Rockford Capital Partners, based in Wilmington, Delaware, is pleased to announce the acquisition of Four Resource Square located in the University submarket of Charlotte, North Carolina.  Rockford Capital partnered with Blue Vista Capital Management to acquire the class A suburban office building for an undisclosed price.  Rob Cochran and Jared Londry, of Cushman & Wakefield’s Charlotte office, represented the seller and brokered the transaction.

Four Resource Square is anchored by medical technology provider Allscripts and is home to multiple national and regional companies.  Totaling more than 153,000 square feet, the investment provides a stable existing tenant base coupled with value-add opportunity through the lease-up of vacant space.  Rockford and Blue Vista are planning a capital improvement program to upgrade the building and available suites.  Joe Franco and Katherine Richey, of CBRE Charlotte, have been engaged to lease the building.

“We are very excited about this acquisition and our partnership with Blue Vista.  Charlotte is a very dynamic market and Four Resource Square offered a tremendous investment opportunity in the vibrant University submarket,” said Doug Motley, Principal of Rockford Capital.  “We believe our planned enhancements coupled with our team’s focus on providing an unmatched tenant experience will be well received by the market.”

Rockford Capital is a private real estate firm focused on acquiring and managing value-oriented and opportunistic real estate investments in the southeast and mid-Atlantic U.S.  The firm manages a series of private equity funds and joint venture investments.  This transaction marks the firm’s first investment in the Charlotte market and further expands its recent suburban office acquisition activities.