Marcus Partners announces $250m final close
Marcus Partners has announced the final closing of its second real estate investment fund, Marcus Capital Partners Fund II, with $250 million in capital commitments.
Consistent with its investment strategy for its Fund I, Marcus Partners will invest Fund II into a portfolio of office, medical office, biomedical and light industrial properties primarily in major suburban East Coast markets where the firm has extensive experience.
The fund’s first investment was 8 and 10 Wright St., an office complex in Westport, Conn. Plans include a $4 million comprehensive renovation to transform the property into best-in-class office space. Together, the buildings contain approximately 84,000 square feet of office space with sweeping views over the Saugatuck River and historic Westport Center.
Marcus Capital Partners Fund I closed in 2009 with $210 million.
Marcus Partners is a value-oriented real estate investor, operator and redeveloper based