An affiliate of Irvine-based IRA Realty Capital (“IRA”) has purchased the 152,000-square-foot Verizon Alabama State Headquarters and Call Center in Huntsville. IRA’s recent acquisition was structured as a joint venture between IRA and a Persian-Gulf based equity fund, with JP Morgan providing the debt financing. According to IRA founding partners...
IRA Capital Acquires Corporate Verizon Store in Atlanta MSA
IRA Realty Capital today announced it has acquired a retail property net leased to Verizon Wireless located at the new Ashley Park retail development in Newnan, Georgia. Verizon has approximately 10 years remaining on the base term of the lease. The store is a relocation store that was expanded. The...