CapRocq Core 2, an Arkansas-based real estate partnership that invests in properties in the South and Midwest, announced three investments: the Titan Office Building in Greensboro, North Carolina; 855 Grandview Avenue in Columbus, Ohio; and Mission Towers in Mission, Kansas.
The latest transactions bring the total CapRocq Core 2 portfolio size to more than 1 million SF and more than $100 million in total assets.
“These new investments continue our strategy of purchasing well-located properties that have strong occupancy,” Franklin McLarty, co-founder of CapRocq, said.
Previous investments by the fund include Village on the Creeks in Rogers.
Titan Office Building, located at 7900 Triad Center Drive in Greensboro, includes 87,387 SF and was purchased for $7.2 million. The deal closed Dec. 28.
The 855 Grandview Ave. property in Columbus was purchased for $9 million and includes 77,229 SF of office space and 30,454 SF of warehouse space. The transaction closed Dec. 11.
Mission Towers, located at 5700 Broadmoor St. in Mission, Kansas, closed Nov. 13. The property is about 186,010 SF.
“These properties represent three new markets for the fund,” Kevin Huchingson, co-founder of CapRocq, said. “Each market enjoys a healthy economy and we plan to continue to build our portfolio in these target markets as well as the markets where we have already located.”
The general partners of CapRocq Core 2 have now secured about $50 million in equity from Arkansas individuals and institutions. Combined with CapRocq Core, total equity now exceeds $106.1 million.
Other CapRocq Core 2 partners include Dewitt Smith, Isaac Smith, Ted Dickey and Mark Saviers. The partnership was announced in 2013.
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