Velocis Sells Royal Centre One in Atlanta Submarket

ATLANTA – (Oct. 2, 2018) – Velocis, a private equity real estate manager, has sold Royal Centre One, a 152,935-square-foot Class A office complex in the Atlanta suburb of Alpharetta, Ga. The Simpson Organization purchased the property for an undisclosed price.

“When we purchased Royal Centre One, we saw an opportunity to invest in a property with not only a premier address, but also unique characteristics,” said Jim Yoder, partner, Velocis. “As with all of our investments, our goal was to identify and unlock value in the property. Our understanding of the local market, along with some patience and restraint, played a major role in our ability to increase occupancy and raise rental rates with minimal investment, and ultimately, dispose of the asset at the optimal time.”

Velocis purchased the property, which is located at in the heart of the Royal 400 master-planned office park, in 2013 and has since raised occupancy from 53 percent to just under 80 percent. The buildings are situated over 12 acres along the GA 400 corridor. The asset offers tenants easy access to amenities including North Point Mall and the Avalon mixed-use development. Samir Idris, David Meline, Andy Johns, Stewart Calhoun and Casey Masters of Cushman and Wakefield represented the owner.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 28 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia, North Carolina, and the Washington, D.C. corridor. Velocis is led by a team of five seasoned partners who are directly responsible for the acquisition, asset management and disposition of assets. Partners in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment. 

 

Velocis Sells Sunset One & Two Medical Plaza in Raleigh, N. C.

Pair of medical office buildings located within the Research Triangle Region

Raleigh, N. C. – (Aug. 22, 2018) – Velocis, a private equity real estate manager, has sold Sunset One & Two, a pair of medical office buildings totaling more than 36,000 square feet in Raleigh, N.C. A subsidiary of Health Trust of America (NYSE: HTA) purchased the property for an undisclosed price.

“When we purchased Sunset One & Two, we saw a great opportunity to invest in medical office buildings that were located in a highly-sought after market, only a few blocks from a premier hospital and in the Research Triangle Region,” said Jim Yoder, partner, Velocis. “Our goals with these properties were to use Velocis’ leasing and management expertise to add value to this asset and maintain a strong, stable occupancy rate, which we were able to accomplish.”

Sunset One (3909 Sunset Ridge Road) totals 14,765 square feet, and Sunset Two (3921 Sunset Ridge) totals 21,332 square feet. Located within the Research Triangle Region, the property offers tenants easy access to UNC Rex Healthcare Hospital, the Blue Ridge corridor and West Raleigh submarket. Velocis purchased the property in 2014 and made renovations to common areas, lobbies and restrooms of both buildings.

Trinity Partners Investment Sales Directors Mark Alviano, Dunn Mileham, and David Morris represented Velocis in the transaction. Trinity Partners’ leasing and management team of Esther Austin, Eve Pilkington, and Carrie Karcher generated strong leasing momentum, with four new tenants and two lease renewals in the last eighteen months

“There has been a lot of attention on the West Raleigh office submarket from investors, and certainly the underlying fundamentals support this superior demand for quality investment opportunities,” said Mark Alviano, Director, Investment Sales for Trinity Partners.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 28 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia, North Carolina, and the Washington, D.C. corridor. Velocis is led by a team of five seasoned partners who are directly responsible for the acquisition, asset management and disposition of assets. Partners in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment. 

Velocis Purchases Brandywine Crossing Retail Center in Maryland

Grocery-anchored shopping center provides regional draw and high visibility

Brandywine, Md. – (June 27, 2018) – Velocis, a private equity real estate manager, in partnership with Katz Properties, has acquired Brandywine Crossing, a 230,925-square-foot Class A retail center located at 15922 Crain Highway in Brandywine, Md.

“Brandywine Crossing represents an opportunity to acquire a grocery-anchored shopping center in a burgeoning community near Washington, D.C. Acquiring assets in this metro area is an integral part of Velocis’ investment strategy,” said Paul Smith, Velocis partner. “The property’s visibility assists in capturing the surrounding consumer market through unmatched traffic, and it represents a dominant retail destination.”

