Local real estate funds strike a deal at West Broad Village

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Local real estate funds strike a deal at West Broad Village

By Michael Schwartz

May 5, 2015

When it came time to think about selling off a chunk of its holdings in West Broad Village, local private equity firm Markel | Eagle Partners didn’t look far to find a buyer.

The company struck a deal last week to sell the 24,000-square-foot Golfsmith retail property, at 2000 Old Brick Road, to Capital Square Realty Advisors, a real estate investment firm based in Innsbrook.

The deal, which closed Friday with a price tag of approximately $5.8 million, gives Capital Square its second property in its hometown. The company since 2012 has spent $280 million to acquire a diverse portfolio of properties nationwide that includes a mix of apartments, medical offices, office buildings, a pharmacy and a gym.
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