FCA closes on two multi-tenant retail properties
CHICAGO, Ill. — First Capital Advisors, LLC (FCA) announced today that the Company has successfully closed on its first two properties on June 27.
The multi-tenant retail properties are located in Wheat Ridge, Colo. and San Marcos, Texas.
The property in Wheat Ridge, Colo., is a 6,512 square-foot retail building built in 2007 with 100 percent occupancy. Current tenants include Starbucks and the Pet Club.
“The Denver market is exciting to us,” said Chris Pope, Principal at FCA, “We think there is tremendous growth opportunity across the Front Range.”
The property in San Marcos, Texas, is an 8,250 square-foot retail building built in 2013 with 100 percent occupancy. Current tenants include Five Guys Burgers and Fries, Sprint Nextel, Best Buy Mobile, and Approved Money Center.
“The Texas market is a no-brainer for us to be in,” said Chris Pope, Principal at FCA, “We will continue to pursue opportunities to increase our presence in Texas, especially in the Texas Triangle.”
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.