Daphne, Ala.-based commercial real estate investment firm expands into Tallahassee market with the acquisition of Woodlane Circle Commerce Park
DAPHNE, ALA. (August 29, 2024) - Stoic Equity Partners is proud to announce the successful acquisition of Woodlane Circle Commerce Park, a strategically located flex industrial property in Tallahassee, FL. This asset is the firm’s first asset in the Tallahassee market.
Woodlane Circle Commerce Park, a 48,750 square foot multi-tenant facility, is comprised of 19 units and features a diverse tenant mix. The property presents a significant value-add opportunity with in-place leases priced approximately 30% under market, positioning it for strong future returns.
“The addition of Woodlane Circle Commerce Park is a great boost to Stoic’s growing multi-tenant flex industrial portfolio,” said Grant Reaves, Co-Founder and Managing Director of Stoic Equity Partners. “This property offers tremendous upside, and we’re already realizing that potential with new leases being signed at higher rates.”
The investors in the Woodlane Circle Commerce Park will be able to capitalize on the property appreciation in value during the hold period by aligning existing leases with market rates at renewal and securing new leases that not only reflect current market rates but also anticipates the added value from current market occupancy trends. Stoic will also perform renovations to refresh the asset to capture the assets full potential.
With this latest acquisition, Stoic Equity Partners continues to broaden its footprint in the Southeast, now managing over 925,950 square feet of commercial space across various markets in the Southeast. The firm continues to focus remains focused on identifying and capitalizing on high-potential investment opportunities within the flex industrial sector.
About Stoic Equity Partners
Stoic Equity Partners is a Daphne, Ala.-based commercial real estate investment firm dedicated to value-add and opportunistic commercial real estate acquisitions and developments throughout the Southeast. Co-founders Jeremy Friedman and Grant Reaves leverage their extensive experience as commercial real estate brokers to manage and sponsor strategic investments.
For more information about Stoic Equity Partners and its approach to real estate investment, please visit stoicEP.com.
Media Contact
Jeremy Friedman
Co-founder and CEO, Stoic Equity Partners
Phone: 251-747-9111
Email: jfriedman@stoicep.com
Address
2210 Main Street, Ste H
Daphne, AL 36526
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