Trinity Capital Advisors Leases 110,000 SF at 215 International Drive
June 2, 2016
Trinity Capital Advisors’ 215 International Drive has its first tenant. Ozburn-Hessey Logistics (OHL), a full-service third party logistics firm, has signed a lease for 110,000 SF of space in the industrial building, located in Concord, North Carolina.
Jess Andrews with Proventure Commercial Real Estate represented the tenant. Trinity Partners’ Terry Brennan represented the landlord, a joint venture between Trinity Capital Advisors and a private fund advised by Crow Holdings Capital – Real Estate.
“We’re looking forward to welcoming OHL to 215 International,” noted Greg Schild, Director of Asset Management at Trinity Capital Advisors. “As we continue to market the building’s remaining 167,000 SF, we’re pleased the building appeals to high-quality firms like OHL and we’re proud of what it has to offer the market.”
The rear-load, modern tilt-wall building will serve as a product distribution center for OHL, who will occupy the building this fall. The 277,253 SF Class-A industrial building is located at the corner of Poplar Tent Road and International Drive, at the entrance to the International Business Park and minutes from I-85 exits 54 and 55, and Highway 73. It features 32’ clear height, 240’ depth with 45’ typical column spacing, ESFR sprinkler system, and on-site trailer storage, and offers flexibility for office and entry locations.
ABOUT TRINITY CAPITAL ADVISORS
Trinity Capital Advisors focuses on the acquisition and development of institutional quality office, industrial, and mixed use real estate in the Southeastern United States. The firm has acquired or developed over 13 million SF totaling over $1.8 billion since inception. Trinity Capital has acquired or developed some of the most successful workplace real estate projects in the Southeast, including Perimeter Park, Ally Center, NASCAR Plaza, Perimeter Woods Business Park, Toringdon Office Park, and Westlake Business Park. Investments are capitalized through Trinity Capital’s Value Fund series as well as through partnerships with some of the country’s top institutional investors. For more information about Trinity Capital, please visit our website at trinitycapitaladvisors.com.
ABOUT CROW HOLDINGS CAPITAL – REAL ESTATE
Crow Holdings Capital – Real Estate (“CHC–RE”) is a North America-focused asset manager of private equity real estate funds. Since 1998, Crow Holdings (the predecessor to CHC-RE) sponsored the first of eight private equity real estate funds, and CHC-RE is now the investment advisor to the remaining funds. Over the past 18 years, these funds have raised over $6.25 billion in equity commitments including approximately $800 million in equity commitments from Crow Family Holdings. Outside investors include endowments, foundations, public and private pension funds, financial institutions and high net worth individuals. The funds have actively acquired existing properties and development parcels of all types, both independently and with operating partners. As of December 31, 2015, these real estate funds have acquired or developed nearly $16.4 billion in assets comprised of approximately 68 million square feet of industrial, over 13.4 million square feet of retail, approximately 9.4 million square feet of office, approximately 36,800 multi-family units, 387 convenience & gas stores, over 8,600 hotel rooms and approximately 7,700 acres of lot development. For additional information, please visit www.crowholdingscapital-re.com.