Arkansas-based real estate partnership CapRocq Core 2 added two new Ohio properties to its portfolio moving its asset investment to more than $100 million. The real estate group led by Kevin Huchingson, Franklin McLarty and other general partners.
“Columbus has proven to be an excellent market for CapRocq investments due to its healthy economy and central location,” Huchingson said. “We chose this particular site because of the opportunity to improve the property with our local leasing team at Colliers, and its convenient location in the developing, upwardly-mobile Grandview Heights community.”
The Ohio properties include the 1400 Goodale buildings in Grandview Heights, Ohio, a suburb of Columbus. Other recent investments by the fund include the Triad Office Building in Greensboro, North Carolina; 855 Grandview Avenue in Columbus, Ohio; and Mission Towers in Mission, Kansas.
The latest transactions bring the total CapRocq Core 2 portfolio size to nearly 2 million square feet and more than $107 million in total assets.
Little Rock-based CapRocq Core Real Estate Fund was established in July 2014 with a focus on real estate acquisitions in the heartland region of the United States, including Arkansas. The fund was co-founded by McLarty, Huchingson, Dewitt Smith, Ted Dickey, Isaac Smith and Mark Saviers.
Together, they have more than 130 years of commercial real estate experience and a history of more than $1 billion in combined real estate transactions. The partnership focus on acquiring real estate assets in the office, industrial, retail and automotive sectors.