Deal Snapshot
TERRACAP ACQUIRES ORLANDO´S LAKE POINT BUSINESS CENTRE FOR USD 17M
Thursday 18 July 2019

Florida, US-based investment firm TerraCap Management LLC has acquired six-story Lake Point Business Centre located in Orlando, Florida for USD 17.625m, the company said. The property totals approximately 134,400 rentable square feet.

TerraCap said as its value-add portfolio expands and evolves, well-located single-story office/flex product in airport submarkets has been a target acquisition. TerraCap Management, LLC is an investment manager in operation since 2008.


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Details
Date Published: 18/07/2019
Target: Lake Point Business Centre
Country: USA
Deal Size: 17.625m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor: Raith Capital Partners
Buyer: TerraCap Management LLC
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