Massie Flippin to Join Trinity Capital Advisors as Partner Overseeing Industrial Portfolio
February 19, 2020
Trinity Capital Advisors, a commercial real estate acquisition and development firm with offices in Charlotte and Raleigh, North Carolina, has named Massie Flippin as a new partner in the firm. Flippin will join Trinity Capital on Monday, March 2 and will oversee Trinity Capital’s industrial acquisition and development platform.
Flippin brings over 20 years of experience in development and management of large industrial portfolios and is responsible for directly sourcing acquisition and development opportunities totaling $800 million.
“We’ve known and admired Massie’s [Flippin] expertise and experience for quite some time,” said Walker Collier, partner at Trinity Capital. “He is well respected within the industry and highly regarded for his sincere, engaging leadership style, strategic, entrepreneurial approach, and successful track record. We’re very fortunate to have him join the Trinity Capital team to lead and expand our industrial platform. His intimate market knowledge, transactional experience, and relationships will be a tremendous asset, and we’re honored to partner with him.”
Flippin joins Trinity Capital after 20 years with Liberty Property Trust, where he most recently served as the senior vice president and regional director of the East Region, overseeing the management, leasing and development of a 30 million SF portfolio between New Jersey and Georgia. He also served as director of Liberty’s Industrial Practice Group and National Accounts Program, responsible for leveraging important customer relationships in high-growth markets throughout the country. Liberty Property Trust was recently acquired by Prologis, Inc.
“I am very excited about joining Trinity Capital’s dynamic and seasoned team. Their successful track record and deep-rooted relationships provide an excellent foundation to further expand their industrial platform,” noted Flippin.
Flippin comes to Trinity Capital during the firm’s most active development phase. Trinity Capital’s development portfolio includes notable projects across the southeast and core North Carolina markets (Raleigh and Charlotte). The recent acquisition of Raleigh’s Eastgate 540 industrial park has led to significant development activity, with two buildings currently under construction and an additional three more planned, totaling just under one million SF within the park. Park Point in Durham’s Research Triangle Park is a 652,000 SF, $150 million creative office and life sciences redevelopment, and is one of the country’s largest adaptive-reuse projects currently in development. Charlotte’s Shopton Ridge industrial development totaled 250,000 SF across five single-tenant buildings. The Roxboro at Venable Center is a 200,000 SF Class-A office development in downtown Durham, and construction just completed on Toringdon 7, a 200,000 SF Class-A office building in Charlotte’s Ballantyne submarket. Additionally, Trinity Capital’s involvement and ownership in Raleigh’s Perimeter Park has led to over 658,000 SF of Class-A office development.
“We’ve been very active office investors and are proud of how we’ve grown our office acquisition and development platform,” said Jeff Sheehan, partner at Trinity Capital. “After several successful industrial development projects in Charlotte and the acquisition of Eastgate 540 in Raleigh, we saw the opportunity to focus on and grow our industrial platform and portfolio in key markets across the Southeast. Having Massie [Flippin] as a part of our team positions us for continued success.”
“Industrial real estate is rapidly evolving as companies reinvent their supply chains to keep up with customer expectations,” Flippin added. “This is creating opportunities to both develop new industrial assets and reposition existing assets to meet customer demands. Demand continues to be strong across the industrial sector and we look forward to providing high-quality industrial real estate solutions in growing markets throughout the southeast.”
Since its founding in 2001, Trinity Capital has acquired and developed over 21 million SF of successful workplace real estate in the Southeast, totaling over $3.1 billion worth of investments. The firm is led by partners Collier, Sheehan, and Gary Chesson. Notable portfolio investments include: downtown Charlotte’s Ally Center, NASCAR Plaza, and 400 South Tryon, South Charlotte’s Toringdon Office Park, and Duke Realty’s 63-building, 6.9 million SF suburban office portfolio in Raleigh, Nashville, South Florida, and St. Louis.
Flippin is a licensed real estate broker in North Carolina and has earned the prestigious CCIM (Certified Commercial Investment Member) designation, and is a member of several professional organizations, including IAMC (Industrial Asset Management Council), CSCMP (Council of Supply Chain Management Professionals), and NAIOP (National Association of Industrial and Office Properties). He is a graduate of Wake Forest University.