Trinity Capital Acquires Final Two Buildings in Toringdon Office Park
August 13, 2014
Charlotte, N.C. – August 13, 2014 – Following its recent acquisition of Toringdon 3 and 5 through a joint venture with Stockbridge Capital, Trinity Capital Advisors now owns all six buildings in South Charlotte’s Toringdon Office Park. The partnership also owns 12 acres of land and the parking deck.
The most recent two-building acquisition continued a strategic plan that began in June 2012 with Trinity Capital’s purchase of its first two buildings (Toringdon 4 and 6) in the mixed-use master planned development, conveniently positioned at the gateway to Ballantyne with unimpeded, immediate access from I-485. Since then, Trinity Capital purchased Toringdon 1, 2, and the Park’s three-level parking garage. Sixteen tenants ranging from Nationwide to Ally Bank to Verizon Wireless have leased more than 159,000 square feet of space in Toringdon, making it a hot spot for business relocations in South Charlotte. The six-building portfolio totals 517,392 SF.
“Ownership of Toringdon 3 and 5 completes our long-term plan to recapitalize the entire office park,” said Trinity Capital Partner Walker Collier. “Now we’ll continue our improvements to the park as we shift focus to development, taking advantage of the new Johnston Road flyover and soon-to-open Community House Road Extension. Both will dramatically increase Toringdon’s accessibility, traffic flow, and visibility.”
Built-to-suit, 100 Toringdon Way, designed by Gensler as a 175,000 SF Class A office building, is currently being marketed and will be built on available land. Additional outparcels are zoned for hotel/multifamily. The Park underwent interior branding campaign with new signage in 2013.
Trinity Partners is responsible for the leasing and management of Toringdon.