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