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KENNESAW, GA. — TerraCap Management LLC has purchased Bailey Park, a five-building, 198,475-square-foot industrial/flex park located in Kennesaw, a northern suburb of Atlanta. The private equity fund manager purchased the asset for $18.3 million, marking the first time the company has acquired a property outside of Florida. The park features 12-, 14- and 18-foot clear heights; grade-level and dock-high loading; surface parking and well-maintained landscaping. TerraCap has retained Lincoln Property Co. to provide leasing and management services to the park, which is currently 80 percent leased. Tom Shafer of CBRE represented the seller, J.W. Richardson Enterprises Inc., in the transaction.