Rockford Capital Acquires Wyomissing, Pa Office Portfolio

WILMINGTON, Del. - March 26, 2013 - PRLog -- ROCKFORD CAPITAL ACQUIRES WYOMISSING OFFICE PORTFOLIO

Rockford Capital Partners, based in Wilmington, DE, is pleased to announce the acquisition of 1105 Berkshire Blvd and 1150 Berkshire Blvd in Wyomissing, PA for $7.7 million, on behalf of its Rockford Real Estate Fund I.  The class A suburban office buildings were acquired from Berkshire Office Partners, LP.  Steve Marzullo and Justin Marlowe, of CBRE's Philadelphia Private Capital Group, represented the seller and brokered the transaction.

The two building portfolio is anchored by Travelers Insurance, which occupies more than 80% of 1105 Berkshire.  The properties, totaling more than 96,000 square feet, provide a stable existing tenant base coupled with value-add opportunity through targeted capital improvements and lease-up of vacant space.

Rockford Capital has been actively growing through various acquisitions in the mid-Atlantic over the past two years.  This transaction marks the final investment for Rockford's current value-added fund.  Rockford Capital is a private real estate firm focused on acquiring and managing value-oriented and opportunistic real estate investments in the mid-Atlantic region.

Please contact Doug Motley at 302-220-4786 or dmotley@rockfordcp.com with questions or acquisition opportunities.