IRA Realty Capital saw a $6 million gain late last month when it sold a Pasadena medical office property it acquired just last year.While it might scream "flip," the five-year-old Newport Beach private equity firm was approached by a partnership led by Tucson, Arizona, real estate investment firm Holualoa...
Upland Town Square Sold for $23.8M
NewMark Merrill Cos Divests 100,000 SF in Inland Empire IRA Capital acquired the Upland Town Square shopping center at 813-913 W. Foothill Blvd. in Upland, CA from NewMark Merrill Companies for $23.75 Million, or about $237 per square foot. The 100,350-square foot neighborhood center was built in 1965 on 8.9 acres...
IRA Capital 2015 Q3 – Acquisitions Update
October 2015 - Acquisitions UpdateIRA Capital is please to announce the recent acquisition of the following properties: Two value-add retail centers in California Food 4 Less Marketplace is a 112,334 SF multi-tenant retail center anchored by Food 4 Less in a strong retail trade area within Moreno Valley, CA....
IRA Capital Sells Lowe’s Portfolio for $81.5M
March 29, 2015 – IRA Capital announced today that it recently closed their largest sale to date, which was the sale of an $81,500,000 portfolio of 4 Lowe’s Home Improvement stores. Lowe’s Home Improvement is a leading home retailer and is generally regarded as one of the top performers in...
IRA Capital Sells Thatcher Medical Center in Pasadena
IRA Capital is pleased to announce the sale of Thatcher Medical Center in Pasadena, California Thatcher Medical Center (“TMC”) is a 73,564 square-foot, two-building medical office complex in the heart of Pasadena, California. The asset is viewed by the local population as an “iconic” property originally designed and constructed to...
IRA Capital Acquires Los Angeles Medical Office Building
IRA Capital is pleased to announce the recent acquisition of Wilbur Medical Plaza, a 52,889 SF medical office building in LA County, CA. Recently renovated, the property now offers upgraded interior/exterior finishes, common areas, and an on-site pharmacy. Wilbur Medical Plaza is conveniently located three blocks from the Providence Tarzana...
IRA Capital Sells KinderCare Portfolio
IRA Capital is pleased to announce the sale of a five-property KinderCare Learning Center Portfolio. The well-located, high quality assets were acquire data discount to market valuations. The Learning Centers are located in Colorado, Illinois, Maryland, and Florida(2). Each asset is in a growing suburban area with above average demographics,...
IRA Acquires downtown Forth Worth Medical Office Building
IRA Capital is pleased to announce the recent off-market acquisition of a 54,000 SF Class A medical office building in the downtown medical district of Fort Worth, TX The property was a build-to-suit in 2004 for the Tenant, The Center for Cancer and Blood Disorders ("The Cancer Center"), one of...
IRA Recently sells Banco Popular in Chicago, IL
IRA Capital announced today that Net Lease Income Fund I, LLC recently sold their retail bank ground lease in urban-infill Chicago. The tenant is Banco Popular, which ranks among the 30 largest financial institutions in the United States. IRA Capital is a privately-held commercial real estate investment and management company...
IRA Recently sells Banco Popular in Chicago, IL
IRA Capital announced today that Net Lease Income Fund I, LLC recently sold their retail bank ground lease in urban-infill Chicago. The tenant is Banco Popular, which ranks among the 30 largest financial institutions in the United States. IRA Capital is a privately-held commercial real estate investment and management company...