FCA Adds Asset Management Arm, Closes on Property in Chattanooga
Company forms FCA Asset Managment, LLC to manage retail center in TN
WHEATON, Ill. – First Capital Advisors, LLC (FCA) announced today that the company has formed an asset management group, FCA Asset Management, LLC.
The new entity will manage FCA’s latest acquisition, a retail center in Chattanooga, Tenn., and will manage future acquisitions by FCA.
The property in Chattanooga, Tenn., is a 6,515 square-foot retail building built in 2008 with 100 percent occupancy. Current tenants include FedEx Office, T-Mobile, Cell Phone Repair and Gigi’s Cupcakes.
“The Chattanooga market has seen big players enter it,” said Chris Pope, Principal at FCA, “Volkswagen and Amazon have entered these markets and spurred tremendous growth, and our site is about a mile from their facilities.”
First Capital Advisors, LLC is a fully integrated, self-administered and self-managed real estate investment firm focusing on the acquisition, ownership, and management of high quality real estate throughout the United States. First Capital is an affiliate of First Trust Portfolios L.P., a financial services firm founded in 1991. Additional information about First Capital Advisors can be found at the company’s website at fca-grp.com.