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
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
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.
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
From Business Observer | Original Source A Bonita Springs-based investment firm has acquired four suburban Sarasota office buildings for $37.1 million, in one of the largest commercial real estate sales of 2015 in Southwest Florida. TerraCap acquired Gateway at a … Read More
Bonita Springs-based investment adviser, TerraCap Management, LLC, has facilitated a trade between two private shareholders of its real estate private equity fund, TerraCap Partners II, LP. The trade was accepted on April 3, 2015 at a 15.8% premium; market price … Read More
From Business Observer | Original Source Neal Communities has begun clearing land for its newest community in Lee County—Oaks of Estero—located in Estero off Block Lane west of River Ranch Road and just steps from Estero Community Park. Oaks of … Read More
By Keith Loria, Contributing Editor | Original Source Bradenton, Fla.—Terracap Management has acquired Harbour Pointe Apartments, a 234-unit apartment community in Bradenton, Fla., from MK Equity Corporation for $21.115 million. Capstone Apartment Partners represented the seller in the off-market transaction, … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: Freehold Properties LLC (manager: Patricia Henry), Russellville, Ark. SELLER: Coconut Office Center LLC PROPERTY: 23421 Walden Center Drive, Bonita Springs PRICE: $1.44 million PREVIOUS PRICE: $800,000, August 2012 LAW … Read More
Written by Urban Tallahassee – Reposted from urbantallahassee.com BUSINESS – The Capital Commerce Center is a grand 6-story building overlooking Blair Stone Road. It is situated directly across from the Florida Department of Environmental Protection’s Bob Martinez Center and the … Read More
Join NAI TALCOR for a Tour of the New Office Renovations at Capital Commerce Center on Thursday, February 19th, 2015! Office Tour of Capital Commerce Center at 2601 Blairstone Road, Tallahassee, Florida 32309 Come out on Thursday, February 19th, 2015 … Read More
GAINESVILLE, Fla. – TerraCap Management, LLC was named to the University of Florida’s inaugural 2015 Gator100 during a ceremony Feb. 6 at UF’s J. Wayne Reitz Union Grand Ballroom. Sponsored by UF, the Warrington College of Business Administration and the … Read More
On Thursday, January 29, 2015, Wharton Real Estate Investment Group (WREI) held a meeting on Real Estate Outlook and Opportunities. The panel included Robert Gray, Managing Partner and CIO, TerraCap Management, Jody Kriss, Co-Founder and CIO, East River Partners (W’97), … Read More
By BUSINESS OBSERVER | Original Source TAMPA — WellCare Health Plans Inc. has agreed to lease a 76,120-square-foot office building in Tampa International Business Center. TerraCap Management LLC owns the building, located at 5301 Idlewild Ave., Tampa. Phillip Weber and … Read More
BY: SEAN ROTH | REAL ESTATE EDITOR | Original Source BUYER: LVP HMI Ft. Myers LLC, Lakewood, N.J. SELLER: Summerlin Square LLC PROPERTY: 11281 Summerlin Square Drive, Fort Myers Beach PRICE: $9.43 million PREVIOUS PRICE: $4.57 million, October 2012 LAW … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: SD Emerson LLC (manager: Brian Stock), Naples SELLER: Emerson Village LLC PROPERTY: west of Tamiami Trail between Hidden Gateway Boulevard and Emerson Square Boulevard, Fort Myers PRICE: $3 million … Read More
By: Sean Roth | Real Estate Editor | Original Source The investment fund TerraCap Partners received approval from the City Council of Punta Gorda, allowing it to create a large mixed-use development on Jones Loop Road between Interstate 75 and … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: Tampa International Business Center II LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: ALEFF LLC (50% interest) and ESAN LLC (50%) PROPERTY: 5519 W. Idlewild Ave., Tampa PRICE: $6.67 … Read More
06 | 10 | 2014 “The acquisitions of Lakeview and Eastpointe bring TerraCap’s investments in Tampa to eight buildings comprising 600,000 square feet,” said Albert Livingston, TerraCap director of asset management at TerraCap. click here to read more
BUYER: Sun Center Village LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: Sarasota Family YMCA Inc. PROPERTY: 41 N. School Ave., Sarasota PRICE: $1.44 million PREVIOUS PRICE: $232,779, December 1992 PLANS, DESCRIPTION: The investment fund TerraCap Partners II purchased three … Read More
04 | 21 | 2014 “Celebration IV stands out from its competitors as one of the more modern office buildings in this market. The new ownership is incredibly proactive and has some great initiatives to refresh and reposition the property,” … Read More
BY: SEAN ROTH | REAL ESTATE EDITOR | Original Source BUYER: Lakeview Office Center LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: EP East Tampa LLC PROPERTY: 6700 Lakeview Center Drive, Tampa PRICE: $13.74 million PREVIOUS PRICE: $12.65 million, October … Read More
03 | 28 | 2014 After the real estate crash in 2007, new home construction was halted and land held by home builders and investors were either foreclosed by banks or turned back into farmland. However, with a shortage of … Read More
By: Sean Roth | Real Estate Editor | Original Source BUYER: Sarasota Sun Center LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: Y Associates Ltd. PROPERTY: 1 S. School Ave., Sarasota PRICE: $11.5 million PREVIOUS PRICE: $500,000, July 1999 LAW … Read More
01 | 31 | 2014 TerraCap Partners’ investment fund TerraCap Partners II purchased the 63,515-square-foot Fairfax II office building for $4 million. The price equated to $63 per square foot. That figure is lower than the two-year average price per square … Read More
11 | 11 | 2013 “They were looking to recapitalize, so we stepped in to do that and took them in as partner,” says W. Steve Hagenbuckle, managing principal of TerraCap Partners. “With that one we now have 15 buildings in … Read More
09 | 27 | 2013 TerraCap acquired commercial properties in recent years because Hagenbuckle says they were undervalued. “The pendulum had swayed way too far in this market,” he says. “We have properties where we’re raising rental rates.” click to read more
09 | 20 | 2013 Bonita Springs investment fund TerraCap Partners II purchased the 223,547 square-foot Lakeside Technology Center for $4.7 million. The price equated to $21 per square foot. That figure is lower than the two-year average price per square foot for … Read More
07 | 11 | 2013 “There’s a real supply crunch,” Hagenbuckle, founder of Bonita Springs, Florida-based TerraCap, said in a phone interview. “We’re inundated by buyers from Brazil, Argentina and Venezuela. The market is rising and Miami is built out.” … Read More
06 | 07 |2013 Bonita Springs-based TerraCap Partners II purchased four commercial buildings in Westlinks Business Park for $3.3 million. The price equated to $30 per square foot. That figure is lower than the two-year average price per square foot … Read More