What We Offer: Real Estate Investments

Jefferson Square

Lesha Bank acquired Jefferson Square, a class A multifamily residential building, in June 2017. The property is one of the few class A multifamily residential properties in central Baltimore with more than 300 apartments and in close proximity to John Hopkins University. Jefferson Square is the second US real estate exit of the bank in May 2022.

Kennedy Flat

Lesha Bank acquired a 99% stake in 1 Kennedy Flats, a 374-unit class A multifamily residential building in Connecticut in May 2018. The property was built in 2016 and situated within the walking distance from both the Danbury Metro North Train Station. Kennedy Flat is the first US real estate of which Lesha bank has exited in October 2021.

90 North Corporate Campus

Lesha Bank completed a $117 million off-market acquisition of 90 North, a four-building, 262k-square-foot office campus located in Bellevue, Washington in January 2020. The property is fully rented by two tenants T-Mobile and Mindtree.

The 90 North Corporate Campus is a four-building class “A” campus property situated on approximately 20 acres and strategically located at Seattle, Washington. The campus is ideally located in Eastgate, the heart of the I-90 suburban corridor which provides prime freeway access, proximity to the best executive housing in the region, a strong roster of corporate tenants, and a low vacancy rate. The campus features an on-site food court, café, fitness center, conference facility, courtyard with outdoor seating and recreational activities, and ample surface parking.

BSN Sports’ HQ Building Varsity Brands

Lesha Bank completed a $41million acquisition of Varsity Brands, a three story, 135,0000 square foot building in Texas, USA in august 2020.

Varsity Brands currently serves as the headquarters for BSN sports, which is the leading marketer, manufacturer and distributor of sporting goods apparel and equipment in USA. BSN Sports, markets and distributes its products to over 100,000 institutional and team sports customers in colleges and universities, middle and high schools, and recreational programs throughout the United States via catalog, e-commerce, and direct sales.

The Property expands within a land size of 8.41 AC with 600+ plus employees working including sales, customer support, and corporate executives. Property was awarded LEED silver certification in early 2019 and is located 11 miles north of downtown Dallas and within the larger Dallas- Fort Worth metropolitan area.

The Grand 2 At Papago Park Center

Lesha Bank acquired The Grand 2 at Papago Park Center, a 358,800 square foot newly completed state-of-the-art Class A office building that is 100% leased to Door Dash under a 15-year triple net lease (NNN), located in Tempe, Arizona – United States, part of the metro Phoenix market.

Developed and managed by Lincoln Property Company, The Grand 2 is comprised of a nine-story, best in class, LEED Silver certified building built in 2020 and a seven-level parking structure providing 1687 parking spots. The Grand 2 has the capacity to house approximately 2000 DoorDash employees, making it the company’s largest facility. Located within Papago Park Center, a 350-acre, mixed use development spanning 2.6 MSF, the area is a hotbed for multifamily development with 1,316 units and the exquisite high-end Papago Hills retail center, providing a plethora of on-site restaurants for tenants.

DoorDash is a highly renowned American technology company founded in Palo Alto, California, “Silicon Valley.

Waterway Plaza I

Lesha Bank completed the acquisition of Waterway Plaza I in January 2021 , a class A+ office tower spanning more than 223,0000 square foot located in suburban Houston, Texas, USA.

Waterway Plaza I is an immaculate and truly stunning Class A+ building located in the Woodlands, the most desirable suburban area of Houston. A testament to its architectural merits and spectacular design, the office tower was awarded the 2012 TOBY (“The Outstanding Building of the Year”).

Healthcare Technology Company (Phase I)

Lesha Bank acquired of phase 1 of Healthcare technology company Headquarters in Columbus, Ohio in the USA in May 2021.

This acquisition marks Lesha’s Bank 7th sharia compliant real estate investment in the Unites States and comes as a significant addition to the Bank’s presence in the US real estate market.

The newly acquired property is a fully built-to-suit 218,000 square foot trophy office building completed in 2021 with 100% leased on a 10-year NNN lease. The Lesha Bank acquired building will serve as the first phase of the corporate campus for Healthcare technology company, with the second phase planned to be completed by the fourth quarter of 2022.

Fourteen555

Lesha Bank completed the acquisition of Fourteen555, a class AA office building located in the desirable Lower Tollway Corridor in Dallas, Texas in September 2021.

Fourteen555 is a recipient of the 2020 Southwest Region TOBY (The Outstanding Building of the Year) award, Fourteen555 is a best-in-class luxurious office building with a host of amenities including a courtyard with outdoor seating, green spaces, and an entire three-story separate Hub building featuring a state-of-the-art conference center, cafe with terrace, fully equipped fitness center, rooftop lounge and event space.

This six-story class AA office building is 100% leased by a roster of 8 tenants and exhibits a weighted average lease term of 11 years with no major rollover before 2029. The building serves as HQ for Occidental Petroleum’s chemical division OxyChem, and includes billion-dollar revenue firms such as Moss Adams and Infor as other major tenants.

Ten West Corporate Center One

Lesha Bank acquired Ten West Corporate Center One, a 199,000 square foot Class-A, impeccably-maintained and institutionally-owned office building located in Houston’s Energy Corridor.

Property is fully leased to Wood Group Mustang, Inc, a subsidiary of the British industrial services firm, John Wood Group plc (LSE: WG) which offers engineering, procurement, and construction management services globally.

This four-story class A office building is part of a group of office buildings that collectively serve as the national headquarters for Wood Group. The amenity rich office space is strategically located on Interstate-10, a cross-country highway that runs from California to Florida.

Wood Group’s occupancy at the building commenced over 20 years ago, and over time expanded to occupy 100% of the space. The proximity to several of its energy sector clients make this location mission critical for the tenant. The multiple lease renewals and the millions of dollars spent on improvements over the last 15 years speak volumes about Wood Group’s commitment to the building.

Gateway, Plaza Richmond, Virginia

Lesha Bank acquired The Grand 2 at Papago Park Center, a 358,800 square foot newly completed state-of-the-art Class A office building that is 100% leased to Door Dash under a 15-year triple net lease (NNN), located in Tempe, Arizona – United States, part of the metro Phoenix market.

Developed and managed by Lincoln Property Company, The Grand 2 is comprised of a nine-story, best in class, LEED Silver certified building built in 2020 and a seven-level parking structure providing 1687 parking spots. The Grand 2 has the capacity to house approximately 2000 DoorDash employees, making it the company’s largest facility. Located within Papago Park Center, a 350-acre, mixed use development spanning 2.6 MSF, the area is a hotbed for multifamily development with 1,316 units and the exquisite high-end Papago Hills retail center, providing a plethora of on-site restaurants for tenants.

DoorDash is a highly renowned American technology company founded in Palo Alto, California, “Silicon Valley.

Healthcare Technology Company (Phase II)

Lesha Bank acquired the phase II of Healthcare technology company headquarters situated in Columbus, Ohio in November 2022. The SMART designed building is a fully build-to-suit 200,000 square foot trophy office with striking architecture. It aims to be one of a handful of buildings in the US to achieve both LEED and WELL platinum certifications. The building is 100% leased on a long-term basis. The tenant is an American company operating in the health information technology sector, the parent company of which is a Fortune 100 company (Phase I of the Campus acquired in May 2021).