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.
Downtown Sarasota’s Kane Plaza office building sells for $16.35 million
Office building’s price is $4.85 million higher than what was paid for it in 2014
CBRE SELLS OFFICE BUILDING IN ORLANDO, FLORIDA FOR $21.8 MILLION
CBRE announced today the sale of 215 Celebration Place, a suburban office building in the South Orlando submarket of Celebration, Florida—a $2.5 billion, “live, work, and play” community that is home to some of the strongest demographics in Central Florida. The property consists of 125,959 rentable square feet. CBRE’s Ron Rogg, Chip Wooten and Jay Dixon represented the seller, TerraCap Management, a Florida based private equity real estate fund manager.
Lincoln Property Company Southeast Arranges Sale of Park Central Office Building
Acting in an advisory role, Lincoln assisted TerraCap Management LLC (TerraCap) in identifying and evaluating the asset for purchase. TerraCap is a Florida-based private equity firm having over $800 million in assets under management throughout the southeast. In Atlanta, TerraCap owns a portfolio of 2.3 million square feet of income-producing properties purchased since 2016.
TerraCap awards Gateway leasing to CBRE
TerraCap Management LLC has retained commercial real estate brokerage firm CBRE Group to lease a four-building, Class A office complex in Sarasota County.
TerraCap Sells 261,000-Square-Foot Tallahassee Office Building
TerraCap Management, LLC (“TerraCap”), a commercial real estate investment management company based in Florida, has sold Capital Commerce Center, a 260,900-square-foot office property in Tallahassee, Florida. The buyer, CoreCivic, is a publicly traded Real Estate Investment Trust (REIT) based in Nashville, Tennessee.
TerraCap Sells Tampa Project for $45 Million
The sale, which generated roughly $15 million in profit to TerraCap investors, represents the firm’s largest disposition to date, says Steve Hagenbuckle, a TerraCap managing partner.
Tampa International Business Center Sells for Over $45 Million
Tampa, FL – November 15, 2017 – CBRE has arranged the sale of Tampa International Business Center, a six-building office park totaling 324,654 square feet located in Tampa’s Westshore submarket. Real Estate Value Advisors, LLC, acquired the property for $45.05 million.
TerraCap Management acquires North Atlanta multifamily portfolio for $116 million
JLL’s Capital Markets experts today announced the company arranged the sale of a multifamily portfolio in Georgia on behalf of NexPoint Residential Trust (NYSE: NXRT). Florida-based TerraCap Management purchased the four complexes, which are comprised of 1,100-units, for $116 million.
NAI TALCOR Commercial Advisor, John McNeill Leases 213,000 SF to DBPR
The News Funnel | Original Source FOR IMMEDIATE RELEASE NAI TALCOR Commercial Advisor, John McNeill Leases 213,000 SF to DBPR TALLAHASSEE, FLORIDA – [June 27th, 2017] – NAI TALCOR commercial advisor John McNeill negotiated a lease for the Department of … Read More
Cushman & Wakefield Brings The Keller Center to Full Occupancy
From CityBizList.com | Original Source Cushman & Wakefield announced today that it has assisted TerraCap Management in bringing The Keller Center, a ±160,000-square-foot, Class A office building in Maitland, FL, to full occupancy. Senior Directors Rick Solik, MCR and Matthew … Read More
TerraCap Acquires Breckinridge Office Center in Duluth, Georgia
ATLANTA (June 14, 2017) – TerraCap Management LLC has acquired 3100 Breckinridge Office Center for $19,020,000 ($75 psf). 3100 Breckinridge is a seven-building, 253,000-square-foot office park located on Breckinridge Blvd. in the Duluth/Lawrenceville submarket of Metro Atlanta. The transaction closed … Read More
TerraCap Management and Partner Acquire Three Greensboro, N.C Apartment Communities
ATLANTA (June 15, 2017) – TerraCap Management LLC, in a joint venture with Willow Creek Partners LLC, has acquired three apartment complexes with a total of 456 units in Greensboro, N.C. The purchase price for the portfolio was roughly $36 … Read More
TerraCap Management Acquires Deerfield Pointe and Windward Pointe Office Developments in Alpharetta
ATLANTA (June 14, 2017) – TerraCap Management LLC closed on the Deerfield and Windward Pointe portfolio acquisition on June 2, 2017 with a purchase price of $47 million ($140 psf). The three building, Class A office portfolio consisting of 336,000 … Read More
TerraCap Management LLC Hosts 2017 Annual Meetings
Thank you to all our investors that were able to attend the 2017 TerraCap Management LLC annual meetings. This marks our ninth year of holding annual meetings in Naples, FL. This years’ meetings had record turn outs and covered all … Read More