Partners Group and Spear Street Capital LLC Form Joint Venture to Acquire Approximately 2.2 Million Square Feet of Class A U.S. Office Properties
Funds managed and/or advised by Partners Group AG or its affiliates (“Partners Group”) formed a joint venture with affiliates of Spear Street Capital LLC (“Spear Street”) to acquire approximately 2.2 million square feet of office properties located in select suburban markets in Dallas, Chicago, Washington, D.C., Austin and Boston (the “Whetstone Portfolio”). Formerly owned by certain funds managed by Spear Street, the Whetstone Portfolio comprises The Campus at Legacy, a 726,700-square foot Class A office campus located in Plano, Texas; Atrium Corporate Center, a 467,000-square foot Class A office building located in Rolling Meadows, Illinois; Trinity Centre, a four-building, Class A office park totaling 488,200 square feet located in Centreville, Virginia; Research Park Plaza I & II, a 272,000-square foot Class A office project located in the Northwest submarket of Austin, Texas; and Riverworks Innovation Center, a 201,000-square foot Class A “brick and beam” office campus located in Watertown, Massachusetts.
The transaction was led for Partners Group by its real estate secondaries investment team. Spear Street will continue to serve as the manager of the Whetstone Portfolio on behalf of the joint venture. Terms of the transaction were not disclosed.
Accord Capital Partners LLC served as the exclusive financial advisor in connection with this transaction.
ABOUT PARTNERS GROUP
Partners Group is a global private markets investment management firm with over USD 55 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 850 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. For further information on Partners Group, visit: www.partnersgroup.com
ABOUT ACCORD CAPITAL PARTNERS LLC
With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings LLC (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Capital Partners LLC, its broker/dealer affiliate in the United States, Accord provides advisory and capital raising services to its clients. For further information on Accord, visit: www.accord-group.net
Accord Group Holdings LLC
Desi Co, +1 415-544-7862
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
LIAF20.3.2018 19:29 | pressemeddelelse
LIAF: Experts at the European Parlament - E-Cigarettes Are a Potential Game Changer for European Health
MORINAGA-MILK-INDUSTRY20.3.2018 19:02 | pressemeddelelse
Morinaga Milk's New Probiotic Strain, Bifidobacterium breve A1, May Prevent Onset of Alzheimer's Disease
DEWA20.3.2018 17:12 | pressemeddelelse
Dubai Breaks Ground on World’s Biggest CSP Project
CA-EDGECORE-NETWORKS20.3.2018 17:02 | pressemeddelelse
Edgecore Networks Introduces 400G Open Networking
PANASONIC-CORP/TECHNICS20.3.2018 15:50 | pressemeddelelse
Technics Organizes World's First Full Turntable Orchestra
PA-BENTLEY-SYSTEMS20.3.2018 15:32 | pressemeddelelse
Bentley Systems' Year in Infrastructure 2018 Conference and Awards Gala to be Held in London, Oct. 15-18
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum