181,000sf Office Property
Acquired May 2016, Austin, TX
115,000sf Office Property
Acquired February 2016, Austin, TX
94,000sf Office Property
Acquired September 2013, Houston, TX
Two-building, 256,000sf Office Project
Acquired December 2013, Dallas, TX
109,000sf Office Property
Acquired off-market January 2014, Houston, TX
263,000sf Office Property
Acquired June 2014, Irving, TX
75,000sf Office Property
Acquired August 2014, Austin, TX
171,000sf Office Property
Acquired in December 2014, Greenwood Village (Denver), CO
Two-building, 182,000sf Office Portfolio
Acquired December 2014, Denver, CO
Two-building, 182,000sf Office Portfolio
Acquired December 2014, Denver, CO
Two-building, 170,000sf Office Project
Acquired August 2015, Charlotte, NC
564,000sf Four Building Office Portfolio
Acquired October 2015, Atlanta and Macon, GA
161,480sf Two Building Office Project
Acquired August 2016, Raleigh, NC
Totaling 161,480sf, Palisades I & II are two 4-story Class A- office buildings located in the West Raleigh submarket. The two properties were built by the same developer and share parking and ingress/egress. They were designed to be operated under a single owner, but were split apart in 2008. Reuniting the properties back under common ownership will lead to economies of scale and improved operating efficiencies. The buildings were purchased in separate transactions from two different owners in August 2016.
The West Raleigh location and proximity to I-40 offer tenants numerous restaurant and shopping options within a ten minute drive of the buildings. Access to I-40 holds additional appeal to tenants living in Cary and older prestigious Wake County neighborhoods who prefer to office closer to their homes.
136,000sf Office Property
Acquired December 2012, Austin, TX
141,000sf Four Building Office Complex
Acquired April 2011, Austin, TX
New York Life is a 124,666sf office building located in Corpus Christi, Texas. Located on South Staples in the thriving suburbs of Corpus, Sun Plaza is surrounded by amenities such as shopping, dining and hotels. This building was considered the nicest Class A multi-tenant office building in the suburbs and features a 4-story interior atrium with vegetation and numerous water features. This project was acquired in the summer of 2003 and is just blocks away from Sun Plaza which was also owned by the T. Stacy partnership. This project was sold in May 2005 to an individual buyer.
Sun Plaza is a 73,832sf office building located in Corpus Christi, Texas. Located on South Staples in the thriving suburbs of Corpus, Sun Plaza is surrounded by amenities such as shopping, dining and hotels. This project was acquired in the summer of 2003 and is just blocks away from the NYL Building which was also owned by the T. Stacy partnership. This project was sold in November 2004 to an individual buyer.
T. Stacy owned the complete city block at the SE corner of 6th & Congress in the Austin CBD. This asset consists of a 535 space parking garage, 24 apartments and 28,000sf of retail space. This project was sold in April 2013.
The Littlefield Building, along with the mall and garage across the street, was purchased simultaneously with the Scarbrough building from two different owners in December 1997. Rents were grown from $11NNN to $19NNN and occupancy went from 70% to 98% during the two year ownership period. The project was ultimately sold to a private capital group in December of 1999. T. Stacy managed and leased the property during ownership and also handled these functions for the new owner for two years after the sale.
The Scarbrough Building was purchased simultaneously with the Littlefield building from 2 different owners in December 1999. The asset had no parking but when married with the abundant parking provided by the adjacent Littlefield garage, tremendous value was added. The net rentable square footage was also increased 25% through remeasurement and the conversion/recapturing of space. Rents were grown from $9 gross to $22 gross and occupancy went from 45% to 95% during the two year ownership period. The project was ultimately sold to a private capital group in December of 1999. T. Stacy managed and leased the property during ownership and also handled these functions for the new owner for two years after the sale.
T. Stacy & Associates applied its redevelopment skills to the once-dilapidated Perry-Brooks Building. Acquired by the partnership in 1998, Perry-Brooks was modernized and rehabilitated into a downtown digital office facility. Furthermore, the ownership leveraged the capacity of the property's parking garage, creating value by leasing spaces to two major downtown hotels. This project was sold in February 2008 to a private investment group.
Initially debuting in 1924, the Stephen F. Austin Hotel hosted the social scene for legislators, businessmen and educators for more than 60 years. The hotel eventually closed in 1987 amid financial turmoil. After sitting vacant for 10 years, the asset was acquired in 1997 and initiated a $30 million renovation to recreate its historic charm. In 2000, the hotel was re-opened as the four-star Stephen F. Austin InterContinental and was subsequently sold to InterContinental Hotels. Recognizing the positive change this development created, the Downtown Austin Alliance awarded T. Stacy & Associates the 2000 "Project IMPACT" Award for the Best Renovation/Rehabilitation in the Downtown Area.
In 1998 a T. Stacy partnership began assembling several tracts of land at 4th & Congress in downtown Austin. Ultimately deciding to sell and not develop the site, TSA sold the site to Cousins Properties in 2001. TSA took the project through the entire entitlement and development approval process and obtained the greatest variance of FAR ever received in Austin at that time. Soon thereafter, Cousins developed a 525,000sf Class A+ office building on the site which opened in early 2004, known as Frost Tower.
In 1994, an investment partnership led by T. Stacy & Associates purchased 823 Congress Avenue. The 181,381 square foot property, located at the southeast corner of 9th Street and Congress Avenue, stands only two blocks south of the State Capitol in Austin. The investment partnership purchased the under-performing asset from the FDIC with its occupancy standing at 28%. Since the acquisition, T. Stacy & Associates has raised occupancy at the property to a high of 97%. CapRidge Partners also offices within the building. This building was sold in January 2014.
In 2003 T. Stacy and Walton Street Capital acquired the 67,146sf Siemens Building as a part of the Rosche Portfolio. This asset was fully leased to Siemens Corporation and was sold in March 2004 to a tenant-in-common (TIC) buyer out of California.
In 2003 T. Stacy and Walton Street Capital acquired the Flygt Building as a part of the Rosche Portfolio. This asset was fully leased to ITT Flygt Corporation and was sold in April 2004 to a 1031 Exchange buyer.
n 2003 T. Stacy and Walton Street Capital acquired the Gemini Building as a part of the Rosche Portfolio. This asset was fully leased to ATA Associates and was sold in December 2003 to the tenant.
150,000sf Office Property
Acquired June 2013, Austin, TX
350,000sf Two Building Office Complex plus Adjacent Parking Garage and 1 Acre Land Parcel
Acquired November 2004, Austin, TX
203,000sf Three Building Office Complex
Acquired July 2002, Austin, TX
80,000sf Office Property
Acquired October 2003, Houston, TX