Brandywine Crossing is located approximately 20 miles southeast of Washington, D.C. within Prince George’s County, one of the fastest-growing areas in the country. Its strategic placement along Brandywine’s main thoroughfare, Crain Highway (Route 301), provides high accessibility and visibility with roughly half a mile of frontage. The open-air retail center is anchored by Safeway, Marshalls, Target and Costco. Katz Properties will provide management services for the property.

Brandywine Crossing represents the fifth acquisition in the Washington, D.C. Metro area made by Velocis. In 2015, the firm purchased Loudon Gateway II and III, two Class-A suburban office buildings in Sterling, Va., and Shirlington Tower, a Class-A office building in Arlington, Va. In 2017, Velocis acquired 3120 Fairview Park, a Class-A office building in Falls Church, Va. Earlier in June of this year, Velocis purchased Greensboro Park, a two-building office complex in Tysons, Va. in 2018.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 28 assets in select markets in Texas, Arizona, Colorado, Georgia, Florida, North Carolina and the Washington, D.C. Corridor. Velocis is led by a team of five seasoned partners who are directly responsible for the acquisition, asset management and disposition of assets. The partners of Velocis are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

About Katz Properties

Katz Properties is a real estate investment, development and management company with offices in Connecticut, Florida, Massachusetts, New Hampshire, New York, Pennsylvania and Virginia that focuses on the acquisition, operation and repositioning of retail shopping centers on the East Coast. Katz Properties will serve as the property management company for Brandywine Crossing. Additional information about Katz Properties can be found at katzproperties.com

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment. 

Velocis Purchases Greensboro Park in Tysons
with Altus Realty

Transit-oriented office project provides opportunity for added value in amenity-rich location

TYSONS, Va. – (June 11, 2017) – Velocis, a private equity real estate manager, in partnership with Altus Realty, has acquired Greensboro Park, a two-building, 505,085-square-foot office complex located at 8180 and 8200 Greensboro Drive in Tysons, Va.

“Velocis has been looking at a number of assets in various parts of Tysons Corner to help augment our D.C.-area portfolio,” said Paul Smith, Velocis principal. “We are excited to partner with Altus Realty on Greensboro Park as the buildings represent solid in-place cash flow with the ability to add value. We feel that the submarket around The Boro will continue to experience strong momentum in both leasing activity and rent appreciation.”

Renovated in 2015 by the seller, an affiliate of Beacon Capital Partners, LLC, Greensboro Park is prominently located in the heart of one of Washington, D.C.’s most sought-after micro-markets, “The Hill,” and has been approved for up to 520 units of additional multifamily development in two high-rise towers. The project is walking distance to the Greensboro Metro station and Tysons Galleria, and is adjacent to The Boro, a new mixed-use development, creating a potential live-work-play environment for office tenants.

Velocis and Altus plan to add value through upgrades to the building lobbies, common areas, restrooms and green space while maintaining best-in-class management services to its tenants.

“The improving fundamentals of the Northern Virginia office market and the potential multifamily development make Greensboro Park an exceptional investment opportunity,” stated Al Troup, partner at Altus Realty. “Working with the Velocis team makes the opportunity that much more exciting.”

Greensboro Park consists of an 11-story and a 14-story office building. The property is 83 percent leased and is uniquely positioned to accommodate value-conscious tenants while maintaining proximity to the Washington, D.C. metro area. Current amenities include a fitness center, high-tech conference center, tenant lounge, on-site café, and prominent exposure to The Hill.

This is Velocis’ fourth acquisition in Northern Virginia. The firm previously purchased two assets in the market in 2015: Loudon Gateway II and III, two Class-A suburban office buildings in Sterling, Va.’s Loudoun Gateway Business Park, and Shirlington Tower, a Class-A office building in Arlington, Va. In addition, 3120 Fairview Park, a 191,361-square-foot office building in Falls Church, Va. was purchased in 2017.

