Tag

Ten Capital Management | TEN CAPITAL MANAGEMENT

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…

Continue Reading
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…

Continue Reading
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…

Continue Reading
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…

Continue Reading
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.

Continue Reading
Josh Brown
In Press Releases

Ten Capital Management Acquires Valley Creek Corporate Center in Exton, PA for $45.3M

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…

Continue Reading
Josh Brown
In News

Investors chase suburban-core deals as Millennials trickle out of cities

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…

Continue Reading
Josh Brown
In Press Releases

Ten Capital Management Sells Wind River Industrial Park in Las Vegas for $15.15M

Acquired in November 2014 for $9.1M, sale is two years ahead of original business plan and generated net IRR of 28.91% and 1.73x multiple for TCM investors CLEVELAND, OHIO, January 31, 2017 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced the sale of Wind River Industrial Park for $15.15M. The Property, located in Las Vegas, is in a highly desirable Southwest submarket, within close proximity to the Palms Hotel and one mile from the Las Vegas Strip.  The Property was sold to MCA Realty, Inc. two years ahead of TCM’s original business plan and has generated a net IRR of 28.91% and a 1.73x multiple for TCM investors. TCM exceeded original pro forma expectations with the sale, which projected a net IRR of 13.7% and a 1.63x multiple, respectively. TCM acquired Wind River in November 2014 for $9.1M. At the time of purchase,…

Continue Reading
Josh Brown
In Press Releases

Ten Capital Management Acquires One Conway in Lake Forest, IL for $19.35M

Recently renovated Class A office building in one of the wealthiest suburbs in Chicago has 94% occupancy with long-term leases and can provide strong cash-on-cash returns to investors CLEVELAND, OHIO, November 21, 2016 – Ten Capital Management (“TCM”), a privately held real estate investment management firm, today announced its acquisition of One Conway (or the “Property”) for $19.35M. The Property is located on North Field Drive in Lake Forest, IL and was purchased from a joint venture between Sam Zell’s Equity Group Investments LLC and Fulcrum Asset Advisors LLC. The Property is 94% occupied to a diverse mix of tenants, and is newly renovated.  The highly-amenitized three-story building is a multi-tenant Class A boutique office building comprising 105,000 sf and is located in the affluent Chicago suburb of Lake Forest, Illinois.  The asset is strategically located at the four-way interchange of Interstate 94 and Route 60 (Townline Road), within Conway…

Continue Reading

TEN CAPITAL MANAGEMENT

3333 Richmond Rd, Suite 155
Beachwood, Ohio 44122
Telephone: (216) 342-9700

JOIN OUR MAILING LIST