March 2024

Rycore Capital Acquires Eight-Building Industrial Park – Clearwater, FL

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(CLEARWATER, FL) – Rycore Capital, in partnership with Investcorp International Realty Inc., a global manager of alternative investments with approximately $50 billion AUM, acquired a ~284,000 square foot Class B multi-tenant light industrial park in Clearwater, Florida. The acquisition is the first for the partnership. Rycore and its affiliates will provide operational, asset, property, and construction management services to the partnership. Mike Navarro of Kane, Russell, Coleman, Logan PC represented the buyer as acquisition legal counsel.

Waterside Business Center consists of eight buildings that were developed between 1984 – 1990 and provide 39 units for lease. The Business Center features a mix of grade level and dock high loading with clear heights that vary from 14’’-22’.The Property is ideally located along a major arterial road and less than 2 miles from the St. Peterburg/Clearwater International Airport.

We are pleased to have executed this acquisition with Investcorp, offering access to an industrial park that has upside through a strong mark-to-market opportunity,  vacancy lease-up, professional management, and an effective capital improvement program. This new Venture with Investcorp will allow Rycore to expand its industrial portfolio in Florida and Sunbelt markets”, said Drew Zahora, Sr. Director of Acquisitions and Asset Management at Rycore.”

About Rycore Capital LP

Rycore Capital LP (the “Firm”) is a Houston-based real estate investment manager with approximately $413 million AUM, focused on acquiring, leasing, and managing income-producing properties that deliver superior real estate solutions to our tenants while providing our investment partners with some of the most consistent value-add, core-plus, and core returns.  The Firm offers two investment platforms to investors: Fund Management and Direct Investment Advisory. The Firm aims to provide a solution with its institutional quality real estate investment management process to high net worth, family office, and institutional investors. For more information regarding Rycore, visit the Company’s website at

About Investcorp

Investcorp is a leading global manager of alternative investments with six lines of businesses, including private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. In 1982, Investcorp began as a pioneer in private equity, acting as a bridge between the Gulf and the rest of the world with a strong service ethos that demanded deal-by-deal investments. As of June 30, 2022, Investcorp’s US $50bn of assets under management are diversified across three continents, six asset classes, and numerous product lines. Accessed through Investcorp’s highly personal and responsive service and global distribution platform, it offers an increasingly diverse portfolio of investment opportunities for discerning investors everywhere. For more information regarding Investcorp, visit the Company’s website at  

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