Ten Capital Management Acquires Two Conway Unifying its Position in Lake Forest’s Conway Park

Combining Two Conway with One Conway creates an amenity rich, Class A boutique offering for tenants in the northern Chicago suburbs CLEVELAND, OHIO, July 22, 2021 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of Two Conway in Conway Park, located in Lake Forest, IL. Pembroke IV is the Co-General Partner on the transaction. TCM acquired One Conway in November 2016 with Pembroke IV. Financial terms of the transaction were not disclosed. One Conway and Two Conway (“the Properties”) create an institutional-quality asset that offers tenants high levels of amenities and finishes. Amenities include a full-service cafeteria, Wi-Fi lounge, conference facility, fitness center, and below-grade executive parking garage. As one of the few Class A offerings in the market, each Property offers over 50,000 sf of available contiguous space to accommodate both small and larger users, allowing for…

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Ten Capital Management Acquires Technology Park

The Park is an industrial, warehouse and flex product comprised of five buildings and located in one of Orlando’s most desirable locations CLEVELAND, OHIO, March 11, 2021 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of five buildings in Technology Park (“The Property”), located at 100, 200, 250, 255 & 525 Technology Parkway in Lake Mary, FL. Somerset Properties is a Co-General Partner on the transaction. The Property is the preferred location for several health care, technology, and business services tenants, many of which have demonstrated long-term loyalty to the location, and use the Property as headquarters. The 297,386 SF, five-building flex-office/light industrial facility is in one of suburban Orlando’s most desirable business-friendly submarkets. Recent leasing activity at the Property has resulted in more than 91,000 SF of new tenants over the last 12 months. The office market…

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Ten Capital Management’s CEO Ben Adams comments on demographic shift to the suburbs from cities in Pensions & Investments

In an article in the September 7th issue of Pensions & Investments titled Managers assess portfolios after shift to suburbs, Ben Adams talks about how COVID-19 has accelerated the demographic trend that was already underway of people moving to the suburbs from cities. In the article, Ben stated, “We have long believed in the structural demographic shift to the exurbs and suburbs.” He notes more members of Generation X and millennials are expected to have families and move to the suburbs and secondary markets for a lower cost of living as they look to have families and higher quality of life. Although he adds, “Still, the excitement and convenience of big cities cannot be dismissed.” Subscribers can access the full article here

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Ten Capital Management in Partnership with Somerset Properties Acquires Broward County’s Largest and Most Iconic Office Building

The 413,833 sf Class A Office Building is located in one of suburban Fort Lauderdale’s most desirable locations, and is well poised for continued growth CLEVELAND, OHIO, July 13, 2020 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of Bayview Corporate Tower located at 6451 North Federal Highway (“Bayview”). Somerset Properties is a Co-General Partner on the transaction. The Class A office building is in the Cypress Creek submarket of Broward County. The Property was recently renovated with over $4.8 million in base building improvements over the last three years, and features flexible floor plates that can accommodate tenant requirements ranging from 1,500sf to expansive, contemporary plans as large as 33,500sf. Onsite amenities include a café, conference center, fitness center, amenity lounge, outdoor picnic area, and on-site security and management. The Property offers a 5.0/1,000sf parking ratio in…

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Ten Capital Management Acquires Class A Office Building in King of Prussia, PA

The 164,360 sf Property is located in one of suburban Philadelphia’s most desirable locations well poised for continued growth CLEVELAND, OHIO, October 28, 2019 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of 200 North Warner (or the “Property”). The Property is located directly across the street from the King of Prussia Town Center, part of a 122 acre mixed-use development known as the Village of Valley Forge, and one quarter mile from the King of Prussia mall, providing tenants with easy access to walkable amenities. In addition to the benefits of access to retail and restaurants, the Village at Valley Forge will consist of nearly 2,500 residential units. King of Prussia Mall is the largest mall in terms of retail space in the country and offers a diverse mix of over 400 stores, including seven anchor tenants, international dining and…

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Ten Capital Management Acquires Three Class A Office Buildings in Jacksonville

The 417,513 sf Property is located within Jacksonville’s Butler/Baymeadows office submarket and in the A+ location of the Deerwood Park micro market CLEVELAND, OHIO, July 25, 2019 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced it has completed the acquisition of Capital Plaza (“Capital Plaza” or the “Property”), located in the highly coveted Deerwood Park market, where vacancy has averaged 5% over the past 20 years. Capital Plaza, comprised of 417,513 sf, provides tenants with first class amenities featuring a state-of-the-art fitness center, 24/7 security, market leading parking ratio of 6.2:1000 sf, and a one of a kind power redundancy system, critical to virtually all of the existing tenants. The Property is currently 87% leased to nine tenants, with a weighted average lease term of ~5.7 years. Approximately 53% of the tenancy is comprised of investment-grade tenants. Capital Plaza has immediate access to…

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