{"id":1004366132,"date":"2019-11-06T08:56:56","date_gmt":"2019-11-06T16:56:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004366132"},"modified":"2019-11-06T08:56:56","modified_gmt":"2019-11-06T16:56:56","slug":"terracap-expands-again-in-charlotte","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terracap-expands-again-in-charlotte\/","title":{"rendered":"TerraCap Expands Again in Charlotte"},"content":{"rendered":"<div id=\"attachment_1004366141\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004366141\" data-attachment-id=\"1004366141\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/terracap-expands-again-in-charlotte\/resource-square-iv\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Resource Square IV\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Resource Square IV&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg?w=1000\" class=\"wp-image-1004366141 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Resource-Square-IV.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004366141\" class=\"wp-caption-text\">Resource Square IV<\/p><\/div>\n<p>Following the August purchase of the <a href=\"https:\/\/www.commercialsearch.com\/news\/terracap-purchases-charlotte-office-portfolio-for-59m\/\">first, second and fifth buildings<\/a>, TerraCap Management has acquired the 151,849-square-foot Resource Square IV in Charlotte, N.C., from Rockford Capital Partners and Blue Vista Capital Management for $24.8 million. The deal brings the buyer\u2019s office holdings in the metro to nearly 570,000 square feet, according to Yardi Matrix.<\/p>\n<p>Located at 10735 David Taylor Drive in the University submarket, the five-story structure is some 10 miles northeast of downtown Charlotte. The Resource Square campus has five buildings, all but one of which are part of TerraCap\u2019s portfolio. CREMAC Asset Management owns the third property following an $18.4 million acquisition in October 2018.<\/p>\n<p>Resource Square IV is home to a mix of tenants, including Allscripts, Fuzzy Logix and A. Morton Thomas &amp; Associates. Completed in 2000, the building has 30,500-square-foot floor plates, a fitness center and a parking ratio of 4.5 spaces per 1,000 square feet.<\/p>\n<p>CBRE represented Rockford and Blue Vista in the transaction. TerraCap has selected Foundry Commercial to oversee property management and leasing efforts for the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nearly $25 million purchase of the Class A asset marks the firm\u2019s fourth acquisition in the area this year.<\/p>\n","protected":false},"author":861,"featured_media":1004366141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21743,21783,21742,21747],"tags":[35103,32789,32961,35870],"class_list":["post-1004366132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-deals","category-investment","category-latest","category-office","tag-blue-vista-capital-management","tag-cbre","tag-foundry-commercial","tag-terracap-management-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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