Company News
Cushman & Wakefield - September 10, 2019
Cushman & Wakefield Brokers Sale of Landmark Orange County Tower One of 2019’s Largest Class A Office Sales
Cushman & Wakefield announced today the sale of TriCentre, a 211,916-square-foot (sf) landmark office tower in Orange, California.
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Blau Journal - September 10, 2019
Stanton Road Capital Acquires TriCentre in Orange County with Plans for Key Upgrades
Stanton Road Capital, LLC (“SRC”), a Los Angeles-based investment management firm focused on direct commercial property investments, is pleased to announce the acquisition of TriCentre, a 10-story Class “A” office tower totaling 211,916 SF located in Orange, CA.
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Connect California - September 11, 2019
Landmark Tower Trades, One of Orange County’s Largest Sales This Year
TriCentre, a 211,916-square-foot landmark office tower in Orange, CA, has traded hands. Los Angeles-based Stanton Road Capital acquired the asset from Hilrod Holdings at an undisclosed price. It is the second largest Class A office building sold in Orange County this year.
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REbusiness Online - September 12, 2019
Stanton Road Capital Acquires 211,916 SF Office Building in Orange County, Plans Upgrades
Los Angeles-based Station Road Capital (SRC) has acquired TriCentre, a Class A office tower located in Orange, for an undisclosed price. The name of the seller was not released.
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Rentv - September 11, 2019
Stanton Road Capital Buys OC Office Tower
TriCentre, a 211.9k sf, office tower in the city of Orange, was acquired by Stanton Road Capital, a Los Angeles-based investment management firm. The price was not disclosed, although we’ve heard investor estimates of around $210/sf, which would put it near $44 mil.
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Commercial Property Executive - September 12, 2019
Stanton Road Capital to Revamp Newly Acquired Orange County Asset
Stanton Road Capital has expanded its Southern California holdings with the acquisition of TriCentre, a 10-story, Class A office tower in Orange County. SRC purchased the 211,916-square-foot property for $44.3 million, or $209 per square foot, from PRES Cos., according to Yardi Matrix data.
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RE Journals - August 22, 2018
Colliers International wins property management assignment at 200 S. Michigan
Los Angeles-based Stanton Road Capital (SRC), new owner of 200 S. Michigan Avenue, has awarded Colliers International Chicago the property management and engineering assignments for the Class A office property. Colliers will also provide construction management oversight on select capital projects.
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Blau Journal - July 22, 2019
Stanton Road Capital Acquires Historic 200 S. Michigan Avenue in the Heart of Chicago’s East Loop
Stanton Road Capital, LLC (“SRC”), a Los Angeles-based investment management firm focused on direct commercial property investments, together with Third Lake Partners, LLC, a Tampa-based family investment firm, is pleased to announce the acquisition of 200 S. Michigan Avenue, a 371,566 SF, 22-story, Class “A” office building located in the heart of Chicago’s East Loop, overlooking The Art Institute of Chicago and Millennium Park.
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REbusiness Online - July 24, 2019
Stanton Road Capital Purchases 371,566 SF Office Tower in Chicago’s East Loop
Stanton Road Capital LLC, in partnership with Third Lake Partners LLC, has purchased 200 S. Michigan Avenue, a 371,566-square-foot office tower in the heart of Chicago’s East Loop.
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Commercial Property Executive - July 24, 2019
Stanton Road Capital Acquires Chicago Office Tower
Stanton Road Capital has made its first downtown Chicago office acquisition. The company partnered with Third Lake Partners LLC, a Tampa, Fla.-based family investment firm, to purchase 200 S. Michigan Ave., a 22-story, Class A building in the East Loop, from the Shidler Group.
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RE Journals - July 24, 2019
Stanton Road Capital acquires 200 S. Michigan Avenue in Chicago's East Loop
Los Angeles-based investment management firm Stanton Road Capital, LLC (SRC) and Third Lake Partners, LLC, a Tampa-based family investment firm, have acquired 200 S. Michigan Avenue, a 371,566-square-foot, Class A office building located in the heart of Chicago’s East Loop. The sale transaction was facilitated by Cushman & Wakefield.
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Rentv - April 29, 2019
Stanton Road Capital Buys 210k sf TX Office Building
In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
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CoStar - April 26, 2019
Los Angeles Investor Buys Vacant Office in Texas' Telecom Corridor
Campbell Glen II, formerly leased to AT&T, is about to undergo a major reboot.
