TerraCap Completes Upgrades, Boosts Leasing at GA Office Park

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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 Trades Orlando Office for $28M

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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

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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.

CBRE SELLS OFFICE BUILDING IN ORLANDO, FLORIDA FOR $21.8 MILLION

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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

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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 Sells 261,000-Square-Foot Tallahassee Office Building

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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.

Tampa International Business Center Sells for Over $45 Million

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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.

Florida Hospital to Move Hiring Team to Maitland

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By Mary Shanklin Orlando Sentinel | Original Source lorida Hospital purchased a Maitland office building next to Interstate 4 for $3.3 million, with plans for support staff to work there, according to the hospital. The nonprofit group’s $3.3 million acquisition … Read More

National Real Estate Investor: Shadow Tenancy

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By W. Stephen Hagenbuckle Real estate gurus frequently talk about “shadow inventory” in residential markets. But there’s a similar phenomenon occurring in the commercial real estate markets that should be encouraging for nearly every commercial real estate investor, especially ones … Read More

TerraCap Buys Atlanta Office Park from Blackstone for $61M

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By Robert Demeter, Commerce Property Executive | Original Source Huntcrest consists of four mid-rise office buildings with controlled access and tenants such as Manpower and BioLab. Atlanta–Real estate fund manager TerraCap Management LLC recently paid $61.2 million to acquire Huntcrest, … Read More

Fixer Uppers

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Tenants: Are you ready to see your new office space? By Beth Mattson-Teig | CCIM Institute | Original Source Office tenants are tired of the same four walls. They want new space, new amenities, new creature comforts. They need a … Read More

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