Accesso Partners has started fundraising for its latest vehicle, sources said. It raised $105 million for the previous fund.
The firm, which is based in Hallandale Beach, Florida, has not yet set a target or cap for Accesso Investment Properties VI. The firm plans to use the opportunistic fund’s capital for investments in office buildings in US markets with strong employment growth.
Accesso, which was renamed from Beacon Investment Properties last year, buys Class A and Class B properties for repositioning.
On Monday, the firm announced that it has inked its biggest deal yet, acquiring a 913,000 square foot office complex in Austin at an undisclosed price. The four-building property, 7700 Parmer Lane, is 94 percent leased, with major tenants including Google, Oracle and PayPal. Eastdil Secured was the broker for the acquisition. Amenities include an auditorium, multiple sports fields and a daycare facility.
This was Accesso’s second acquisition in the Austin area after the firm purchased Riata Corporate Park, an eight-building, 688,432 square foot campus in June. Accesso bought both Austin complexes from Spear Street Capital.