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TerraCap Management
Bailey Park is a five-building office park located in the northwestern Atlanta suburb of Kennesaw, GA. The office park is located in the 1,000-acre Barrett Park and consists of four single-story office buildings and one two-story office building. The property was developed in 1988 and totals 197,549 square feet. TerraCap acquired the property in January 2016 and, over a 5-year hold period, executed its value-add business plan to increase the property s occupancy, rental rates, and net operating income.
Albert Livingston, TerraCap Partner and National Director of Asset Management said, Bailey Park was acquired in transition with below market occupancy rates. The property was rebranded with new signage, landscape and site upgrades, and a new paint scheme. This allowed our leasing team with Lincoln Property Company to push occupancy, rental rate, lease term, and tenant quality. We are confident this will provide the buyer with a solid asset for years to come.
neo capital announces $73m JV purchase of property in US
DUBAI, 8 hours, 44 minutes ago Dubai-based neo capital, a leading asset management company, has strengthened its global asset portfolio in the US with the joint-venture acquisition of Harbor Landing, a five-storey, 95% leased Class A multi-family asset in Stamford, Connecticut. The latest acquisition, secured in partnership with Monday Properties for $73 million, provides investors in the UAE and Gulf region with a chance to diversify their investment portfolios in a highly resilient growth market. It follows major neo capital acquisitions in Arlington Virginia and the Netherlands in 2020, and further underscores the company’s strategic trans-Atlantic asset portfolio.
Hotel Melby, Tapestry Collection by Hilton opens in Melbourne, Florida
Upscale hotel features rooftop restaurant and lounge with convenient access to downtown Melbourne
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MELBOURNE, Fla., April 13, 2021 /PRNewswire/ Hotel Melby
, a 11-story, 180-room state of the art, full-service hotel just minutes from Downtown Melbourne, Orlando-Melbourne International Airport and Melbourne Beach is the latest addition Tapestry Collection
, one of Hilton s 18 market-leading brands.
Hotel Melby offers welcoming beauty with architectural details and comfortable spaces that will capture guests imagination. Much like the Melbourne community, Hotel Melby is eclectic, vibrant, engaging and historical. The hotel s inviting atmosphere will offer guests an authentic experience, that is casually approachable, free spirited and regionally hand crafted.
McShane to Build Mixed-Use Development at Naperville’s CityGate Centre
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Lincoln at CityGate offers 285 multi-family units, a precast parking garage and a 38,000-square-foot shell for a future event center. CityGate is an innovative and art-minded center complete with a hotel, bars and restaurants, a spa, a fitness center and office space. The addition of apartments and an event space will transform the area into a true community where people can live, work and have fun. ROSEMONT, Ill. (PRWEB) April 08, 2021 Lincoln Property Company and Calamos Real Estate have selected McShane Construction Company to add a new mixed-use multi-family development to Naperville, Illinois CityGate Centre. Known as Lincoln at CityGate, the project will consist of 285 luxury multi-family units, a precast parking garage and the shell for a future event center.