Press Release: Real Capital Solutions Acquires Siemens Energy Office Building in Orlando, FL
REAL CAPITAL SOLUTIONS ACQUIRES SIEMENS ENERGY
OFFICE BUILDING IN ORLANDO, FL
Purchase Marks the Largest Acquisition Yet for the Colorado-based Company
LOUISVILLE, Colo., April 9, 2019 – Real Capital Solutions is pleased to announce the purchase of Siemens Energy Quad III, a 226,548 square foot Class-A office building located in Orlando, Florida. The city of Orlando is the U.S. headquarters for Siemens Energy, a wholly-owned subsidiary of Siemens AG, and is also the Global headquarters for Siemens Energy’s Service Division. Siemens Energy hosts both the Fossil Power Generation Division and Energy Service Division, making it one of Orlando’s largest employers at more than 4,400 employees.
Real Capital Solutions (“RCS”) completed a 10-year sale leaseback with Siemens Corporation, a wholly-owned subsidiary of Siemens AG. The property was constructed specifically for Siemens, which has occupied the entire property since delivery in 2003. “This is a mission critical property for Siemens Corporation since it is their U.S. headquarters for Siemens Energy, said Adam Abeln,” VP of Acquisitions.
The property is ideally located in the East Orlando submarket, adjacent to the University of Central Florida and the Central Florida Research Park – the largest research park in Florida and the fourth largest in the United States. The University of Central Florida is the second largest University in the country with more than 66,000 students and has a longstanding relationship with Siemens, providing a steady stream of STEM talent. The area has a growing amenity base including shopping, hotels, restaurants, retail and has excellent access to downtown, the Orlando International Airport, and Orange County Convention Center.
“We are excited for the opportunity to purchase another Class-A office building in Florida,” said Adam Abeln, VP of Acquisitions. “The property’s ideal location next to a wellspring of new talent from UCF will continue to keep Siemens Energy well-positioned as an energy leader.”
This is the fourth recent acquisition of an office building in Florida for RCS. RCS purchased 6800 Southpoint Parkway Center, a single-story suburban office located in Jacksonville in mid-January 2019 as well as Wickham Commons, a six-building office park located in Melbourne in late-January 2019. RCS also purchased Rialto Place, a 10-story office building located at 100 Rialto Place in Melbourne, Florida in August 2018.
About Real Capital Solutions
Real Capital Solutions is a highly entrepreneurial real estate company that invests smart capital and provides practical solutions for real estate opportunities. For over 30 years, RCS has achieved great success investing in entrepreneurial real estate ventures. During that time, the company has purchased and managed more than 365 real estate investments totaling approximately $3.5 billion. Real Capital Solutions’ investment performance is a result of a solutions-oriented approach to property acquisition, development, management and divestiture. RCS will continue to produce exceptional returns for its investors by working with operating partners that share the same entrepreneurial drive and operational precision in order to achieve extraordinary performance. Learn more at https://realcapitalsolutions.com.
Our Mission at Real Capital Solutions includes a strong focus on giving back. Marcel Arsenault, CEO and Founder, and his wife, Cynda Collins Arsenault, have endowed three foundations during the past decade, including the One Earth Future Foundation in Broomfield, Colorado. One Earth Future seeks to develop and operate multi-level, multi-stakeholder engagement to bring empirical solutions to global problems. Learn more at https://oneearthfuture.org/.