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commercial real estate | TEN CAPITAL MANAGEMENT

Josh Brown
In Press Releases

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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Josh Brown
In News

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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Josh Brown
In Press Releases

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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Josh Brown
In Press Releases

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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Josh Brown
In Press Releases

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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Josh Brown
In Press Releases

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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Josh Brown
In Press Releases

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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Josh Brown
In News

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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TEN CAPITAL MANAGEMENT

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Beachwood, Ohio 44122
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