CapRidge Partners Announces Recent Acquisitions and Sales of Major Commercial Properties in Austin, Houston and Dallas - WLNS TV 6 Lansing - Jackson | Your Local News Leader

CapRidge Partners Announces Recent Acquisitions and Sales of Major Commercial Properties in Austin, Houston and Dallas

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE CapRidge Partners, LLC

Commercial Real Estate Firm Targets High-Growth Investment Markets Inside and Outside of Texas

AUSTIN, Texas, Jan. 17, 2014 /PRNewswire/ -- CapRidge Partners, LLC, led by founders Steve LeBlanc and Tom Stacy, announced today the recent acquisition of two properties and the sale of another. Gramercy Center in Dallas was purchased on Dec. 30, 2013, and 12012 Wickchester in Houston was purchased on Jan. 14, 2014. In addition, the company sold 823 Congress Ave. in Austin, which it had owned for 20 years, on Jan. 7, 2014. The flurry of activity demonstrates the company's ambitious plans for growth and expansion.

CapRidge Partners was formed by LeBlanc and Stacy in late 2012 to create the best value office investor, focusing initially on projects in Austin, Dallas, Houston and San Antonio. LeBlanc, former senior managing director of private markets for the Texas Teacher Retirement System, and Stacy of T. Stacy & Associates, who has been involved with some of Austin's most iconic buildings, combined forces to concentrate on value-add office investments, including rehabbing buildings and finding the value in existing space.

Initially, the company had two properties in downtown Austin: the Bank of America building at 515 Congress Ave. and 823 Congress Ave. Slightly over one year later, the company now owns six properties in Austin, Houston and Dallas. During this period, it has sold four properties, all in Austin.

"Our strategy for the future is to focus on high-growth investment markets-cities that have a high quality of life, a young and educated workforce, lower costs of doing business and anticipated growth in population and jobs," Stacy said. "We are especially interested in markets that have a concentration of industries in the technology, energy, healthcare and financial services sectors."

"In general terms, we are looking for markets similar to Austin, Dallas and Houston-cities such as Atlanta, Charlotte, Denver, Orlando, Raleigh-Durham and Nashville," LeBlanc said. "We love Texas and are excited about the opportunity to expand to other markets that share the growth and quality of life attributes of our Texas markets."

CapRidge Partners currently has more than 730,000 square feet of commercial space under management in Austin, Dallas and Houston. For more information, visit CapRidgePartners.com.

About CapRidge Partners
CapRidge Partners, LLC, is a value office investor and manager headquartered in Austin, Texas, and serving the major markets throughout the state. Founded in 2012 by Steve LeBlanc and Tom Stacy, two proven leaders in real estate, investments and commercial operations with nearly 40 years of combined experience, the company is dedicated to providing superior services to its investors and clients.

Contact:

Meg Meo or Levente Smith


Elizabeth Christian & Associates Public Relations


(512) 472-9599


mmeo@echristianpr.com or lsmith@echristianpr.com

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WLNS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Click Here to link to the FCC's public inspection file for WLNS-TV and Here to view the WLAJ-TV file. Persons with Disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: Teresa Morton- Program Director for WLNS and WLAJ at 517-372-8282. Questions or concerns relating to the accessibility of the FCC's public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or fccinfo@fcc.gov.