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FSC Announces First Exit From Front Street Properties Fund II

Posted on September 30th, 2020

Winston-Salem, NC – Front Street Capital is pleased to announce the successful completion of its first exit from Front Street Properties Fund II, LP, with the sale of “The Catalyst” located at 3617 Parkway Lane in Peachtree Corners, GA.

Located in northern Atlanta, The Catalyst is a two-story, 75,000 SF building, occupied 100% by Siemens Real Estate, a wholly owned subsidiary of Siemens Corporation, a global innovator in the areas of electrification, automation and digitalization. The facility houses a Siemens division headquarters that includes 25,000 SF of state-of-the-art lab space with 3D printing and product development capabilities. Siemens, in conjunction with Front Street, recently completed a full renovation and reconfiguration of the facility to tailor the layout of The Catalyst to the needs of the Siemens division that domiciles in the building. 

Front Street Capital acquired the facility as part of a three-asset portfolio purchase, completed in June of this year.

Commenting on the transaction, Matt McInnis, Partner at Front Street Capital, said:

"We are thrilled with our execution of the sale of The Catalyst at Peachtree Corners. We believe the success of this investment validates our strategy of buying high quality assets and portfolios in desirable locations. Overall, we believe that this transaction represents a great strategic move for the acquirer and an outstanding outcome for our investor base.”

Front Street Capital is a real estate private equity group focused on Class-A commercial real estate investment opportunities. Front Street Capital’s second fund closed at $40 million in capital commitments in June 2020 and is currently deploying capital across several target markets in the Southeast United States.

Front Street Capital did not use a sellers’ representative while the buyers were represented by Linville Team Partners.

If you would like more information about this topic or need to schedule an interview with Coleman Team please call 336-243-2600.

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Media Contact:

Coleman Team, Partner, Front Street Capital, Coleman@frontstreetcapitalnc.com, +1.336.250.2977

About Front Street Capital 

Front Street Capital (www.frontstreetcapitalnc.com) is a full-service development, asset management and private equity real estate company built by industry leading professionals with a drive to produce consistent, income-driven results. Over our history, Front Street Capital has developed or acquired nearly $500 million in income-producing assets across the office, industrial, healthcare, and mixed-use asset classes.