February 03 2016
Allegiancy marks a decade in the North Carolina commercial real estate market and prepares for expansion
Richmond, Va., February 4, 2016 — Allegiancy is marking a decade in the North Carolina commercial real estate active asset management market, a presence marked by turnaround performances and profitable returns to investors and clients.
Allegiancy has been managing commercial real estate assets across North Carolina for a variety of clients and investors. Allegiancy’s assets under management comprise more than 1 million square feet of office and flex space in North Carolina, the bulk of it in the Greensboro market.
The product types offered by Allegiancy range from:
—Class A suburban office space in Greensboro with Signature Place and Caldwell, encompassing 362,000 square feet;
—Class A suburban office space in Raleigh with the Colonnade II, encompassing 127,000 square feet;
—Class B+ office space in Durham with the Westgate building, encompassing 61,000 square feet;
—Flex office and warehouse space in Greensboro with the Triad complex, encompassing 170,000 square feet;
—Office, flex and warehouse space in Winston-Salem encompassing 400,000 square feet;
—Class A office space in Greensboro with the RFMD building, encompassing 50,000 square feet.
“We really like working in North Carolina and in the Triad in particular,” said Allegiancy President Chris Sadler. “This has been a great market for us and a great market to work in. We are committed to North Carolina for the long haul.”
Sadler characterizes North Carolina as a “can-do” state. “This is a business-friendly state and we are able to produce good returns for our owners,” Sadler said. “We appreciate doing business with people that get things done. For that reason, we are bullish on North Carolina and our business relationships here.”
Allegiancy partners with Triad Commercial Partner Bobby Finch, and CBRE Senior Vice President Richard Mossman, for leasing services at its assets. Triad Commercial has Allegiancy space available at Triad and Signature Place, while CBRE is offering leases at Caldwell, Sadler said.
Allegiancy is an aggressive, forward leaning firm with an eye on rapid growth and expansion. The firm is preparing to launch a $30 million “IPO Lite” under new Reg A+ rules approved last year by the Securities and Exchange Commission.
With proceeds from the $30 million capital raise, Allegiancy anticipates investing in its proprietary technology platform, making new contract acquisitions and growing its operations organically, as well as adding new employees to support its triple-digit growth.
In 2014, Allegiancy used the SEC’s old Regulation A rules to raise $5 million that it used to spark its triple-digit growth. Featured in the Wall Street Journal (http://ow.ly/WV7V0), Allegiancy is an industry leader in innovation and using the power of technology, data capture and analytics to drive profitability in its nationwide portfolio of assets.
Allegiancy is changing the business of asset management for commercial real estate owners and investors with radical specialization. With a technology-enabled operating platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor and unparalleled discipline to a poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is leveraging the experience of its principals of more than four decades of success.
For more information about the company or to arrange an interview with President Chris Sadler or CEO Steve Sadler, contact Audrey Bevel at firstname.lastname@example.org, or 866.842.7545.
No money or other consideration is being solicited pursuant to this press release, and if any is sent in response, it will not be accepted. No offer to buy Allegiancy’s securities and no part of the purchase price for Allegiancy’s securities can be received until the offering statement Allegiancy has filed with the SEC is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any indication of interest in Allegiancy or its offering involved no obligation or commitment of any kind. A copy of Allegiancy’s offering statement containing its most current preliminary offering circular describing the offering that is the subject of this press release can be found at: www.allegiancyipo.com.
March 07 2017