TerraCap Sells Atlanta Office Portfolio for $46M
FL-based TerraCap Management LLC, a privately held investment firm, has sold Chastain Center, a single-story office complex to Glenfield Capital in Atlanta for $46.1 million.
TerraCap pays $77.5 million for Centerpoint I & II
Investcorp and Schnitzer West announced that TerraCap Management, a privately held investment firm with its headquarters in Estero, Florida, has purchased Centerpoint I & II in Denver for $77.5 million.
TerraCap Management Acquires Resource Square IV in Charlotte, NC
Resource Square IV is a five-story office building, totaling 152,000 rentable square feet and is located in a five-building office park. TerraCap acquired three of the buildings in the park, Resource Square I, II & V, in August. Adding Resource Square IV to the portfolio gives TerraCap the opportunity to increase operating efficiencies and reduce costs between the buildings.
Florida-based Investment Firm Acquires Denver Corporate Center for $71.7M
TerraCap Management LLC, a privately held investment firm headquartered in Estero, Florida, has acquired Denver Corporate Center II & III in the Denver Tech Center, for $71.710 million.
Large Sarasota office complex fetches $45.2 million
SARASOTA COUNTY — In one of the region’s largest commercial real estate deals this year, a private equity firm has purchased the Gateway Professional Center for $45.2 million.
TerraCap Management Acquires Resource Square I, II & V in Charlotte, NC
TerraCap Management LLC, a privately held investment firm with its headquarters in Estero, Florida, announced today the acquisition of Resource Square I, II & V in Charlotte, NC for $59,300,000.
TerraCap Management Acquires Lake Point Business Center in Orlando, FL
TerraCap Management LLC, a privately held investment firm with its headquarters in Estero, Florida, announced today the acquisition of Lake Point Business Center in Orlando, FL for $17,625,000.
TerraCap Management Sells Single-Story Office Portfolio in Northern Atlanta Suburb for $16.85 Million
TerraCap Management LLC, a privately held investment firm based out of Estero, Florida, announced today the sale of Royal 400 Office Center for $16,850,000.
TerraCap Management Acquires 160 Clairemont in Decatur, GA
“We feel fortunate to own this asset and transact off market again, leveraging our long-standing record as a highly reliable buyer that closes on time and without incident,” said Steve Hagenbuckle, Founder and Managing Partner of TerraCap.
TerraCap Management Acquires Preston Park Financial Center in Plano, TX
TerraCap Management LLC, a privately held investment firm with its headquarters in Estero, Florida, announced today the acquisition of Preston Park Financial Center in Plano, TX.
TerraCap Management Acquires 850 Trafalgar in Maitland/Orlando, FL for $13.8 million
850 Trafalgar is a multistory, Class B office building with +/-150,000 rentable square feet. The property is conveniently located in the heart of Maitland Center, offering many nearby tenant amenities including shopping, dining, and fitness.
TerraCap Management Acquires 200 Ashford Center in Atlanta, GA for $24.6 million
TerraCap Management LLC, a privately held investment firm with its headquarters in Naples/Estero, Florida, announced today the acquisition of 200 Ashford Center in Atlanta, GA for $24,620,000.
TerraCap Acquires Creative Flex/Office Portfolio in Northern Atlanta
TerraCap Management LLC, a privately held investment firm based out of Naples, Florida, announced today the acquisition of Peachtree Technology Park for $27,919,000.
Florida investor snaps up Addison tower
A high-profile Addison office tower has a new owner. The 11-story Addison high-rise is located near the southwest corner of the Dallas North Tollway and Belt Line Road in the Quorum office park.
TerraCap Management Acquires 23Thirty, Atlanta MF, for $28M
TerraCap Management has acquired 23Thirty, a 222-unit apartment community located on Cobb Parkway near the iconic SunTrust Park in Atlanta for $27.7 million.
TerraCap Completes Upgrades, Boosts Leasing at GA Office Park
A capital improvement plan undertaken by owner TerraCap Management combined with a prime location and Gwinnett County, Ga., tax incentives have enabled Lincoln Property Co. Southeast to boost leasing at a 253,000-square-foot office park from 57 percent to 83 percent in less than a year.
TerraCap Management Shifts from Primarily Buying to Selling Office Assets
That was when TerraCap sold its six-building Tampa International Business Center, containing 324,654 square feet in the city’s Westshore Business District, to Real Estate Value Advisors LLC for $45.05 million.
TerraCap Trades Orlando Office for $28M
TerraCap Management has sold Keller Center, a 159,840-square-foot office building north of Orlando, Fla., for $27.9 million. The buyer was Susquehanna Holdings, according to GrowthSpotter. The new owner financed the acquisition with a $21.7 million loan with a fixed interest rate and a 30-year amortization period. A CBRE team represented the seller and secured financing for the buyer.
TerraCap Snags $39M Orlando Office Portfolio
After the $28.1 million sale of a Tampa office property, an affiliate of TerraCap Management has acquired Resource Square I and III, a Class A office portfolio in Orlando, Fla., for $39.2 million. HFF represented the seller, an affiliate of Banyan Street Capital and funds managed by Oaktree Capital Management, in the transaction. The property was sold free and clear of financing.
Tampa’s Lakeview Center Sold for $21.8 Million
TerraCap Management, a commercial real estate investment management company based in Florida, has sold Lakeview Center in Tampa for $21.8 million.