Trinity Capital Advisors Purchases Additional Building in Charlotte’s Shopton Ridge Industrial Park
March 25, 2013
Charlotte, NC – March 25, 2013 – Trinity Capital Advisors is pleased to announce their purchase of an additional building in Shopton Ridge Industrial Park. The commercial real estate firm now owns three buildings in the eight-building park.
Located in Southwest Charlotte at 4015 Shopton Road (18-C), the Class A office / warehouse building is 108,800 SF and 100% occupied by Rent-A-Center and The Maintenance Team. The purchase was made through a joint venture with Pacific Coast Capital Partners. At the beginning of 2013, the same joint venture purchased 18-A and 18-D. Trinity Capital’s Shopton Ridge portfolio now totals 320,000 SF.
“We are pleased have acquired another building within this park,” said Sean McKinley, Trinity Capital CFO. “Shopton Ridge Industrial Park has the right mix of Class A product type and submarket quality, and we’re looking forward to additional acquisitions of this product type in the near future.”
Charlotte’s Southwest submarket has long been considered one of the area’s best industrial submarkets, with its exceptional location and accessibility to I-485 and Highway 160. McKinley notes that Trinity Capital’s Shopton portfolio is in a unique position to offer institutional-quality office/warehouse space to tenants, ready for upfit as a result of the new ownership and recapitalization.
“The vacancies in our Shopton portfolio are flexible enough to meet the needs of a range of business types and sizes,” McKinley said. “We’re looking forward to the opportunity to work with area tenants and brokers as we continue to lease Shopton Ridge.”