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Connect Texas - April 29, 2019
Los Angeles Buyer Snags 210K-SF Campbell Glen II
Stanton Road Capital LLC acquired Campbell Glen II, a 210,000-square-foot Class A office building in Richardson, TX. The Los Angeles buyer is planning to renovate the property, which was formerly 100% leased to AT&T, as a high-density office property in the Dallas suburb.
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Blau Journal - April 24, 2019
Stanton Road Capital Acquires Campbell Glen II in Suburban Dallas with Plans for Major Upgrades
Stanton Road Capital, LLC (“SRC”), a Los Angeles-based investment management firm focused on direct commercial property investments, is pleased to announce the acquisition of Campbell Glen II (1125 E. Campbell Road), a 210,000 SF Class “A” office building located in the Richardson submarket of Dallas.
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REbusiness Online - April 25, 2019
Stanton Road Capital Acquires 210,000 SF Former AT&T Building in Metro Dallas
Los Angeles-based Stanton Road Capital LLC has acquired Campbell Glen II, a 210,000-square-foot office building located in the northeastern Dallas suburb of Richardson.
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Dallas Business Journal - Apr 25, 2019
Investment management firm purchases Richardson office building
Los Angeles investment management firm Stanton Road Capital plans to renovate a building it recently purchased in Richardson.
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D Magazine - April 24, 2019
Los Angeles-Based Firm Purchases Office Building in Richardson
Stanton Road Capital just made a major acquisition in Richardson. The Los Angeles-based investment management firm bought Campbell Glen II at 1125 East Campbell Road.
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Dallas Morning News - April 24, 2019
California investor buys Telecom Corridor office campus in Richardson
A California-based investor has purchased a Telecom Corridor office center. The Campbell Glen II building is at 1125 E. Campbell Road east of U.S. Highway 75 in Richardson. The 210,000-square-foot building is vacant and was previously occupied by AT&T.
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Commercial Property Executive - November 29, 2018
Stanton Road Capital Buys CA Office Campus
Stanton Road Capital has acquired The Office at Village Business Park, located in Buena Park, California. Newmark Knight Frank represented the seller, Westcore Properties.
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RE Journals - November 7, 2018
Stanton Road Capital acquires Arbor Lake Centre in suburban Chicago
Stanton Road Capital, LLC (SRC), a Los Angeles-based real estate investment firm, has purchased Arbor Lake Centre at 1751 Lake Cook Road in Deerfield for an undisclosed sum. Located at the confluence of I-94 and I-294, the 228,000-square-foot, the Class A office building was 75 percent leased at time of acquisition. Developed in 1986, the six-story property is occupied by a diverse group of tenants including L'Oreal, Miller Cooper, AXA Equitable and Personal Staffing Group. SRC has plans to invest a significant amount of post-acquisition capital to enhance the overall quality and image of the property. Near-term capital projects include a full modernization of the existing fitness center, build-out of a tenant Wi-Fi lounge, installation of a grab-and-go fresh food service and an overhaul of the building's lobby and common areas.
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Rentv - November 28, 2018
Stanton Road Capital Completes 141k sf OC Office Buy
Stanton Road Capital has purchased The Offices @ Village Business Park, a two-building 141.4k sf office property in Buena Park. The price was not disclosed. Built in 1980 and 1987 and renovated in 2017, the property is situated on approximately 10.5 acres at 7000 and 7001 Village Drive and includes 828 parking spaces. At 54% leased, the recently renovated property was marketed to potential buyers seeking a value-add opportunity.
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RE Journals - August 2, 2018
Colliers leases 75k SF at Woodland Corporate Tower in Downers Grove
Colliers International executives Francis Prock and David Florent recently signed several leases totalling 74,760 square feet at Woodland Corporate Tower. The transactions bring the property, located at 1333 Butterfield Road in Downers Grove, Illinois, to 93 percent leased. Elkay, manufacturers of stainless steel kitchen and foodservice equipment, signed a new, 47,073-square-foot headquarters lease while Securitas signed a long-term extension on its existing 18,122-square-foot lease. Advizor Solutions—providers of business analysis software and consulting services—also expanded, going from 3,500 to 4,020 square feet. Pinkerton, a subsidiary of Securitas, signed a new lease for 2,145 square feet as did Martin Whalen Office Solutions, a subsidiary of Xerox, as it leased 2,900 square feet for its regional office.
