TerraCap makes a big entrance into Phoenix

In its first Arizona deal, Naples investment firm acquires a pair of office buildings for $103.5 million.

  • By Kevin McQuaid
  • | 6:00 a.m. February 19, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — TerraCap Management's first purchase in Phoenix involved the two-building Anchor Centre office complex.
COURTESY PHOTO — TerraCap Management's first purchase in Phoenix involved the two-building Anchor Centre office complex.
  • Commercial Real Estate
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As part of an expansion program that took it to Dallas and Denver in recent years, TerraCap Management LLC has completed its first purchase in Phoenix for $103.5 million.

The Naples-based real estate investment firm’s inaugural deal in the Arizona market involved Anchor Centre, a two-building office complex with roughly 333,000 square feet of rentable space.

 

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