Trinity Capital Purchases Two Office Buildings and 12 Acres of Land in South Charlotte’s Toringdon

July 10, 2012

Trinity Capital Advisors is pleased to announce the acquisition of two office buildings and 12 acres of land in South Charlotte’s Toringdon through a joint venture between Trinity Capital, Stockbridge Capital Group, and Madison International Realty. Located in the Ballantyne area of the Highway 51 Charlotte office submarket, the two Class A buildings, Toringdon 6 and 8, are a part of the six-building Toringdon Office Park. The 12 acres of land included in the purchase are zoned to build additional office, multifamily, hotel, and residential projects.

Toringdon 6

Toringdon 6

This acquisition is consistent with our strategy of purchasing top-quality, value add assets in financial distress located in our target submarkets,” remarked Trinity Capital’s Walker Collier. “We’ve been tracking Toringdon for over two years, and we’re grateful to be a part of the recapitalization and repositioning of such high quality assets in such a thriving submarket.”

The transaction represents Stockbridge’s first property acquisition in Charlotte. last year, the San Francisco-based real estate investment firm opened a new office in Atlanta to significantly expand its holdings in the Southeast.

“Charlotte is experiencing some of the strongest job growth in the country and this location in particular has been Charlotte’s fastest growing office submarket over the last 15 years,” said David Nix, Vice President and head of Southeast acquisitions for Stockbridge. “We believe this property is positioned to capture a large percentage of the office demand in the MSA.”

Toringdon 8

Toringdon 8

Currently 84% leased, Toringdon 6 is a 95,806 SF Class A building located at 3530 Toringdon Way. Tenants include Pepsi Cola, Crown Castle, John Hancock, and Blue Cross Blue Shield. The 102,755 SF Toringdon 8 is 80% leased and is located at 3426 Toringdon Way with Alltel/Verizon, Hogg Robinson USA, and Selective Insurance among its tenants. Toringdon Office Park is a mixed-use master planned development and one of South Charlotte’s premier office destinations. The Hwy 51 submarket is one of Charlotte’s most dynamic suburban office destinations as the Ballantyne office area continues to grow and expand.

“We’ve targeted this submarket for quite some time,” noted David Allen, Partner at Trinity Capital. “Our patience paid off, and I’m proud of our team’s persistence and efficiency in crafting this complicated transaction. The Bissell team has created one of the strongest office submarkets I’ve seen in years; it’s a remarkable standout across the country. We’re looking forward to being a part of the area’s continued growth and popularity.”

ABOUT TRINITY CAPITAL ADVISORS

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 out of Trinity Capital Value Fund III. For more information, visit trinitycapitaladvisors.com.

ABOUT STOCKBRIDGE

Stockbridge Capital Group is a real estate investment management firm, which, together with its affiliates, has approximately $5.0 billion of assets under management as of March 31, 2012. The firm’s investment portfolio comprises more than 30 million square feet of existing office, industrial, retail, residential and hospitality properties throughout the United States. Stockbridge also specializes in largescale development and redevelopment projects. Stockbridge is headquartered in San Francisco with offices in Chicago, New York, and Atlanta. For more information, please visit stockbridgerealestate.com.

ABOUT MADISON INTERNATIONAL REALTY

Madison International Realty provides equity financing for recapitalizations and partnership replacements in stabilized commercial properties and portfolios. Madison International also acquires real estate joint venture, limited partnership, and co-investment interests from owners and investors seeking early liquidity in secondary market transactions. Madison International acquires these interests as a principal in privately negotiated transactions on behalf of its managed private equity funds. Madison International targets commercial properties located in the U.S., U.K. and Western Europe with deal sizes ranging from $5 million up to $75+ million of equity per transaction. For more information, visit madisonint.com.

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