FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Alvarez & Marsal Assisting U.S. Navy in Developer Search for Maryland Site

July 09, 2014, 07:15 AM
Filed Under: Industry News

Alvarez & Marsal Real Estate Advisory Services announced it is assisting the U.S. Navy in a search for a developer for a 12-acre site in Southern Maryland. The Navy has issued a request for qualifications for a lease opportunity at Navy Recreation Center (NRC) Solomons, located in Solomons, Maryland. The move is part of the Navy’s Enhanced Use Lease (EUL) program, which A&M has been supporting in a consulting capacity for the past several years.

NRC Solomons is the Navy’s largest outdoor recreation facility, providing indoor and outdoor lodging among other amenities. It is located at the intersection of the Patuxent River and Chesapeake Bay at the southern tip of Calvert County, about 70 miles outside of Washington, D.C. The Navy seeks to competitively select one entity to develop, operate and maintain the facilities within the EUL site for the term of the lease as well as provide cash and/or in-kind consideration to the Navy.

Privately-held since 1983, A&M is a leading global professional services firm that delivers performance improvement, turnaround management and business advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action.

A&M’s Real Estate Advisory Services delivers results-focused insights to management and investors seeking to accelerate performance, overcome challenges, and maximize the value of their real estate holdings. The team applies proven experience across a range of industries and property types to provide credible real estate services for clients.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.