OUR PROJECTS

Bolt-on acquisition adds 100,000 parking spaces in 19 new markets, creating new national parking platform

DALLAS – August 19, 2024 – The Broe Group, a multi-billion-dollar, privately-held investment company with holdings in strategic markets across the United States, has joined Hudson Valley Parking Trust to acquire 100% of Dallas-based Platinum Parking. The new acquisition expands the parking partners’ operational reach into 19 new markets across six high growth states.

Platinum Parking is the group’s second major parking operation acquisition in the past 30 days. Pairing The Broe Group’s deep real estate knowledge with Hudson Valley Parking Trust’s extensive parking operational experience, the partners previously acquired ICON Parking on July 22, 2024.

“The acquisition of Platinum Parking provides market expansion into the nation’s highest growth centers, while broadening the reach of a true customer-focused parking network,” said Hudson Valley Parking Trust founder Jerry Skillett. “We are redefining the parking experience for our customers and market expansion provides greater opportunities to serve more customers in more markets.”

Platinum Parking adds more than 100,000 spaces in 300 locations. The Broe Group’s five decades of real estate acquisition expertise support Hudson Valley Parking Trust’s planned market expansion within the $9.4 billion parking industry.

“Platinum Parking adds complementary operations in strategic markets to create a national parking platform,” said The Broe Group’s Chief Investment Officer Carl Peterson. “Our joint venture with Hudson Valley Parking Trust will continue to assess strategic acquisitions and organic growth opportunities.”

Led by industry leader Jerry Skillett, Hudson Valley Parking Trust is a global parking platform with a proven record of successful industry acquisitions and asset management. In addition to the July acquisition of ICON Parking, Skillet has extensive experience in large scale parking operations and acquisitions, including constructing and operating national and international parking platforms.

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.

About Hudson Valley Trust

Hudson Valley Parking Trust (“HVPT”) is a global parking operations and investment platform founded and led by Jerry Skillett and a team of parking veterans and vertical experts that provides parking operations and proprietary parking technology and EV charging solutions to owners and managers of parking assets. With over 130 combined years of experience in the parking industry, HVPT has worked with the most successful companies in the sector and currently manages and owns an extensive portfolio of parking assets.

New partnership plans long-term growth of New York parking giant

NEW YORK – July 22, 2024 – The Broe Group, a multi-billion-dollar, privately-held investment company with holdings in strategic markets across the United States, has joined Hudson Valley Parking Trust to acquire 100% of New York City’s largest parking company, ICON Parking. Led by industry leader Jerry Skillett, Hudson Valley Parking Trust is a global parking platform with a proven record of successful industry acquisitions and asset management. The new collaboration combines The Broe Group’s deep real estate knowledge with Hudson Valley Parking Trust’s extensive parking operational experience.

“ICON Parking is the industry leader in the top parking market, and we are committed to its long-term success,” said Hudson Valley Parking Trust founder Jerry Skillett. “This new partnership adds strategic resources and relationships to fuel sustained growth.”

The Broe Group’s five decades of real estate acquisition expertise will support Hudson Valley Parking Trust’s planned market expansion for the parking operation. ICON Parking is already the largest parking operator in Manhattan with more than 150 locations across New York City. The new partnership aims to expand on the parking leader’s two million annual transactions.

“Hudson Valley Parking Trust is the premier parking operator, and we are pleased to invest alongside them in a sector adjacent to our core operating real estate platform,” said The Broe Group’s Chief Investment Officer Carl Peterson. “We look forward to growing our new partnership nationally through organic growth and future acquisitions.”

The new partnership became effective July 15, 2024. 

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.

About Hudson Valley Trust

Hudson Valley Parking Trust (“HVPT”) is a global parking operations and investment platform founded and led by Jerry Skillett and a team of parking veterans and vertical experts that provides parking operations and proprietary parking technology and EV charging solutions to owners and managers of parking assets. With over 130 combined years of experience in the parking industry, HVPT has worked with the most successful companies in the sector and currently manages and owns an extensive portfolio of parking assets.

Indiana port’s billion-dollar commerce engine is latest addition to the OmniTRAX network

MOUNT VERNON, Ind. – June 27, 2024 –  OmniTRAX, a comprehensive supply chain, industrial development, and logistics solutions partner has been named the exclusive railroad operator for Ports of Indiana – Mount Vernon. The transportation affiliate of The Broe Group, OmniTRAX operates 27 railroads, serving ports and industrial parks across the country. The new rail agreement serving the 1,200-acre port, projected to begin August 1, 2024, represents the fourth domestic port in the OmniTRAX network.

“OmniTRAX is excited to add our best-in-class rail safety and extensive real estate development capabilities to grow the port,” said OmniTRAX CEO Dean Piacente. “The Mount Vernon port provides efficient multi-modal access to the Midwest, and we are committed to helping grow existing businesses while bringing new jobs and new customers to Indiana.”

With an estimated $1.6 billion annual impact, Ports of Indiana-Mount Vernon handles more cargo than any other port in the state. The port’s eight miles of railroad track handle as many as 40,000 railcars annually, including direct unit train service for multiple customers. The OmniTRAX partnership encompasses rail service and industrial development – core areas of company expertise.

