Next Tier Connect buys Virginia six-building campus

Next Tier Connect, an investment partnership between Next Tier HD and RedBird Capital Partners, has acquired Stafford Commerce Park and Center in Stafford, Virginia. The campus encompasses six buildings and 268,000 square feet. No financial terms were disclosed.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Next Tier Connect, an investment partnership between Next Tier HD and RedBird Capital Partners, has acquired a six-building, 268,000 square foot mission critical mixed-use campus in the Stafford – Fredericksburg, VA market.

This campus is the second acquisition for the partnership, which was formed to acquire, optimize and manage a diversified national portfolio of select mission critical oriented properties.

The Stafford campus has been re-branded as “Next Tier Connect – Quantico”, and will continue to focus on tenants who support the activities within Marine Base Quantico, and its satellite locations.

“We are excited about this expansion into the Stafford market, particularly when it allows us to have a broad campus that offers very flexible space options for tenants needing immediate access to smaller, built out solutions, or those seeking the presence of a full building user. This property will continue to grow and support all aspects of the Defense Support Services and Cyber Security and Law Enforcement initiatives that are undertaken at Marine Base Quantico,” said David Spiewak, Next Tier’s Managing Principal. “

Next Tier Connect – Quantico Acquisition Highlights:
268,000 square feet across six (6) buildings on 18 +/- acres
4 two story building each approximately 38,000 SF
2 three story buildings, each approximately 60,000 SF
150,000 SF +/- of space available across the campus
A single, standalone, 38,000 SF building available for lease
Experienced, on-site management team supported by an agile, national platform that has been seasoned by decades of hands-on ownership

About Next Tier HD
Based in New York, NY with offices in the Washington DC area as well as West Palm Beach, FL, Next Tier HD is among a small group of premier investment, management and services firms that focus on Mission Critical Real Estate, Data Centers and mixed-use office campuses. The Company was formed in 2012 and is led by James Coakley, Kevin Reardon and David Spiewak. Next Tier brings a unique mix of experience and expertise to focus on creating outsized value in all aspects of its opportunistic business strategy.

About RedBird Capital Partners
RedBird Capital Partners is a principal investment firm which provides flexible, long-term capital to help entrepreneurs grow their businesses. Based in New York and Dallas, RedBird seeks investment opportunities in growth-oriented private companies in which its capital, investor network and strategic relationships enable business owners to achieve their corporate objectives. Founded by former Goldman Sachs Partner Gerald Cardinale in 2014, RedBird has invested and/or led $2.5 billion of equity to support its entrepreneur-led platforms, connecting patient capital with business founders to help them outperform operationally, financially and strategically. For more information, please go to www.redbirdcap.com.