The Cleveland-based privately-held real estate investment management firm, is the new owner of the 417,513-square-foot complex that is currently 87% leased to nine tenants with a weighted average lease term of five to seven years. To read the full article, click here.
The Class A building, which comprises more than 250,000 square feet, was 97 percent leased at the time of sale to four tenants, including Cushman & Wakefield. To read full article, click here.
Cleveland-based Ten Capital Management (TCM) has completed the acquisition of 575 Maryville Centre Dr in the St. Louis suburb of Town and Country, MO. Terms weren’t disclosed; 575 Maryville is a 258,441-square-foot Class A office building that is 97% leased. To read full article, click here.
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.
WTAE ABC News 4: A Chicago developer is buying the Miracle Mile Shopping Center, a property that has seen growth in recent years and is nearly 100 percent occupied. Ten Capital Management, a Cleveland-based real estate investment management firm, announced the sale to M&J Wilkow on Monday. To read full article, click here.
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.
Crain’s Cleveland Business: Ten Capital Management, a privately held real estate investment management firm, based in Cleveland, said it has sold its limited partnership interest in a nearly 300,000-square-foot shopping center near Pittsburgh. To read full article, click here.
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.
Ben Adams, CEO of Ten Capital Management was featured in an article this month by Sondra Campanelli of Real Estate Finance & Investment titled Investors chase suburban-core deals as Millennials trickle out of cities. The article interviewed prominent commercial real estate investors about the opportunities in suburban-core as Millennials look to trade their rent payments for mortgages. Adams says in the article, “We have tended to focus in affluent suburbs of ‘gateway cities’ in close proximity to public and private transportation. These suburbs tend to be characterized by high household incomes, high residential property values as well as high levels of educational attainment and comparatively low crime rates.” Adams added, “When they (Millennials) do decide to form households, our hunch is that many of them will not feel so comfortable raising a family in a really cool live/work/play micro-unit that offers below par public school options.” To read the full…
Real estate investment management firm Ten Capital Management (TCM) has acquired Stone Manor Corporate Center for USD19.75 million. The Property is located on 2600 and 2700 Kelly Road in Warrington, Pennsylvania and was purchased from Cornerstone Real Estate Advisors. Stone Manor is currently 100 per cent occupied and is comprised of two, three-story, Class A office buildings with a combined net rentable area of 121,535 square feet. Frontage along Easton Road (Route 611) affords Stone Manor immediate access to Route 202 and Interstate 276 (The Pennsylvania Turnpike), and subsequently provides the Property with exceptional linkages to Philadelphia, Trenton, and the northwestern suburbs of Bucks and Montgomery Counties. Stone Manor contains the amenities of two on-site hotels, a retail bank, and a full-service restaurant on a privately wooded, 31.9-acre campus just minutes from the most desirable neighbourhoods, school districts, and consumer attractions that Doylestown and Bucks County have to offer. Bucks…