Previous Experience
Properties acquired by Mr. Jefferson prior to forming Menyon Capital
VHA Place – Las Colinas, Texas
256,000 square feet of prime office space.
Investment Rationale
- Purchased at approximately 20% of replacement cost
- 82% occupied at purchase
- Weighted average existing lease term of 46 months
- Highly desirable Las Colinas address
- Superior location with immediate access to the Dart Rail Line (2011 Completion)
- Quality Core Tenancy
- Close proximity to the DFW Airport
VHA Place – Las Colinas, Texas
A Class A office complex totaling 355,269 square feet.
Investment Rationale
- Purchase price was approximately 50% below replacement cost.
- 67% occupied at purchase with significant upside potential from lease up of vacancy and below market in-place rents in a submarket where rents have increased 15% over the past year.
- Strong historical occupancy, which has perennially outperformed the submarket, coupled with strong tenant retention (37% of the leased space has been occupied by tenants for at least 10 years).
One Financial Plaza – St. Louis, Missouri
A Class A Office Tower totaling 433,453 square feet.
Investment Rationale
- Purchase price was approximately 50% of replacement cost
- 84% occupied at purchase to high quality tenants in a strengthening market
- One Financial Plaza is considered a top tier property that offers an impressive amenity package that includes a fitness center, meeting and conference facilities, sundry shop, ample convenient parking, on-site property management and 24-hour security
Park Central 7, 8 & 9 – Dallas, Texas
Three Class A Office Towers totalling 845,419 square feet
1.4-acre development site.
Investment Rationale
- Purchase price was 36% of replacement cost.
- 88.1% occupancy at purchase in an improving market that attracts corporate caliber tenants.
- Significant upside potential through re-letting spaces at higher market terms and rents.
- Strong demographic location that is within minutes of key executive residential communities.
Two Forest Plaza – Dallas, Texas
Institutional quality 11-story office building totalling 196,040 square feet Located in the highly sought after Park Central Office Park in Dallas.
Investment Rationale
- Purchase price was 40% below replacement cost.
- 61% occupied at purchase in an improving market.
- Institutional quality building in desirable investment submarket.
- Strong demographic location that is within minutes of key executive residential communities.