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Josh Brown

Ten Capital Management Completes Acquisition of Class A Office in the Minneapolis MSA

The Property is at 100% occupancy with a strong corporate presence in an economy with a low unemployment rate and highly skilled workforce CLEVELAND, OHIO, March 27, 2019 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of Atria Corporate Center (“Atria” or the “Property”), located in Plymouth, Minnesota, a highly coveted suburb of Minneapolis. The highly-amenitized Property is a 358,941 square foot Class A, LEED Gold building, built in the late 1980’s and substantially renovated in 2017. Atria offers food service, a complimentary coffee bar, fitness center, locker room with showers, training center, updated common areas, on-site management, multi-level parking deck, and underground heated parking. The Property is located in the West submarket of the Twin Cities Office Market, a 9M sf office market with a current vacancy rate of 11% (the lowest in the Twin Cities Office…

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TCM Acquires 258,441 SF Office Building in Suburban St. Louis

Ten Capital Management (TCM) has acquired 575 Maryville, a Class A office building in Town and Country, a suburb of St. Louis. The 258,441-square-foot building includes a fitness center, two conference rooms, on-site dining and parking. The property is currently 97 percent leased to four tenants, including anchor Cushman & Wakefield. Neither the seller nor the sales price was disclosed. To read full article, click here.

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Ten Capital Management Completes Acquisition of Class A Office Building in Highly Affluent Suburb of St. Louis

575 Maryville is 97% leased to four tenants, including one of the largest commercial real estate companies in the world CLEVELAND, OHIO, January 15, 2019 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of 575 Maryville (or the “Property”), located in the Town and Country suburb of St. Louis, Missouri. The highly-amenitized Property is a 258,441 square foot Class A office building providing tenants with a state-of-the-art fitness center, two conference rooms, on-site dining, and structured parking. Anchored by one of the largest commercial real estate companies in the world, the Property is currently 97% leased to four tenants with a weighted average lease term of seven years. The Property is located in the prestigious suburb of Town and Country – the most affluent community in Missouri and one of the wealthiest suburbs in the U.S. Positioned in…

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TCM exits stake in Miracle Mile Retail Center

Ten Capital Management, a real estate investment management firm, has sold its stake in Monroeville, Pennsylvania-based Miracle Mile Retail Center to M&J Wilkow, in a joint venture with ALTO Real Estate Funds. The property’s majority owner was Pearson Partners. No financial terms were disclosed. To read the full article, click here.

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Ten Capital Management Sells Limited Partnership Interest in Miracle Mile Retail Center in Monroeville, PA

Acquired in February of 2014, the sale has generated a solid risk adjusted return for TCM investors while providing strong cash on cash yields averaging 11.2% during the hold period CLEVELAND, OHIO, November 20, 2017 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced the sale of its limited partnership interest in Miracle Mile Retail Center in Monroeville, PA, located 13 miles east of the Pittsburgh CBD, to M&J Wilkow, Ltd in a joint venture with ALTO Real Estate Funds. The general partner was an affiliate of Pearson Partners, Inc. The sale generated a 15.8% (gross) / 14.5% (net) IRR with a 1.59x (gross) / 1.53x (net) multiple to TCM investors. The Property is a 299,894 square foot, Class-A regional power center anchored by national tenants LA Fitness, Marshalls, PNC Bank, DSW, Old Navy and Office Max.  Miracle Mile was 94% occupied upon TCM’s…

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Ten Capital Management’s acquisition of Valley Creek Corporate Center featured in Commercial Property Executive

On June 12, coverage of Ten Capital Management’s acquisition of Valley Creek Corporate Center appeared in Commercial Property Executive.  The three Class A office buildings are located in a strong submarket, with 95% occupancy, long-term leases and attractive cash-on-cash returns. Commenting on the transaction, Paul DiSandro, a TCM Partner and Portfolio Manager, said, “Valley Creek has consistently been a top-performer in the market and provides the opportunity to acquire an institutional quality property at a significant discount to replacement cost in a strategic location.” Ben Adams, TCM’s CEO, adds, “We continue to stay focused and disciplined in buying excellent real estate at fair prices, and on providing an appropriate margin of safety that leaves our investors well-positioned to outperform through market cycles.” To read the full article click here.

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