Rainier Capital Management, L.P. Announces the Acquisition of the Special Data Processing Corporate Headquarters Building in Clearwater, FL

Rainier Capital Management, L.P. announces the acquisition of the Special Data Processing Corporate Headquarters building in Clearwater, FL on behalf of 29 Tenant-In-Common Investors.

(PRWEB) October 27, 2005 -- Tim Nichols, Executive Vice President of Rainier Capital Management, L.P., announces the acquisition of the Special Data Processing Corporate Headquarters in Clearwater, FL on behalf of 29 Tenant-In-Common Investors. David Mott of Northmarq Capital arranged financing for the transaction through Bank of America. An affiliate of the tenant was the Seller.

Special Data Processing, a nationwide leader in direct marketing solutions, fully occupies the 199,000 square foot building as a state-of-the-art call center. The building houses more than 1,400 employees including the senior executives of the company. The building will be self managed by the tenant under a triple-net lease.

Rainier Capital Management, L.P., a Dallas based real estate investment firm, specializes in the placement of mezzanine debt and preferred equity into retail, office, multi-family, industrial and hotel properties throughout the United States. In addition, Rainier is active in the development of Tenant-In-Common (TIC) real estate syndications to accommodate private investors' 1031 exchange transactions.

For more information, please visit www.rainiercapital.com.

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