Month: August 2015

“Velocis capitalized on a unique opportunity to secure this property for its important location at the cross roads of Charlotte’s colocation and connectivity network,” said Jim Yoder, Velocis Principal. “The asset’s status as a prime fiber optic hub combined with the abundant power and security the building offers tenants, creates a significant untapped opportunity.”

The two-story building, which offers expansion opportunities, was built in 1968 and is currently more than 80 percent leased. Significant long-haul fiber routes originate from all directions through the building and it draws a wide array of telecommunications and colocation data center users. Additionally, it is ideally located close to multiple data centers and telecommunication companies including the area’s main AT&T switch.

Velocis partnered with Lincoln Property Company on the acquisition. “Charlotte offers a dense telecommunication infrastructure that is on par with any Tier 1 city,” said Martin Peck of Lincoln’s data center division, Lincoln Rackhouse. The facility will be leased and managed by Lincoln Harris.

Dallas-based Velocis, has been active in real estate investment since 2011, purchasing 18 assets located in markets in Texas, Colorado, Georgia, Florida, North Carolina and Arizona. Launched in 2010, the Fund is led by principals Fred Hamm, Mike Lewis, Paul Smith, Jim Yoder and David Seifert.

About Velocis
Velocis consists of two entities: Velocis Fund, LP and Velocis Advisors, LLC. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management, and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients.

About Lincoln Rackhouse
Lincoln Rackhouse is the data center division for Lincoln Property Company. Headquartered in Dallas, Texas, Lincoln Property Company is one of the largest and most respected diversified real estate services companies in the industry. The Company employs over 4,000 professionals in over 100 markets in the United States and Europe.

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Velocis and Lincoln Harris bought the building at 701 E. Trade Street in a deal that closed last week. The two-story building is a node in the invisible but all-important infrastructure web around us, housing major fiber optic lines and data switches.

“Velocis capitalized on a unique opportunity to secure this property for its important location at the cross roads of Charlotte’s colocation and connectivity network,” said Jim Yoder, Velocis principal, in a statement. “The asset’s status as a prime fiber optic hub combined with the abundant power and security the building offers tenants, creates a significant untapped opportunity.”

Lincoln Harris will lease and manage the center. The building was constructed in 1968 and is 80 percent leased.

“Charlotte offers a dense telecommunication infrastructure that is on par with any Tier 1 city,” said Martin Peck. He’s with Lincoln Harris’ data center division, Lincoln Rackhouse.

Here’s how Velocis described the building’s importance in a statement:

“Significant long-haul fiber routes originate from all directions through the building and it draws a wide array of telecommunications and colocation data center users. Additionally, it is ideally located close to multiple data centers and telecommunication companies including the area’s main AT&T switch.”

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STERLING, VA—Private equity manager Velocis has acquired two Class A office buildings totaling almost 180,00 square feet in the Loudoun Gateway Business Park here.

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The properties total more than 170k SF. Velocis bought them two years ago from Moore & Associates; Velocis principal Mike Lewis says the firm was able to achieve its investment goals faster than originally forecast. Both buildings are fully leased and in hot office submarkets. Transwestern’s Hale Umstattd and Leah Gallagher repped the seller.

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The properties, Arboretum Atrium and Las Cimas I, total more than 170,000 square feet. Velocis purchased them in 2013 from its partner, Moore & Associates, which managed and leased the properties.

Arboretum Atrium is a 91,083-square-foot office building with a three-story atrium located at 9737 Great Hills Trails in Northwest Austin. Restaurants, retail venues, and hotels are nearby, and the building is one block from Highway 183, MoPac, and Loop 360. The area is a hub for leading technology companies that include Apple, Cisco, HP, Microsoft, and Google.

Las Cimas I is located at 804 Las Cimas Blvd. in Southwest Austin, at the corner of Bee Caves and Loop 360. It comprises 82,787 square feet of space in its three stories. Both properties were fully leased at the time of the sale.

Hale Umstattd and Leah Gallagher of Transwestern represented the seller in the transaction.

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