The seller was represented by CBRE. The property will be managed by JLL.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 27 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. The principals of Velocis are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

About Altus Realty

Altus is a full-service real estate development and investment company based in Washington, DC.  From repositioning underperforming assets to developing ground-up projects, Altus focuses on creating mixes of residential, office, retail and hospitality experiences that inspire.  With a thoughtful, crafted approach to each project, Altus seeks to build long-term relationships and value with its partners and tenants alike. Additional information about Altus can be found at altusre.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment. 

Velocis Sells Class A Office Complex in Houston’s Hedwig Village

HOUSTON – (May 30, 2018) – Velocis, a private equity real estate manager, has sold Echo Lane, a 189,162-square-foot Class A office complex in Houston’s Hedwig Village. 800 Builders purchased the property for an undisclosed price.

“When we purchased Echo Lane, we saw a great opportunity to invest in a property with not only a premier address, but also unique characteristics,” said Mike Lewis, partner, Velocis. “As with all of our investments, our goal was to identify and unlock value in the property. With Echo Lane, our understanding of the local market, along with some patience and restraint, played a major role in our ability to increase occupancy and raise rental rates with minimal investment, and ultimately, dispose of the asset at the optimal time.”

Velocis purchased the property, which is located at 950 and 952 Echo Lane, in 2012 and has since raised occupancy from 83 percent to 97 percent. The buildings are situated on 3.8 acres of wooded land and boast distinct characteristics including a stained-glass ceiling atrium and four-story marble grand staircase. The properties are located in the upscale Hedwig Village, featuring one of the most impressive addresses in Houston. Rudy Hubbard, Kevin McConn and Rick Goings with JLL represented the owner.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 26 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia, North Carolina, and the Washington, D.C. corridor. Velocis is led by a team of five seasoned partners who are directly responsible for the acquisition, asset management and disposition of assets. Partners in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment. 

Velocis Purchases Class A Office Complex in Atlanta’s North Fulton Submarket

ALPHARETTA, Ga. – (Nov. 30, 2017) – Velocis, a private equity real estate manager, has acquired Parkway 400, a two-building, 194,664-square-foot Class A office complex located at 11720 and 11800 Amber Park Drive in Alpharetta, Ga. Built in 2000 and 2001, the property is located in North Fulton County, one of Georgia’s strongest economic and demographic areas.

“The asset’s accessibility and proximity to amenities, while offering competitive rates, give Parkway 400 the opportunity to fill a unique niche in the market,” said Jim Yoder, Velocis principal. “Due to the success we’ve enjoyed at Royal Centre One, our other property in the market, we felt very comfortable making another investment in the North Fulton submarket. While close in proximity, Parkway 400 and Royal Centre One offer tenants two distinct environments.”

To unlock value, Velocis plans to improve the building by renovating building systems and common areas. Additional plans include implementing a fully capitalized leasing program to enhance the asset’s marketability.

As one of the highest-quality assets in the area, Parkway 400 consists a two-story and a six-story office building, both with surface parking ratios of 4.1/1000. The property is 78.5 percent leased and is located in close proximity to amenities, including Avalon, one of metro Atlanta’s preeminent mixed-use developments.

Parkway 400 marks Velocis’ second acquisition in the North Fulton submarket. In 2013, Velocis Fund I purchased Royal Centre One, a 152,935-square-foot office building, also in Alpharetta.

Velocis has selected Colliers International to provide property management and leasing services at Parkway 400.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 26 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Principals in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Purchases Class A Office Building in Top Houston Submarket

SUGAR LAND, Texas – (Oct. 19, 2017) – Velocis, a private equity real estate manager, has acquired Two Sugar Creek, a Class A, 143,410-square-foot office building located in Sugar Land, Texas, one of Houston’s most sought-after suburbs.

“Sugar Land is consistently the top Houston office submarket in terms of occupancy rate. The current stability is appealing to us, as are the long-term growth projections for the submarket,” said Mike Lewis, Velocis principal. “Combined with the location, the quality of the design and the opportunity to add immediate value make Two Sugar Creek a perfect fit for Velocis’ investment strategy.”

At 84.7 percent leased, Velocis plans to take advantage of the Two Sugar Creek’s rare existing vacancy by adding value through strategic leasing efforts. Other value-add plans include key building improvements, like upgrades to common areas and vacant tenant suites.

