Brian Rosen

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HALLANDALE BEACH, FL–Locally based Accesso Partners has secureda $750 million recap for an eight-office tower portfolio byPartners Group of Baar-Zug, Switzerland. The portfolio covers 3.4million square feet in major US cities, which Accesso has declinedto name.

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Partners Group is now the majority owner of the portfolio withAccesso continuing to provide asset management and propertymanagement services.

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The properties offer further lease-up and value addopportunities, according to Fabian Nuenschwander, managing directorand Co-Head, Private Real Estate Americas at Partners Group. Hesaid they are located in submarkets with good access to housing,education and multiple modes of transport. Also, “the portfolio iswell positioned with employers that view the workplace an essentialtool to attract and retain talent,” Nuenschwander adds.

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Brian Rosen, Accesso's chief investment officer, says thetransaction enables several of its investors to still participatein the future growth of the portfolio's eight properties.

“Many, Many” More Deals

Rosen tells GlobeSt.com that Accesso plans to do “many, many”more deals with the Partners Group. “We will look for deals in ourtarget markets that meet our joint criteria—assets in need ofrepositioning—where we can make major improvements in the buildingsor the operations,” he says.

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Rosen also notes that Accesso and Partners “look for urbanlocations or dense suburban locations,” adding that Accessorecently moved into its own five-story headquarters that itdesigned and developed. We are “aggressively looking at [acquiring]office towers in Miami and South Florida for the first time inseveral years,” he says. . West Point Advisors of New York andEaton Partners of Norwalk, Conn. advised Accesso Partners on thejoint venture.

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