Foxgate Capital, through its first fund, SL Riverway, LP (as C0-GP with Stonelake Capital Partners), sourced and purchased three separate tracts of land (collectively for @ $40/sq.ft. to the land [with improvements]) comprising of infill warehouse, office and raw land.
Foxgate provided value-add strategy for the 9,000 sq.ft office, leased to Dialyspa on a 11-Year NNN capped down and sold off, leaving the remaining 1 Acre with 20,000 sq.ft. slated for retail redevelopment. Foxgate was taken out before redevelopment of the warehouse through off market sale (@ $80/sq.ft. to the land).
