor pool, and 875 SF event space.

Crossroads

Honolulu, HI

Crossroads

Constructed on vacant land in a heavily industrial area in need of redevelopment, Crossroads at Waipio opened in 2016 as a contemporary retail center. Conveniently located at the heart of Waipio, close to Pearl Harbor and Honolulu Airport, this location provides excellent visibility and accessibility.

Fairfield Inn & Suites

Harrisburg Airport, PA

Fairfield Inn & Suites

Completed in September 2018, this 123-room hotel is conveniently connected to the Harrisburg International Airport terminal via walkway and includes amenities such as fitness room, business center, lobby lounge, full-service bar, 1,600 SF of meeting space.

Home2Suites by Hilton

Daytona Beach Speedway, FL

Home2Suites by Hilton

Located off I-95, Home2Suites by Hilton in Daytona Beach Speedway, FL is across the street from the Daytona International Speedway and just minutes from NASCAR HQ, UCF Daytona Beach, and Daytona Beach International Airport. Hotel rooms feature an in-suite kitchen, daily free hot breakfast, and an outdoor pool.

Hershey Executive Center

Hershey, PA

Hershey Executive Center

The first development on vacant land formerly housing a failing auto dealership, The Hershey Executive Center is an office building overlooking the Hershey Country Club and Spring Creek golf courses and located in close proximity to Hershey Park.

Industrial Center

Western, NJ

Industrial Center

This property consists of 49 acres of farmland in Northwest New Jersey and is anticipated to be developed into a 400,000 SF industrial building. The location is conveniently nearby a major corridor leading into North Jersey and New York City.

MedExpress Urgent Care

Hershey, PA

MedExpress Urgent Care

Completed November 2017, this MedExpress urgent care medical facility was our third development in Hershey and offers walk-in treatment as well as advanced services including X-rays, IVs, laboratory services, stitches and treatment for broken bones, sprains, and strains.

Food Processing Facility

Independence, IA

Food Processing Facility

Formerly a Blue Buffalo plant run by General Mills, this 125,000+ SQ FT facility has a production capacity of 150+ million lbs. Re-established in 2023, this plant has plans for $15M in facility improvements and will be compliant with all USDA and FDA certification requirements.

NYC Multifamily Development

Manhattan, NY

NYC Multifamily Development

Located in the vibrant and historical Marble Hill / Inwood area of upper Manhattan, this 8,000 SF site has recently obtained approvals to build a residential building with amenities.

Food Processing & Cold Storage Facility

Woodbridge, NJ

Food Processing & Cold Storage Facility

Formerly the Haagen-Dazs ice cream plant, this 110,000 SF industrial property set on 5+ acres and located just 10 miles from Port Newark has undergone over $6 million in renovations and upgrades. It features 1 million cubic feet of freezer storage with AS/RS computerized crane, multiple refrigerated loading docks, and 90,000+ SF of leasable space, currently in use as a USDA SQF 2000 Level 2 Certified processing facility.

Queens Multifamily

Long Island City, NY

Queens Multifamily

This multi-family residence provides sleek modern interiors featuring wide plank flooring, expansive windows, Kohler bathrooms, Italian porcelain tiles, and modern custom crafted kitchens with quartz countertops. Exposures feature private balconies or views overlooking the LIC neighborhood and the Queensboro Bridge.

Vinoteca

East Rutherford, NJ

Vinoteca

Located at the American Dream Mall in East Rutherford, New Jersey, this self-serving wine experience features cutting-edge, interactive wine and beer machines that offer 64 wines and 4 self-serve beer taps.

Industrial Development

Western, NJ

Industrial Development

Located in western New Jersey, this approved 576,000 SF industrial warehouse site on 37 acres benefits from close access to a major highway with direct access to the New York metro area, Philadelphia, and Eastern PA. This property is in one of the fastest growing industrial/warehouse regions in the country.

Hershey Land Development

Hershey, PA

Hershey Land Development

On the site of currently vacant land are plans for a two-story 20,000 SF medical office building adjacent to Courtyard by Marriott Hershey and Hershey Executive Center.