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Stoic Equity Partners Expands Footprint, Acquires First Commercial Asset in Tallahassee, Fla.
TelAve News/10840872
Daphne, Ala. ~ Stoic Equity Partners, a leading investment firm, has recently announced its latest acquisition in the Southeast region. The firm has acquired Woodlane Circle Commerce Park, a strategically located flex industrial property in Tallahassee, Florida. This marks Stoic's first venture into the Tallahassee market.
The newly acquired property spans over 48,750 square feet and consists of 19 units with a diverse tenant mix. It presents a promising value-add opportunity as the current leases are priced approximately 30% below market rates. This positions the property for strong future returns.
According to Grant Reaves, Co-Founder and Managing Director of Stoic Equity Partners, "The addition of Woodlane Circle Commerce Park is a great boost to Stoic's growing multi-tenant flex industrial portfolio." He further added that the property offers tremendous upside potential and they have already seen positive results with new leases being signed at higher rates.
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Stoic Equity Partners' team members are excited about this new acquisition and believe it will contribute significantly to their expanding portfolio. The firm now manages over 925,950 square feet of commercial space across various markets in the Southeast. They remain focused on identifying and capitalizing on high-potential investment opportunities within the flex industrial sector.
With this latest acquisition, Stoic Equity Partners continues to solidify its presence in the Southeast region and reaffirm its position as a key player in the investment industry. The firm's strategic approach and expertise in identifying profitable investments have led to its continued success in the market.
The newly acquired property spans over 48,750 square feet and consists of 19 units with a diverse tenant mix. It presents a promising value-add opportunity as the current leases are priced approximately 30% below market rates. This positions the property for strong future returns.
According to Grant Reaves, Co-Founder and Managing Director of Stoic Equity Partners, "The addition of Woodlane Circle Commerce Park is a great boost to Stoic's growing multi-tenant flex industrial portfolio." He further added that the property offers tremendous upside potential and they have already seen positive results with new leases being signed at higher rates.
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Stoic Equity Partners' team members are excited about this new acquisition and believe it will contribute significantly to their expanding portfolio. The firm now manages over 925,950 square feet of commercial space across various markets in the Southeast. They remain focused on identifying and capitalizing on high-potential investment opportunities within the flex industrial sector.
With this latest acquisition, Stoic Equity Partners continues to solidify its presence in the Southeast region and reaffirm its position as a key player in the investment industry. The firm's strategic approach and expertise in identifying profitable investments have led to its continued success in the market.
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