World Class Capital Group

World Class Capital Group
Private
Industry Real Estate Development
Founded 2007
Headquarters Austin, Texas, United States
Key people
  • Nate Paul, founder, president & CEO
  • Sheena Paul, COO
Website wccapitalgroup.com

World Class Capital Group is a privately owned real estate company based in Austin, Texas with an additional office on Madison Avenue in New York City. The company is owned by president and CEO Nate Paul.[1][2][3]

History

In January 2011, World Class Capital Group purchased Teakwood Plaza shopping center in Austin, Texas.[4] In October of the same year, the company acquired three Austin properties which previously held Spaghetti Warehouse, Katz’s Deli, and La Zona Rosa, a live music venue.[5]

World Class purchased a 1-acre lakefront property in Austin in August 2012 from Trinity Street Joint Venture.[6] The company later announced a proposition to construct a 39-story apartment tower at the location.[7] The same month, the company acquired a 12-property self-storage portfolio from Sovran Self Storage which had been operating under the Uncle Bob’s Self Storage brand. The properties in Dallas and the Houston area would be re-branded as Great Value Storage,[8] a wholly owned and operated subsidiary of World Class.[9][10] World Class acquired a portfolio of eight self storage facilities in Ohio in November 2012, to be re-branded as Great Value Storage.[11] Also in 2012, the company purchased shopping centers in Austin, Texas and Denver, Colorado.[12]

World Class purchased Nellis Self Storage facility in Las Vegas in January 2013 to be re-branded as Great Value Storage.[13] In April of the same year, the company purchased a five-property self-storage portfolio in Houston, Texas and Indianapolis. The companies would also be re-branded under the Great Value Storage name.[9] Later that month, it acquired the retail center Huron Plaza in Denver, Colorado from Capmark Finance.[14] In March 2013, World Class purchased a 1.3-acre property surrounding the Austonian skyscraper.[15] That same month, it acquired Galleria Oaks, a shopping center in Austin, from Los Angeles-based Galleria Associates Ltd.[16] The company purchased two commercial properties in June 2013 including North Oaks shopping center in Houston, Texas, and Andrita Media Center in Los Angeles in the acquisition.[17] World Class bought a student housing complex, State Flats, in San Marcos, Texas in December of that year.[12] In the same month, it purchased Culebra Crossing, a retail center in San Antonio, Texas.[18]

The company purchased the former Cypress Semiconductor campus in Round Rock, Texas in February 2014. The 118-acre facility had been closed since 2009.[3][19][20] That same month, it acquired six self-storage properties in Houston from MMD Group. The properties were re-branded from Magi Self Storage into Great Value Storage.[2] In March of that year, World Class Capital acquired the KPMG Center in Dallas, Texas.[21][22] In September 2014, World Class Capital bought former pool club Revive Uptown Dallas from Pearl Realty Holdings.[23] The company expanded into Louisiana when it bought Manhattan Place in Harvey, Louisiana for $18.5 million in October from Weingarten Realty Investors.[24] A portfolio of eight Midwestern shopping centers was acquired in November. The purchase from Kimco Realty, a New York-based real estate investment trust, included shopping centers in Illinois, Iowa, Missouri, and Oklahoma. With this investment, the company increased its holdings to 15 states.[25]

In June 2015, World Class Capital acquired another downtown Austin property zoned for 400,000 square feet. That same month, the company also announced STK Steahouses would occupy one of Austin properties of World Class Capital.[26]

