Trinity Capital Advisors Purchases Two Buildings In Charlotte's Shopton Ridge Industrial Park
January 16, 2012 –
Trinity Capital Advisors is pleased to announce their purchase of two Class A office/warehouse buildings in Southwest Charlotte’s Shopton Ridge Industrial Park: 3845 Shopton Road (18-A) and 3810 Shutterfly Road (18-D). The buildings were purchased through a joint venture with PCCP (Pacific Coast Capital Partners).
The two buildings total 211,200 square feet and are located in Charlotte’s Southwest submarket, an exceptional location and accessibility at the intersection of I-485 and Highway 160. Major tenants include Linde Gas, Apria Healthcare, and Cardinal Health. The new ownership has hired Trinity Partners to handle leasing and management responsibilities for 18-A and 18-D. Senior Broker Bill Wood says the high-quality assets are well-positioned within one of Charlotte’s most attractive industrial submarkets.
“Because of the lack of new construction in this product type over the past several years, the existing vacancies in these buildings offer tenants a unique opportunity to lease shell condition, single-story office/warehouse space and design new, custom office and warehouse improvements per their specific requirements,” Wood noted. “We can accommodate tenants ranging in size from 6,400 to 96,000 square feet. The new ownership group is well capitalized, and we’re looking forward to bringing new momentum and energy to these Class A buildings.”
Trinity Capital Advisors CFO Sean McKinley is confident that the buildings’ institutional quality and prime location will prove attractive to tenants as the market continues to shift.
“We are excited about the opportunity to acquire these Class-A properties in an improving market, and look forward to working with the brokerage community to lease-up the current vacancy,” McKinley said.
Trinity Capital Advisors is a real estate investment firm that acquires and develops office, industrial, and mixed-use real estate in the Southeastern United States markets of North Carolina, South Carolina, Virginia, Georgia, and Tennessee. Trinity Capital invests directly from its series of real estate investment funds, and also partners with institutional investors to build or improve the workplace real estate in which it invests. Trinity Capital’s investment platform has two primary competitive advantages: through its sister company, Trinity Partners, the firm is connected to the marketplace, making the majority of its investments off-market, and Trinity Capital’s operating platform puts the firm closer to each investment, allowing it to produce outstanding returns for investor partners. Trinity Capital is currently investing from Trinity Capital Value Fund III.