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.
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…
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.
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…
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.
Three Class A office buildings in a strong submarket, with 95% occupancy, long-term leases and attractive cash-on-cash returns CLEVELAND, OHIO, June 9, 2017 – Ten Capital Management (“TCM”) today announced its acquisition of Valley Creek Corporate Center, a 259,163 square feet, Class A office complex located at 220, 222 and 224 Valley Creek Boulevard in the Exton/Malvern submarket of Chester County, Pennsylvania, close to I-95,I-476, I-76 and the recently expanded US Route 202. The seller is CS Capital Management, Inc., a real estate investment management and advisory company based in California. The Property is 95% leased to a diverse mix of high quality tenants. The five largest tenants, who make up 84% of the rent roll with a combined average weighted lease term of 6.2 years, use Valley Creek as their global corporate headquarters. The Property offers ample surface parking, food service, on-site walking trails and provides tenants with immediate…