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 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.
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.
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.
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, 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
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
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
Original Source Aaron’s, Inc., has signed a lease extension and expansion at Chastain Center, a six-building office park in Kennesaw, Ga., to house its IT operations. Matt Davis at Lincoln Property Company Southeast (Lincoln) represented the landlord, TerraCap Management. Aaron’s … Read More
By Ashley Fahey, Staff Writer Charlotte Business Journal | Original Source Two office buildings in Charlotte’s airport submarket were recently sold for nearly $8.2 million. Forest Park II and III, at 820 and 701 Forest Point Circle, were acquired by … Read More
By John Hielscher, Staff Writer | Original Source MANATEE COUNTY — For the second time in two years, the Harbour Pointe Apartments in west Bradenton has been sold. Making its fourth multifamily purchase in Manatee, General Services Corp. paid $27.6 … Read More
ATLANTA (Aug. 12, 2016) – Real estate fund manager TerraCap Management, LLC, has acquired Sugarloaf VI and VII, two Class A office buildings totaling 161,183 square feet in Duluth, Georgia, for $25.37 million. “This acquisition highlights again our commitment to … Read More
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
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
By Brent Batten, Naples Daily News | Original Source If you’ll allow me the indulgence of paraphrasing Shakespeare twice in the same week, the governors doth protest too much, methinks. Governors Jerry Brown of California and Terry McAuliffe of Virginia … Read More
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
Original Source Private equity fund manager, TerraCap Management, LLC, has purchased Bailey Park, a five-building 198,475-square-foot industrial/flex park located in Kennesaw, Georgia, for $18.3 million. The acquisition marks the company’s first transaction outside the state of Florida where it has … Read More
By Jarred Schenke, Bisnow, Atlanta | Original Source Fresh from amassing a 2M SF portfolio of Florida office properties, TerraCap Management has picked up a 301k SF Kennesaw office park. The firm bought Chastain Center, a six-building campus that’s currently … Read More
ORLANDO, Fla. (Feb. 3, 2016) – Private equity fund manager, TerraCap Management, LLC, has purchased the Lake Destiny Executive Center, an 80,464-square-foot multi-tenant office complex in Maitland, for $5.08 million. The Class-A complex is comprised of Lake Destiny Executive Center … Read More