Velocis has partnered with Stream Realty Partners to provide leasing and management services for Two Sugar Creek.

Built in 1999, the six-story property features high-quality design, flexible and efficient rectangular floor plates, high-end finishes, on-site conferencing facilities, a grab and go deli, and structured parking.

Located one block from Dairy Ashford Road, and less than a mile from the intersection of Interstate 69 and U.S. 90, Two Sugar Creek’s location provides tenants and visitors convenient access to several of Houston’s other primary transportation arteries, including Beltway 8, Westpark Tollway and Grand Parkway, as well as Sugar Land’s residential communities.

HFF represented the seller in the transaction. Craig McKenna, vice president, and Mat Volz, senior associate, with Stream will oversee leasing and Debrah Martin with Stream will oversee property management services for the building.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 25 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Principals in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis

Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

About Stream Realty Partners

Stream is a commercial real estate firm with locations across the country. The company’s full-service offerings cover the broad spectrum of leasing, management, development, construction, health care and investment sales services across the commercial and multifamily industry. In addition, Stream specializes in sourcing acquisition and development opportunities for the firm and its clients. Visit www.streamrealty.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment. 

Velocis Purchases One Clearlake Centre Office Tower in West Palm Beach

WEST PALM BEACH, Fla. – (July 20, 2017) – Velocis, a private equity real estate manager, in partnership with CREC, a leading, full-service commercial real estate company, today announced the acquisition of One Clearlake Centre, a Class A, 218,461-square-foot office tower in West Palm Beach, Fla. Located at 250 South Australian Avenue, the 18-story tower sits in the heart of West Palm Beach’s re-emerging downtown core.

“At just 47 percent leased, One Clearlake Centre offers Velocis the opportunity to acquire a well-located, Class A asset at a significant discount to replacement cost,” said Mike Lewis, Velocis principal. “Downtown West Palm Beach is experiencing an urban renaissance that makes this an opportune time to make a value-add investment in the market. A planned, strategic repositioning program will bring this property in line with market standards, increasing its attractiveness to tenants. Having a local joint venture partner in CREC increases our confidence in this building’s potential.”

Plans for the building include a multi-million-dollar capital improvements program, focused on updating the 1980s-era building and implementing an active marketing program. Major upgrades will include new public spaces such as lobbies, corridors and bathrooms, as well as the creation of a modern tenant lounge and conference center. The establishment of multiple spec suites will also cater to market demand for small, move-in ready spaces.
Velocis has partnered with CREC, Florida’s leading, independent, full-service commercial real estate firm, to provide leasing and management services for One Clearlake Centre.

“The acquisition of this high-potential property enhances our growing portfolio of prime assets under the CREC brand,” said CREC President and Co-Founder Carol Greenberg Brooks. “We identified One Clearlake Centre with the foresight to re-introduce a quality product in the Palm Beach submarket, with newly-positioned office lease offerings that will draw substantial interest.”

As one of the tallest buildings in the market, the 18-story One Clearlake Centre affords tenants an ideal location in the heart of Downtown West Palm Beach, with panoramic views of Clear Lake, the city skyline and Atlantic Ocean. Its easy access to and from Interstate 95 provides tenants with efficient ingress/egress, as well as proximity to Clematis Street, CityPlace, the area’s hottest restaurants, shopping and entertainment district, TriRail and the newly-constructed Brightline station.

Built in 1986, the property includes a 5-story, 662-space parking garage. One Clearlake Centre is LEED Silver certified and EnergyStar rated.
CBRE’s Christian Lee and José Antonio Lobón represented the seller. CBRE’s Amy Julian represented the buyer in financing the transaction.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 24 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Principals in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

About CREC
CREC is the leading, independent, full-service commercial real estate company in Florida with offices throughout the state of Florida. Since its founding in 1989, CREC has provided fully-integrated real estate services, including brokerage, leasing, management, tenant representation, receiverships, workouts, as well as debt and equity financing. The company continues to uphold its mission of being “Your Florida Partner” through its commitment to providing clients with unrivaled service and a streamlined approach. Through the years, CREC has built a portfolio of more than 13 million square feet across 100-plus properties throughout Florida. For more information, visit www.crec.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Purchases Class A Medical Office Complex in San Antonio

SAN ANTONIO, Texas – (July 20, 2017) – Velocis, a private equity real estate manager, through its Velocis Fund II, has purchased Legacy Oaks, a 224,262-square-foot, Class A medical office complex located directly adjacent to San Antonio’s 900-acre South Texas Medical Center.

