America’s Capital Partners Continues Growth in Georgia
Press release from the issuing company
Wednesday, October 15th, 2014
America’s Capital Partners (ACP) has purchased six Class A office buildings in North Carolina and Georgia totaling over 860,000 square feet during the past month.
Coral Gables, Florida-based ACP acquired the three buildings that constitute the Townpark Ravine office complex in Kennesaw.
This purchase included over 360,000 square feet of Class A office space located in a 243-acre master plan mixed-use project being developed in the I-75 corridor of Cobb County.
The buildings are currently more than 95 percent occupied with three major tenants having expanded at the close of 2013.
In July, ACP closed on over 500,000 square feet of space with the purchase of Three, Five and Six Coliseum Centre buildings along with a 6-acre undeveloped site located within the Coliseum Centre office park in Charlotte, North Carolina. CBRE represented both ACP and the seller in addition to assisting with financing through GE Capital.
“The Coliseum Centre purchase was a good investment both because of the location and the quality of the asset,” said Sergio Socolsky, chief executive officer of ACP. “Although our latest acquisitions have been in the South, we continue to explore investment opportunities all along the East Coast as well as in Texas and Colorado.”