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RE Journals - July 30, 2018
Elkay signs a 47k SF lease at Woodland Corporate Tower in Downers Grove
Elkay has signed a new lease for 47,073 square feet at 1333 Butterfield Road in Downers Grove, Illinois. America’s number-one selling kitchen sink company will relocate two of its market-facing business teams from 29,325 square feet at 2221 Camden Court in Oak Brook to the new location when the lease commences in August 2018. Two teams will make the move to Downers Grove—Elkay’s plumbing and water delivery business (best known for the aforementioned sinks as well as water-bottle filling stations, coolers and drinking fountains) as well as its commercial and industrial (C&I) business. Elkay’s C&I business provides turnkey design and build environments for restaurants and commercial interior, including both back-of-house and front-of-house retail installations. Elkay’s headquarters and associated operations will remain at 2222 Camden Court, a property the company owns, in Oak Brook.
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Kansas City Business Journal - January 3, 2018
LA Firm completes purchase of KC trophy office property
Stanton Road Capital LLC, a Los Angeles-based investment management firm, has completed the purchase of 2323 Grand, an 11-story, 321,000-square-foot Crown Center office building, from Assurant Inc. The deal which Kansas City Business journal reported on in December, includes partial ownership of a 1,300-space underground parking garage and a 2.3-acre surface parking lot covering the entire block bounded by 19th Street, 20th Street, Grand Boulevard and McGee Street. The development potential of that lot, which lies in the heart of the Crossroads Arts District, added to investor interest in 2323 Grand, said Gina Anderson, a vice president of capital markets in CBRE's Kansas City office and part of the team making the Crown Center office buildings.
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Rentv - December 22, 2017
Stanton Road Capital and Second City Pick Up El Segundo Office Property in $35 Mil Transaction
A joint venture of Stanton Road Capital and Second City paid $35.5 mil for 898 Sepulveda, an eight-story, 89k sf ($399/sf) office property in El Segundo. The building, which was 98% leased at time of sale, includes a six-level parking structure leased to Central Parking.
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Globe St.com - January 7, 2016
Stanton Road Capital acquires Richardson Bldg.
Stanton Road Capital LLC through its affiliate, SRC Waterview Owner LP, announces the acquisition of 3400 Waterview Parkway, a 202,695-square-foot class A office building located in Richardson. The acquisition represents SRC's sixth investment in Texas since 2014.
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Rentv - October 7, 2016
Stanton Road Capital Completes 250k sf Office Acquisition in Texas
In a recent Texas office buy, Stanton Road Capital LLC (SRC), through its affiliate, SRC Airport Owner LP, purchased Airport Centre I & II, a 251.2k sf property in the Dallas/Ft. Worth area. It was sold by Allegiancy Houston LLC. The property, comprised of two Class A office buildings, is located at 2200 and 2208 Highway 121 in Bedford. It is situated at the convergence of Hwy 121 and Airport Fwy (Hwy 183), southwest of Dallas/Fort Worth International Airport.
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Stanton Road Capital - July 25, 2016
Stanton Road Capital Acquires Kansas City Class "A" Office Building
KANSAS CITY, MO (July 25, 2016) – Stanton Road Capital, LLC (“SRC”), through its affiliate, SRC Plaza Office Owner, LLC, announces the acquisition of 4600 Madison Avenue, a 265,000 square foot Class “A” office building located in the Country Club Plaza submarket of Kansas City. More commonly known as Plaza West, the property was 91% leased at the time of acquisition.
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Globe St.com - August 23, 2015
Stanton Road buys St. Louis Deloitte Building
Stanton Road Capital, LLC has just acquired, through an affiliate, 100 S. 4th St., a 249,000 square foot class A office building in the CBD commonly known as the Deloitte Building. It's another sign that the downtown market here has popped up on the radar screens of out-of-town investors as leasing shows signs of improvement and major infrastructure projects approach completion.
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Rentv - September 2, 2014
Office building in Dallas Freeport area sells for $20M
In a Dallas area investment buy from a month or so ago, a partnership of Stanton Road Capital LLC and Vancouver-based Second City Real Estate purchased a 159k sf office building at 3660 Regent Blvd, in the city's Freeport submarket. The property was sold by Persis Corporation for about $20 mil ($126/sf) in an off-market deal.
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Bisnow - July 28, 2014
Bisnow Exclusive: LA buyer on Texas buying spree
In its quest for more value-add Texas deals, LA-based Stanton Road Capital closed on its second Texas deal in less than three months with an off-market acquisition in the Freeport area. SRC founder Tim Ronan gave us the deets and how SRC is leaving no stone unturned for Dallas deals
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Bisnow - May 21, 2014
Stanton Road buys 801 Congress
Showing its love for Market Square Park, Stanton Road Capital purchased 801 Congress. Managing partner Tim Ronan tells us it sourced the deal off-market in its quest for sub-institutional (sub-$30M) value-add office buildings in Texas and Southern California.
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