By Jay Parsons | Original Source Like many other markets, elevated apartment supply volumes are doing little to slow down momentum in Orlando. In fact, the market is back around recent highs for both occupancy rates and rent growth.
From Tampa Hillsborough Economic Development Corporation | Original Source Phil Weber and Hans Kaunath of CBRE in Tampa had been working closely with client TerraCap Management to reintroduce Tampa International Business Center – formerly Lakeside Technology Center – to the … Read More
From Business Observer | Original Source A Bonita Springs-based investment firm has acquired four suburban Sarasota office buildings for $37.1 million, in one of the largest commercial real estate sales of 2015 in Southwest Florida. TerraCap acquired Gateway at a … Read More
Bonita Springs-based investment adviser, TerraCap Management, LLC, has facilitated a trade between two private shareholders of its real estate private equity fund, TerraCap Partners II, LP. The trade was accepted on April 3, 2015 at a 15.8% premium; market price … Read More
From Business Observer | Original Source Neal Communities has begun clearing land for its newest community in Lee County—Oaks of Estero—located in Estero off Block Lane west of River Ranch Road and just steps from Estero Community Park. Oaks of … Read More
215 Celebration Place, Orlando, FL Celebration Center is a 125,974 square-foot Class A office building located on Celebration Place in Celebration, Florida. This property was developed in 2001 as part of the commercial plan for the Walt Disney-inspired community of … Read More
3802 Corporex Park Dr., Tampa, FL Eastpointe is a Class B office building TerraCap acquired in March 2014 and is located in the I-4 Tampa Bay Corridor submarket. The building was 81% occupied at acquisition. TerraCap has been in contact … Read More
6700 Lakeview Center Dr., Tampa, FL Lakeview Center is an 187,992 Class B office building TerraCap acquired in March 2014, and is located in the I-4 Tampa Bay Corridor submarket. The property has been well maintained, with recent capital upgrades … Read More
2601 Blair Stone Road, Tallahassee, FL Capital Commerce Center is a 274,440 square feet (248,834 square feet rentable) Class B office building located on Blair Stone Road in Tallahassee, Florida. TerraCap made this acquisition on December 2, 2013. This property … Read More
4310 Metro Parkway, Fort Myers, FL Colonial Corporate is a three-story, Class B office building built in 1989 and located on Metro Parkway in Fort Myers, FL. It covers 66,000 gross square feet and sits on a 4.47 acre parcel. … Read More
5570 Idlewild Ave., Tampa, FL Tampa International Business Center (TIBC) is a six-building portfolio of 329,419 square foot Class B offices located on Hoover Boulevard in Tampa, Florida. This portfolio consists of five one-story buildings and one two-story building built … Read More
1751 Four Mile Cove Parkway, Cape Coral, FL Coral Cove was constructed in 2001 as a 288-unit apartment community. In 2005, the property underwent a condo conversion in which 92 units were sold, the highest sale at $220,000. TerraCap purchased … Read More
13100-13000 Westlinks Terrace, Fort Myers, FL Built in 2003, the property is directly north of the Southwest Florida International Airport, which serves over 8 million passengers per year, and 2 miles east of Interstate 75, the longest and one of … Read More
12600-12621 Corporate Lake Drive, Fort Myers, FL Eastlinks is a four-building, 174,850 square-foot office/flex complex adjacent to Westlinks Gateway and Gateway RSW International. The complex is comprised 65% of office space and 35% of warehouse space. Occupancy is presently 61%, … Read More
12291 Towne Lake Dr., Fort Myers, FL North Gateway Office Center LLC is a 36,240 square foot industrial/flex building located in the northern end of TerraCap’s Gateway portfolio. This asset has approximately 12,000 square feet of office/showroom in place; the … Read More
11281 Summerlin Square Dr., Fort Myers, FL This previously owned property is a 120-room limited-service hotel, inclusive of 42 suites, located in Fort Myers Beach, Florida. The hotel was built in 2001 and was previously renovated in 2007. It is … Read More
28600 Trails Edge Blvd., Bonita Springs, FL The LaQuinta Inn & Suites is an 87-room, 66,720 square-foot hotel located in the heart of Bonita Springs, Florida and sits on 3.09 acres of land. The site is located on Trails Edge … Read More
Jones Loop Rd., Punta Gorda, FL The Jones Loop Land Assemblage consists of 171.54 acres in Punta Gorda, Florida and took over 25 years to consolidate approximately 40 separately owned parcels. This proposed regional mall/mixed-use activity center location represents one … Read More
Burnt Store Rd., Punta Gorda, FL The Punta Gorda Reserve site consists of 78.86 acres located in Punta Gorda, Florida, with frontage along one of the last remaining growth corridors in Southwest Florida, Burnt Store Road. The property is zoned … Read More
Puerta del Sol, Kissimmee, FL Located in Kissimmee, Florida, The Villa Sol site consists of 17.18 acres and is being rezoned for 70 single-family residential units. Previously cleared and graded for residential development, no current vertical improvements exist on the … Read More
The Palms of Estero site consists of 10 acres located in the heart of Estero, Florida, zoned for 32 single-family residential units. The site is located on Block Lane which is quickly accessible to Corkscrew Road and minutes away from … Read More
1 South School Avenue, Sarasota, FL Sarasota Sun center is a 10-story, 95,000 square-foot Class A office building located at the intersection of South School Avenue and Main Street in downtown Sarasota, Florida. The downtown area is home to numerous … Read More
By Keith Loria, Contributing Editor | Original Source Bradenton, Fla.—Terracap Management has acquired Harbour Pointe Apartments, a 234-unit apartment community in Bradenton, Fla., from MK Equity Corporation for $21.115 million. Capstone Apartment Partners represented the seller in the off-market transaction, … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: Freehold Properties LLC (manager: Patricia Henry), Russellville, Ark. SELLER: Coconut Office Center LLC PROPERTY: 23421 Walden Center Drive, Bonita Springs PRICE: $1.44 million PREVIOUS PRICE: $800,000, August 2012 LAW … Read More
Written by Urban Tallahassee – Reposted from urbantallahassee.com BUSINESS – The Capital Commerce Center is a grand 6-story building overlooking Blair Stone Road. It is situated directly across from the Florida Department of Environmental Protection’s Bob Martinez Center and the … Read More
Join NAI TALCOR for a Tour of the New Office Renovations at Capital Commerce Center on Thursday, February 19th, 2015! Office Tour of Capital Commerce Center at 2601 Blairstone Road, Tallahassee, Florida 32309 Come out on Thursday, February 19th, 2015 … Read More
GAINESVILLE, Fla. – TerraCap Management, LLC was named to the University of Florida’s inaugural 2015 Gator100 during a ceremony Feb. 6 at UF’s J. Wayne Reitz Union Grand Ballroom. Sponsored by UF, the Warrington College of Business Administration and the … Read More
On Thursday, January 29, 2015, Wharton Real Estate Investment Group (WREI) held a meeting on Real Estate Outlook and Opportunities. The panel included Robert Gray, Managing Partner and CIO, TerraCap Management, Jody Kriss, Co-Founder and CIO, East River Partners (W’97), … Read More
By BUSINESS OBSERVER | Original Source TAMPA — WellCare Health Plans Inc. has agreed to lease a 76,120-square-foot office building in Tampa International Business Center. TerraCap Management LLC owns the building, located at 5301 Idlewild Ave., Tampa. Phillip Weber and … Read More
