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

TerraCap Buys Second Kennesaw Office Helping

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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

Prominent Broker Ian Black to Relocate HQ

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By businessobserverfl.com | Original Source SARASOTA – Ian Black Real Estate plans to move its corporate headquarters to Kane Plaza in downtown Sarasota in early 2016. In moving to the new offices, about 4,000 square feet, the prominent Sarasota-based commercial … Read More

Orlando’s Apartment Market is Heating Up

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By Jay Parsons | Original Source Like many other markets, elevated apartment supply volumes are doing little to slow down momentum in Orlando. In fact, the market is back around recent highs for both occupancy rates and rent growth.

For CBRE and WellCare, the Second Time is the Charm

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From Tampa Hillsborough Economic Development Corporation | Original Source Phil Weber and Hans Kaunath of CBRE in Tampa had been working closely with client TerraCap Management to reintroduce Tampa International Business Center – formerly Lakeside Technology Center – to the … Read More

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