Company News
Fall 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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Fall 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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Fall 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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Summer 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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Summer 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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Winter 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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Winter 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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Winter 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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Fall 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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Summer 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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Summer 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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Fall 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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Summer 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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Spring 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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