Trinity Capital Advisors Announces Acquisition of 1001 Bond Street in Charlotte, North Carolina
January 23, 2017
Trinity Capital is pleased to announce their newest acquisition: 1001 Bond Street in Charlotte, North Carolina.
1001 Bond Street comprises two industrial buildings totaling 404,351 SF in the Northwest submarket of Charlotte. Both buildings are 100% occupied by Camber Ridge, a tire characterization research and development company that represents the first major advancement in tire characterization in over 50 years.
“Bond Street’s irreplaceable location, excellent condition, and stable occupancy make it an ideal addition to our growing industrial portfolio,” noted Jeff Sheehan, Partner at Trinity Capital Advisors. “The last-mile location and proximity to interstates and the center of the city is exactly what we look for, and we’ll continue to invest in similar industrial assets throughout the region.”
The buildings are ideally located just off of I-85, featuring direct access via NC Highway 16 to I-485, I-77, and Charlotte-Douglas International Airport.
Trinity Capital purchased the asset in a joint-venture with SilverCap Partners, Trinity Capital’s second joint-venture partnership with the firm. Trinity Capital and SilverCap Partners also acquired Research Tri-Center North III and IV in Durham in July of 2016.
“We’re honored to again partner with SilverCap as we continue to grow our industrial platform,” added Sheehan.
Trinity Capital currently owns close to one million SF of industrial product across the Carolinas, and is currently developing five single-tenant industrial buildings in southwest Charlotte’s Shopton Ridge Business Park.
“The industrial market across the Carolinas is fundamentally strong. We’ll continue to search for unique, foundationally-strong assets in last-mile locations.”
ABOUT TRINITY CAPITAL
Trinity Capital Advisors focuses on the acquisition and development of institutional quality commercial real estate in the southeastern United States. The firm has invested over $1.8 billion acquiring and developing over 13 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee, and Florida, including CBD office towers, industrial portfolios, suburban office parks, and mixed use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors.
ABOUT SILVERCAP PARTNERS
SilverCap Partners is a real estate private equity firm focused on the Southeastern United States. The firm’s expertise crosses multiple property sectors with a predominant focus on office, retail, and residential investments. SilverCap places a priority on opportunities where a combination of capital and operator expertise can serve as a positive catalyst for future value.
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