CapRocq Core Adds 2 Properties, Fund Passes $130M

by Arkansas Business Staff  on Wednesday, Jun. 18, 2014 11:38 am  

Little Rock's CapRocq Core Real Estate Fund Ltd., a real estate partnership that buys real estate assets in the South and Midwest, has completed two closings that bring the fund's acquisition total to more than $130 million.

Arkansas Business reported Monday that the fund closed on two properties: One Memorial Plaza, an 89,807-SF office building in Tulsa, and Stoneridge, an 185,094-SF office park in Columbia, South Carolina.

CapRocq said the total acquisition cost for both properties was about $17 million. The fund closed on the properties on May 23.

"We're pleased to announce the closings of One Memorial in Tulsa and Stoneridge in Columbia, South Carolina," Kevin Huchingson, co-founder and COO of CapRocq Core, said in a news release. "We have existing properties and relationships in both markets, and the market dynamics of each city is a perfect complement to the strategy of our fund."

The fund is focusing on the South and Midwest, where it says real estate is often overlooked by large public real estate investment trusts and institution investors.

CapRocq Core has acquired primarily office space with some industrial and retail real estate assets in Arkansas, Oklahoma, South Carolina, North Carolina and north Florida. The final acquisitions for this fund are expected to close later this summer.

CapRocq Core was established in December 2012 and founded by Kevin Huchingson, Dewitt Smith, Franklin McLarty and Ted Dickey. Huchingson is also president and CEO of Colliers International Arkansas. 

 

 

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