News

October 10, 2018
Cambridge Corporate Center Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of Cambridge Corporate Center on October 10, 2018. An affiliate of Atlantic Creek and its joint venture partners (the “JV”) acquired the approximately 340,000 square foot (“sf”) building on August 14, 2014.

The Property is located in Charlotte, Mecklenburg County, CA. Cambridge Corporate Center was approximately 72 percent leased shortly after acquisition. At disposition, the property was approximately 96 percent leased, primarily due to a lease executed with a major tenant for approximately 97,000 sf.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and 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.