News

August 14, 2014
Cambridge Corporate Center Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the acquisition of Cambridge Corporate Center (the “Property”), a Class A, institutional-quality office building consisting of approximately 340,000 square feet that is located in Charlotte, NC. Along with its joint venture partners, Atlantic Creek closed on the investment in August 14, 2014.

The Skidmore, Owings & Merrill designed building was built in 1984, was 84 percent leased at acquisition and is located within Charlotte’s University Research Park. Nearby corporate users include the regional headquarters of Wells Fargo Bank, Hewlett-Packard, Duke Energy, Merck, IBM, AON/Hewitt, Allstate, Sprint Nextel, Husqvarna, TIAA-CREF, and Electrolux.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.