News

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.

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.

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.

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

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

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

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

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