February 19 2016
Allegiancy selected as asset manager for Atlanta Class A office building
Richmond, Va., Feb. 18, 2016 — Allegiancy has been awarded the asset management contract for Brandywine, a fully leased Class A office building in the Fayetteville submarket of Atlanta, Ga. The Brandywine building is home to the William Carter Co., the makers of the popular Carter’s baby and kids clothing lines.
Allegiancy, based in Richmond, Va., is a commercial real estate asset management firm that prides itself on its active approach to asset management.
This Class A office building was built in 2007 and encompasses over 30,000 square feet. The William Carter Co. has a lease on the two-story building, where the company houses its technology operations, through September 2020.
“We’re very pleased to be the asset management firm on this property,” said Allegiancy CEO Steve Sadler. “We think the Brandywine building has a bright future and expect it to remain a high-quality building and a solid-performing asset for its owners and investors.”
The Brandywine office building is located 15 miles from the Hartsfield-Jackson Atlanta International Airport. Fayetteville is designated as a Foreign Trade Zone which brings large international companies like Panasonic, food service equipment manufacturer Hoshizaki America and TDK Electronics to the area.
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.
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.
PLEASE NOTE: 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