References

  1. ↑ Jan Buchholz (January 3, 2014). "14 to Watch in 2014". Austin Business Journal.
  2. 1 2 Jan Buchholz (February 24, 2014). "Austin real estate company snags big Houston self-storage portfolio". Houston Business Journal. Retrieved April 29, 2015.
  3. 1 2 Michael Theis (February 12, 2014). "Cypress Semiconductor campus sold to developer World Class Capital". Austin Business Journal. Retrieved April 29, 2015.
  4. ↑ Francisco Vara-Orta (January 6, 2011). "Austinite buys Burnet Road Shopping Center". Austin Business Journal. Retrieved April 29, 2015.
  5. ↑ "Austin firm acquires 3 high-profile downtown buildings". Statesman. October 31, 2011. Retrieved April 29, 2015.
  6. ↑ Shonda Novak (August 2, 2012). "Firm buys lakefront tract near Four Seasons; development plans unclear". Statesman. Retrieved April 29, 2015.
  7. ↑ Shonda Novak (November 14, 2013). "39-story apartment tower planned downtown". Statesman. Retrieved August 10, 2015.
  8. ↑ "World Class Capital Group Acquires 12-Property Portfolio From Sovran Self Storage". Inside Self-Storage. August 24, 2012. Retrieved April 29, 2015.
  9. 1 2 Jan Buchholz (April 3, 2013). "World Class Capital picks up 2,500 self storage units". Austin Business Journal. Retrieved April 29, 2015.
  10. ↑ Alexander Harris (December 30, 2014). "8 independent storage operators to watch in 2015". The SpareFoot Storage Beat. Retrieved April 29, 2015.
  11. ↑ Sarah Drake (November 15, 2012). "World Class Capital acquires Ohio portfolio". Austin Business Journals. Retrieved April 29, 2015.
  12. 1 2 Jan Buchholz (December 10, 2013). "World Class Capital buys another Texas shopping center". Austin Business Journals. Retrieved April 29, 2015.
  13. ↑ Jan Buchholz (January 18, 2013). "World Class Capital nabs Las Vegas storage facility". Austin Business Journal. Retrieved April 29, 2015.
  14. ↑ Sarah Drake (April 12, 2013). "World Class Capital adds Denver retail center to portfolio". Austin Business Journal. Retrieved April 29, 2015.
  15. ↑ Shonda Novak (March 1, 2013). "Austin firm buys high-profile parcel downtown". Statesman. Retrieved April 29, 2015.
  16. ↑ "Local Investor World Class Capital Buys Galleria Oaks Retail Center". CoStar. March 14, 2013. Retrieved April 29, 2015.
  17. ↑ Jan Buchholz (June 12, 2013). "World Class Capital nabs properties in Houston, Los Angeles". Austin Business Journal. Retrieved April 29, 2015.
  18. ↑ Valentino Lucio (December 6, 2013). "Austin-based firm buys retail center on Northwest Side". My SA. Retrieved April 29, 2015.
  19. ↑ Shonda Novak (February 11, 2014). "Real estate firm buys former Cypress Semiconductor campus in Round Rock, plans mixed-use development". Statesman. Retrieved April 29, 2015.
  20. ↑ "In the News: World Class Capital Group". Community Impact. April 24, 2014. Retrieved April 29, 2015.
  21. ↑ "Downtown Dallas' KPMG Centre tower bought by Austin Investor". The Dallas Morning News. 2014-03-25.
  22. ↑ "Behind the Deal: KPMG Centre's Rebranding & Rebirth". BisNow. January 29, 2015. Retrieved April 29, 2015.
  23. ↑ Alessandra Rose Miguel-Descalso (September 22, 2014). "World Class Capital Adds New Property to Texas Property Portfolio". Benzinga. Retrieved April 29, 2015.
  24. ↑ Ben Myers (October 23, 2014). "Manhattan Place shopping plaza in Harvey sells for $18.5M; new owner plans children's stores". NOLA.com. Retrieved April 29, 2015.
  25. ↑ Bryce Meyers (November 24, 2014). "World Class Capital Group Finalizes Acquisition of 1.2 Million-SF Midwest Retail Portfolio". CoStar. Retrieved April 29, 2015.
  26. ↑ Jan Buchholz (June 16, 2015). "World Class Capital snags another high-profile site and lures new restaurant chain to Austin". Austin Business Journal. Retrieved August 10, 2015.
This article is issued from Wikipedia - version of the 11/24/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.