The seven-building complex, which recently underwent extensive capital improvements, is currently 75 percent leased by a mix of health care providers, including Baptist Health System, MEDNAX, BB&T, and the Center for Healthcare Services.

“This asset is one that checked all of the boxes for us in terms of our value-add investment strategy,” Mike Lewis, principal, Velocis. “The previous owner did an excellent job of laying the groundwork for the property’s long-term success. Building on their momentum, we plan to increase occupancy by providing fresh capital for physical enhancements, tenant improvements, and leasing commissions.”

To unlock value, Velocis plans to implement a refreshed management and leasing strategy with a market-oriented approach enhanced by key physical improvements.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 23 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Principals in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.

Velocis Purchases Class A Office Building in Northern Virginia

FALLS CHURCH, Va. – (Feb. 23, 2017) – Velocis, a private equity real estate manager, in partnership with Moore & Associates, a Bethesda, Md. based local sponsor, today announced the purchase of 3120 Fairview Park, a Class-A, 190,110-square-foot office building located in Fairview Park, Metro DC’s only “inside-the-Beltway” corporate office park.

Located at the intersection of I-495 and RT-50, 3120 Fairview Park is adjacent to the 395-room Marriott Hotel, two miles from the amenity-rich, mixed-use Mosiac District, and near the Defense Health Agency and Inova Center for Personalized Health.

“3120 Fairview Park is a true best-in-class asset that is a perfect fit for our acquisition strategy in terms of market timing, building quality and opportunity to unlock hidden value,” said Paul Smith, principal, Velocis. “Working with our local partner Moore & Associates, Velocis has been exploring Northern Virginia for the right value-add opportunity for our third purchase in the market, and we are pleased to have found it in 3120 Fairview Park.”

Situated within a park-like environment, the property features 2.5 miles of trails, three lakes and water features, along with other amenities like a spa-quality fitness center, full-service café and high-end tenant finishes. The LEED certified property also features state-of-the-art building systems and free parking at an above average ratio. The property is 87 percent leased.

Velocis plans to make key building improvements, including adding a tenant-only “Millennial Playground” featuring indoor and outdoor communal areas with seating, games, technology, and opportunities for relaxing. Other property upgrades include improved entryways and a VIP Uber service.

The seller, COPT Fairview LLC, was represented by JLL’s Bill Prutting. The property will be managed and leased by Moore & Associates.
This is Velocis’ third acquisition in Northern Virginia. In 2015, the Fund purchased two assets in the market: Loudon Gateway II and III, two Class-A suburban office buildings in Sterling, Va.’s Loudoun Gateway Business Park, and Shirlington Tower, a Class-A office building in Arlington, Va.

Dallas-based Velocis has been active in real estate investment since 2011, purchasing 22 assets located in markets in Texas, Colorado, Georgia, Florida, Arizona, Virginia and North Carolina. Velocis is led by a team of five seasoned principals who are directly responsible for the acquisition, asset management and disposition of assets. Principals in Fund II are Fred Hamm, Mike Lewis, David Seifert, Paul Smith and Jim Yoder.

About Velocis
Velocis consists of two entities: Velocis Funds and Velocis Advisors. 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. Additional information about Velocis can be found at velocis.com.

About Moore & Associates
Since its founding in 1979, the Moore team has enhanced the value of its commercial real estate investments through proactive management, leasing, and tenant interior construction, strengthening the decades long belief that platform execution drives down risk while increasing overall return.

This does not constitute an offer to sell, or a solicitation of any offer to buy any securities or investment advice, nor is it intended to be a description of all material factors an investor should consider before making any investment.