MINNEAPOLIS--(BUSINESS WIRE)--Founders Properties, L.L.C. recently completed five transactions totaling more than 1.3 million square feet of office and industrial space in Ohio, Georgia and Colorado. To date in 2015, Founders Properties has completed 18 transactions totaling more than $310 million and 3.5 million square feet of office and industrial space.
“We’re thrilled about these key transactions as they simultaneously realize strong returns for our investors while also making strategic investments to lay the groundwork for future success,” said Wade Lau, president and CEO, Founders Properties, L.L.C.
Eastpoint I and II, a 170,705-square-foot two-building office complex, was purchased in late July 2015. Located at 6085 and 6095 Parkland Boulevard in Mayfield Heights, Ohio, the buildings were acquired on behalf of Founders Income Fund III. As well-leased spaces in a premium location, these are strong assets with the ability to bring attractive future returns for investors. Keith Largay of JLL represented Founders Properties on the financing for this transaction.
Rickenbacker VIII, a 484,015-square-foot industrial building located at 6201 Green Pointe Drive South, in Groveport, Ohio, was sold in September 2015. The building was completed in 2014 and John Huguenard and Sean Devaney of JLL represented Founders Properties in this transaction.
Parkview One, a 164,717-square-foot office building located at 925 North Point Parkway in Alpharetta, Georgia, was sold in October 2015. The building was completed in 2001 and Stewart Calhoun, David Meline & Samir Idris of Cushman & Wakefield represented Founders Properties in this transaction.
Coal Creek Business Park, consisting of three buildings totaling 203,243 square feet, was sold in late October 2015. Located at 826, 858 and 867 Coal Creek Circle in Louisville, Colorado, the buildings were completed between 1999 and 2001. Michael Winn, Timothy Richey, Chad Flynn and Charley Will of CBRE represented Founders Properties in this transaction.
Park 75, a 282,466-square-foot industrial building located at 9841 – 9845 Windisch Road in West Chester, Ohio, was sold early November 2015. The building was completed in 2007 and Michael Caprile and Ted Staszak of CBRE represented Founders Properties in this transaction.
Founders Properties current portfolio of approximately 70 institutional grade properties includes office, industrial, retail and mixed use projects located throughout the United States.
About Founders Properties, L.L.C.
Founders Properties, L.L.C. is a privately held commercial real estate investment company headquartered in Minneapolis with a focus on investing in stable office and industrial properties. Founders’ provides a full-suite of services, including acquisition, financing, asset and investment management for institutions, family offices and high-net-worth clients. Founders Properties, which traces its roots to 1997, is sponsored by Richard M. Schulze, founder of Best Buy Co., and the Rauenhorst family, owners of The Opus Group®, a family of commercial real estate companies. For additional information, visit www.foundersproperties.com.