Viking Partners acquires Pennsylvania and North Carolina office properties


Viking Partners has acquired Bucks Town Corporate Center in Langhorne, Pennsylvania and Forest Park 1 in Charlotte, North Carolina. No financial terms were disclosed. Bucks Town is a five-building office/flex complex while Forest Park 1 is a two-building property.

PRESS RELEASE

CINCINNATI–(BUSINESS WIRE)–Viking Partners Fund III, LLC (“Fund III”), a private equity real estate investment firm focused on the acquisition, turnaround and disposition of value-add real estate and real estate related assets, announced the acquisition of Bucks Town Corporate Center in Langhorne, Pennsylvania and Forest Park 1 in Charlotte, North Carolina.

Bucks Town Corporate Center is a 142,000 SF, five building office/flex complex located at Middletown Blvd. and Town Center Drive in Langhorne. Bucks Town sits adjacent to Oxford Valley Mall and is convenient to both I-95 and State Route 1.

Forest Park 1 is a two-building asset totaling 52,175 SF located on Forest Park Circle in southwest Charlotte and sits in close proximity to I-77, I-485 and Charlotte Douglas International Airport.

“Both Bucks Town and Forest Park fit well within Viking’s business model of uncovering value-add assets in key strategic markets and implementing well thought redevelopment plans,” said Bret Caller, Principal with Viking Partners. “We feel there is tremendous upside opportunity with each of these assets.”

Leasing for Bucks Town Corporate Center is being handled by Matthew Shanahan with Colliers International in Philadelphia. Forest Park 1 is being leased by Kris Westmoreland and Grant Keyes with Cushman & Wakefield in Charlotte.

For information on the entire Viking portfolio, visit www.vikingpartnersllc.com. To connect with Viking Partners via LinkedIn, visit www.linkedin.com/company/viking-partners-llc.

ABOUT VIKING PARTNERS, LLC
Since 1991, the principals of Viking Partners have invested in more than 100 commercial real estate projects totaling over four million square feet and valued at more than $500 million. Viking Partners is currently seeking acquisition opportunities in the Midwest, Mid-Atlantic, Southeast and Southwest with a transaction range of $2 million to $50 million.