Daphne, Ala.-based
commercial real estate investment firm expands into Tallahassee market with the acquisition of
Woodlane Circle Commerce Park
DAPHNE,
Ala., Sept. 17, 2024 /PRNewswire/ -- Stoic
Equity Partners announces another acquisition–Woodlane Circle
Commerce Park, a strategically located flex industrial property in
Tallahassee, Fla. This asset is
the firm's first acquisition in the Tallahassee market.
Woodlane Circle Commerce Park, a 48,750 square foot multi-tenant
facility, is comprised of 19 units and features a diverse tenant
mix. The property presents a significant value-add opportunity with
in-place leases priced approximately 30% under market, positioning
it for strong future returns.
"The addition of Woodlane Circle Commerce Park is a great boost
to Stoic's growing multi-tenant flex industrial portfolio," said
Grant Reaves, Co-Founder and
Managing Director of Stoic Equity Partners. "This property offers
tremendous upside, and we're already realizing that potential with
new leases being signed at higher rates."
With this latest acquisition, Stoic Equity Partners continues to
broaden its footprint in the Southeast, now managing over 925,950
square feet of commercial space across various markets in the
Southeast. The firm continues to focus on identifying and
capitalizing on high-potential investment opportunities within the
flex industrial sector.
About Stoic Equity Partners
Stoic Equity Partners is a
Daphne, Ala.-based commercial real
estate investment firm dedicated to value-add and opportunistic
commercial real estate acquisitions and developments throughout the
Southeast. Co-founders Jeremy
Friedman and Grant Reaves
leverage their extensive experience as commercial real estate
brokers to manage and sponsor strategic investments.
For more information about Stoic Equity Partners and its
approach to real estate investment, please visit stoicEP.com.
Media Contact
Jeremy
Friedman
Co-founder and CEO, Stoic Equity Partners
Phone: 251-747-9111
Email: 383431@email4pr.com
Address
2210 Main Street, Ste H
Daphne, AL 36526
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SOURCE Stoic Equity Partners