CHARLOTTE, N.C. – (Dec. 18, 2018) – Bear Real Estate Advisors announced today that the real estate investment services firm represented Capital Square 1031 in its acquisition of an approximately 150,000-square-foot, Class A corporate headquarters office building located in the Charlotte, North Carolina suburb of Fort Mill, South Carolina.
The property will be offered as an investment by Capital Square, a leading national real estate investment sponsor.
Located at 8106 Calvin Hall Road, the three-story facility is 100 percent leased to CompuCom Systems Inc. on a triple net basis, with 14 years remaining on the 15-year lease. The property is situated on approximately 19 acres of land. CompuCom is a wholly-owned subsidiary of Office Depot Inc., and provides end-to-end managed services, technology and consulting to enable the digital workplace for enterprise, midsize and small businesses.
“This is a well-located building with an award-winning, state-of-the-art design that features a complete package of amenities to meet the needs of its high quality tenant,” said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. “This transaction is an outstanding example of Bear Real Estate Advisors’ ability to wade through the sea of options out there to locate the best investment property for our clients, and to advocate on their behalf to meet their investment goals.”
CompuCom’s clients include six of the top 10 Fortune 500 companies, seven of the top 10 retailers in North America and six of the top 10 financial services firms. CompuCom, which has 11,000 associates and more than 100,000 certifications, manages and supports more than 5 million end users, 8 million service desk contacts, 1 million mobile devices, 6.4 million stationary devices and 2.4 million network devices.
“Matt Bear has once again sourced an exceptional investment property for our firm, with this acquisition marking the third from the Bear Real Estate Advisors team in 2018,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “We couldn’t be more pleased as we add this very modern, well-located digital campus property to our national portfolio.”
CompuCom houses its proprietary Internet of Things system at the property, that connects, automates and controls all electric systems and devices within the building. The company reports in its digital campus case study, that the operating efficiencies of its digital campus allow it to operate at approximately 16 percent less expense than their previous headquarters. The company was named the 2018 Leader by Gartner Magic Quadrant Managed Workplace Services, North America; 2018 #1 End-User Device by Gartner Critical Capabilities, Managed Workplace Services, North America; and a 2018 Top 50 Best Workplace by the Silicon Review.
About Bear Real Estate Advisors
Bear Real Estate Advisors, founded in 2018 and headquartered in Las Vegas, is a boutique real estate investment services firm that caters to investors looking for personalized service and real world, battle-tested acquisition and disposition advice. The firm focuses on Section 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, joint venture advisory, capital structure advisory, build-to-suit developments, debt/equity, specialized search and family office/professional investor buyside representation. For more information, go to www.bear-advisors.com.