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For Immediate Release: World Class Capital Sells Retail Center for 4x Original Investment

Bookmark and Share Austin, TX - August 31, 2016

World Class Capital Sells Retail Center for 4x Original Investment

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(AUSTIN) — World Class Capital Group, an Austin-based national real estate investment firm, announced today that they have closed on the sale of West Park Place retail center in Cary, North Carolina to BAO Holding Company. World Class was represented by Marcus & Millichap on the sale.

West Park Place is a neighborhood retail center with 20,294 square feet of in-line retail space anchored by a 54,500-square foot Wal-Mart Neighborhood Market. The property is located at the intersection of High House Road and Highway 55, a prominent commuter road to the world-renowned Research Triangle Park.

World Class Capital Group acquired a loan secured by the property, and completed foreclosure in late 2011. After taking ownership of the property, World Class repositioned the center and took the property’s occupancy from 50% to 100%. This value-added investment execution allowed World Class to sell the property at a 4x return on its original investment.

“We are very pleased with the execution of our investment strategy for this property,” said World Class Capital Group President & CEO Nate Paul. “West Park Place is now a stabilized, cash-flowing retail center that is well positioned for continued success for the new owner.”

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If you would like more information about this topic, please contact Emma Borges at 512-327-3300 or email at eborges@wccapitalgroup.com.

Press Contact

Contact: Emma Borges
Email: eborges@wccapitalgroup.com
Phone: 5123273300