#United States #Austin #Buchanan Capital Partners #Crow Holdings Development #Rock Creek Center

Buchanan Capital Partners Expands with New Joint Venture in North Carolina

Buchanan Capital Partners (BCP), the Austin-based commercial real estate investment firm known for its zero-fee structure, has recently made headlines with the announcement of a new joint venture with Crow Holdings Development. This partnership is responsible for developing the Rock Creek Center, a significant industrial project located in the Piedmont Triad region of North Carolina, specifically the Greensboro-Winston Salem-High Point area.

Overview of the Joint Venture

The Rock Creek Center will consist of two buildings and encompass a total area of 422,568 square feet. Positioned strategically along Interstate 85, this development is set to take advantage of the region's burgeoning economic landscape. Notably, the site is in close proximity to major developments such as a $14 billion Toyota battery manufacturing facility and an $860 million Food Lion distribution center. Furthermore, the project is part of a mixed-use park that hosts prominent tenants including Amazon, FedEx, Duke Energy, Lenovo, Ralph Lauren, and American Express, thus enhancing its appeal to potential future occupants.

With ARCO Murray appointed as the general contractor, the North Carolina division of Crow Holdings Development will supervise the project’s execution. The leasing operations will be spearheaded by Dodson Schenck and Will Henderson from CBRE, who are tasked with ensuring that the buildings are occupied upon completion.

BCP's Growth Focus

Keith Buchanan, the founder of BCP, expressed his excitement about this venture, noting that it represents both the firm’s first foray into the North Carolina market and its continued strategy of partnering with best-in-class developers like Crow Holdings. He remarked, “This transaction builds on BCP's recent growth in the industrial sector and aligns with our focus to engage top-tier development partners.”

Furthermore, Ford Albert, the Director at BCP, articulated the firm’s strategy stating, “BCP will continue to grow its industrial presence through both direct acquisitions and JV developments.” He highlighted that such projects mitigate risks through strategic locations that are closely tied to job growth and favorable market dynamics.

About Buchanan Capital Partners

Founded in Austin, Texas, Buchanan Capital Partners is known for its performance-oriented approach in the commercial real estate investment sphere. The firm's unique no-fee structure ensures that investors receive their full returns prior to the firm being compensated, emphasizing BCP’s commitment to investor trust and value creation. Their investment strategies include direct acquisitions and joint ventures focusing on opportunistic real estate developments across various sectors.

The firm’s principal has over 28 years of proven success in the commercial real estate industry, primarily concentrating on major metropolitan areas in Texas. This expertise positions BCP favorably in navigating and capitalizing on investment opportunities.

About Crow Holdings Development

Crow Holdings Development is a distinguished real estate development company that specializes in creating multifamily, industrial, and office spaces across high-opportunity U.S. markets. Since its inception in 1977, it has developed more than 292,000 multifamily units and 77 million square feet of industrial space. The firm operates under Crow Holdings, which has over 75 years of history in real estate investment and development, managing approximately $34 billion in assets. Crow Holdings Development is recognized for its foundational principles of partnership, collaboration, and interest alignment in every project.

Conclusion

With the establishment of Rock Creek Center, Buchanan Capital Partners is poised to make a significant impact in the North Carolina industrial real estate market. By aligning with established partners like Crow Holdings Development, BCP is strategically positioning itself to leverage growth opportunities in the region's expanding economic landscape. Investors and industry stakeholders will be keenly observing the developments as BCP continues to grow its footprint across the United States.