 “This is a landmark agreement for Ports of Indiana-Mount Vernon that will spur significant growth and business expansions throughout the region,” said Ports of Indiana CEO Jody Peacock. “OmniTRAX offers a unique combination of world-class rail operations and large-scale industrial development services that will help port customers grow and attract new businesses. The Mount Vernon facility is already Indiana’s largest port in terms of cargo shipments, rail traffic and developable land, and it also has the greatest potential for future growth.”

OmniTRAX will support master development of 680 available acres owned by Ports of Indiana in Mount Vernon, including a 544-acre mega site that represents the largest contiguous greenfield space within Indiana’s three port system. A billion-dollar regional energy and agricultural hub, Ports of Indiana-Mount Vernon is the closest major port to the confluence of the Mississippi and Ohio Rivers, and the closest port to the median center of the U.S. population.

About OmniTRAX, Inc.

As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. For more information visit omnitrax.com.

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.

About Ports of Indiana

Ports of Indiana is a statewide port authority operating three ports on the Ohio River and Lake Michigan. Established in 1961, Ports of Indiana is a self-funded enterprise dedicated to growing Indiana’s economy by developing and maintaining a world-class port system, and by serving as a statewide resource for maritime issues, international trade, and multimodal logistics. Information: www.portsofindiana.com

Acquisition of The Seasons of Cherry Creek joins extensive local multi-family and commercial real estate investment in Denver’s most coveted submarket

DENVER – July 25, 2023 – The Broe Group, the Colorado-based, multi-billion-dollar investment group with diversified holdings in rail and real estate, has acquired The Seasons of Cherry Creek. The signature Class A, Cherry Creek multifamily community is The Broe Group’s latest addition to its long-term, family-owned Cherry Creek holdings that include award-winning multifamily communities and an expansive Class A commercial office portfolio.

“For more than four decades, the Broe family and The Broe Group have called Cherry Creek home,” said The Broe Group’s Kiki Broe. “We have grown with Cherry Creek for generations, and we believe deeply in the future of our community. The Seasons of Cherry Creek plays a vital role in Cherry Creek’s long-term housing plan, and we are committed to ensuring that it remains a vibrant, trusted community for generations to come.”

The Seasons of Cherry Creek is a three-building, 530,575 SF complex rising from 5.2 acres along south Ellsworth in the heart of Cherry Creek. Its 587 units are home to nearly 1,000 local residents.

“The Seasons of Cherry Creek is an exceptional living community in a premier location,’ said Broe Real Estate Group Senior Vice President Josh Mesner. “As a Colorado company, we are very committed to our home market and this acquisition will be a legacy project that will serve our local community for years to come.”

Broe Real Estate Group’s acquisition of The Seasons of Cherry Creek marks one of the largest real estate transactions in Cherry Creek history.

“Cherry Creek’s long-term prosperity relies on sustained investment creating quality jobs and quality services,” said Cherry Creek North President and CEO Nick LeMasters. “The Seasons acquisition is a long-term investment in both of these essential areas, and we are thankful for local partners, like the Broe family, who continue to invest in our community’s long-term future.”

About Broe Real Estate Group
Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.

About The Broe Group

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 41 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.    

300,000 SF Spec Building Marks the First Industrial Development in Park’s Northern Phase

Jeffersonville, Ind. – December 14, 2022 – Broe Real Estate Group (BREG), the multi-billion-dollar, Colorado based developer, has begun its first industrial development project within Southern Indiana’s world-class industrial park, the River Ridge Commerce Center. BREG’s 19.5-acre site will be anchored by a 300,000 square foot Class A industrial facility within the 6,000-acre global business park.

“Demand for high quality industrial space in the Louisville, Kentucky market is at an all-time high while vacancy rates within Southern Indiana and Kentucky remain at historic low levels,” said Broe Real Estate Group’s Executive Vice President Reagan Shanley. “This spec project brings critical supply online to serve the sustained market demand and the need for modern logistics space.”

BREG’s project will feature rear load access, 36-foot clearance, and generous trailer parking space to support the highly sought needs of logistics, manufacturing, research, and technologytenants. The park’s rail infrastructure enhancements, provided by The Broe Group’s transportation affiliate OmniTRAX, continues to expand with park development to unlock rail access, shipping efficiency and low-cost transportation for new tenants. 

River Ridge’s centralized location, with strategic access to the Louisville, Kentucky metro region and central US markets, continues to attract industry leading companies – including GE, Amazon, Bose, and Medline – in sectors that span aerospace, automotive, food and beverage, information technology, life sciences, and pharmaceuticals. The park’s economic impact is as powerful as its strategic location, with an employee pool that exceeds 10,000 people and regional economic output of nearly $2.5B. Local Ford Motors and UPS facilities continue to expand and have a major influence on the region.

River Ridge Development Authority Executive Director Jerry Acy said of the project, “the River Ridge Commerce Center continues to be a magnet for growth thanks to our unparalleled logistics efficiencies and multimodal access to central US Markets. Broe Real Estate’s debut industrial project in the north end of the Commerce Center is a major development milestone and will build upon our growing reputation as a world class location for business.”

The new BREG project, planned to accommodate single or dual tenant occupancy, forecasts a summer 2023 construction commencement. Commercial Kentucky’s Robert Walker and Greg Charmoli will lead leasing activity. The project design team includes architect Ware Malcomb and the engineering services of American Structure Point.

About Broe Real Estate Group

Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 50-year history of value-add real estate investing in Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com

About The Broe Group 

Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.     

About OmniTRAX, Inc. 

As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. For more information visit omnitrax.com.