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…
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.
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.
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…