PHILADELPHIA, September 13, 2023 – NCA Realty Partners LLC today announced it has closed on the acquisition of Connection Park Logistics Center, a newly developed, Class A distribution center in San Antonio.
Located at 6851 Cal Turner Dr., the Class A industrial facility totals 490,093 square feet, was completed in early 2023 and is situated on 42.23 acres in one of the most utilized and infill logistics locations in San Antonio. The facility offers prospective tenants 36-foot clear heights, 1.37 acres of outdoor storage and 348 trailer and car parking spaces. Connection Park sits within an established industrial park, offering convenient access to major regional highways and national and global distribution centers.
NCA Realty Partners acquired the project in co-sponsorship with CAPSTAR Real Estate Advisors of Dallas.
About NCA Realty Partners
Founded in 2021 as a subsidiary of Nassau CorAmerica LLC, Philadelphia based NCA Realty Partners is a boutique real estate private equity firm focused on a hybrid approach to investments in housing, storage/distribution, and healthcare (“beds, sheds, and meds”). NCA Realty Partners is currently investing via its first commingled fund focused on direct, co-sponsorship, and preferred equity investments in core-plus and value-add opportunities and serving both institutional and retail investors. The firm leverages deep experience, broad networks, and an institutional framework to identify, evaluate and execute upon opportunities across its target markets and asset classes. To date, NCA Realty Partners has closed on or committed to fund $130 million across 12 transactions nationwide. For more information, visit ncarealty.com.
Nassau CorAmerica LLC is a diversified real estate investment and asset management firm with approximately $3 billion in assets under management. It provides clients with access to a range of investment opportunities including core, core-plus, value-add and structured debt and equity alternatives with an emphasis on public and private commercial real estate debt. Nassau CorAmerica is a subsidiary of Nassau Asset Management Company (NAMCO), the asset management affiliate of Nassau Financial Group. For more information, visit coramerica.com.
Bob Flanigan, NCA Realty Partners
Tim Delaney, NCA Realty Partners
Bill Petak, Nassau CorAmerica
Alice Ericson, Nassau Financial Group