News

TerraCap Management LLC continues to build its Denver portfolio, acquiring Cherry Creek Plaza I and II for $54.59 million, or $162.93 per square foot.

JLL announced today that it has closed the $50.4 million sale and financing of Resource Square One and Three, a two-building, Class A office portfolio totaling 245,111 square feet in Orlando, Florida.

TerraCap Management LLC, a privately held investment firm based out of Estero, Florida, announced today the sale of The Arbors Apartments.

Privately held investment firm TerraCap Management has sold Lake Destiny, a four-story, 57,392-square-foot office building in Orlando’s Maitland submarket for $7 million.

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.

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.

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.

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.

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 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 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 LLC, a privately held investment firm based out of Estero, Florida, announced today the sale of Royal 400 Office Center for $16,850,000.

“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 LLC, a privately held investment firm with its headquarters in Estero, Florida, announced today the acquisition of Preston Park Financial Center in Plano, TX.

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 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 Management LLC, a privately held investment firm based out of Naples, Florida, announced today the acquisition of Peachtree Technology Park for $27,919,000.

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 has acquired 23Thirty, a 222-unit apartment community located on Cobb Parkway near the iconic SunTrust Park in Atlanta for $27.7 million.

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, a commercial real estate investment management company based in Florida, has sold Lakeview Center in Tampa for $21.8 million.

Office building’s price is $4.85 million higher than what was paid for it in 2014

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.

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 Management LLC has retained commercial real estate brokerage firm CBRE Group to lease a four-building, Class A office complex in Sarasota County.

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.