Trinity Capital Advisors, in joint venture partnership with Mortenson Properties, has acquired a five-building, multi-tenant industrial portfolio totaling 792,627 square feet in Charlotte. The acquisition further advances Trinity Capital’s strategy of investing in highly functional industrial assets in high-growth Southeastern markets. The acquisition closely follows the firm’s recent Falls Lake Logistics Park development announcement, a 977,000-square-foot master-planned industrial development in the Raleigh-Durham MSA, also in partnership with Mortenson Properties.

The portfolio includes West Pointe Business Center, a three-building industrial park located along West Pointe Drive in Charlotte’s Airport submarket, and Lakemont Industrial Center Buildings C and D, located along Stateview Boulevard in Fort Mill. Across both locations, the portfolio benefits from proximity to I-485 and key regional transportation corridors, providing efficient access to population centers, labor, and logistics infrastructure throughout the Southeast. Tenants include a mix of regional, national, and international companies such as Ferguson Enterprises, Barrday Corporation, Graybar Electric Company, National Delivery Systems Inc., and Specialty Delivery & Logistics Inc. The buildings feature modern, functional specifications designed to support today’s industrial operations, including clear heights ranging from 24 to 32 feet, and abundant employee parking.

“This acquisition reinforces our conviction in Charlotte as one of the most durable and liquid industrial markets in the Southeast,” said Walker Collier, Managing Partner at Trinity Capital. “The I-485 Logistics Portfolio offers a combination of infill locations, modern construction, and strong tenant diversity that aligns well with current market demand and long-term fundamentals. When paired with our recent Falls Lake Logistics Park announcement, it highlights the scale and pace of our industrial activity across the Carolinas.”

The acquisition represents Mortenson Properties’ second investment in the Carolinas with Trinity Capital.  

“Charlotte and the broader Carolinas region continue to demonstrate strong industrial fundamentals supported by population growth, transportation connectivity, and tenant demand,” said Ryan Bartley, Head of Investments at Mortenson Properties. “This portfolio is well positioned within two high-performing submarkets, and we are pleased to expand our partnership with Trinity Capital as we increase our investment activity in the region.”

This recent acquisition and the launch of Falls Lake Logistics Park illustrate Trinity Capital’s focused industrial strategy centered on acquiring and developing high-quality assets in major growth markets throughout the Southeast.

“Our approach remains disciplined and highly focused on identifying opportunities where long-term fundamentals continue to outperform,” said Jordan Quinn, Industrial Partner at Trinity Capital. “Across the Southeast, we are seeing sustained demand driven by population growth, infrastructure investment, and evolving supply chain needs. As companies evaluate their network strategies, we are constantly monitoring how these decisions are made to ensure our approach remains fully informed.”

ABOUT TRINITY CAPITAL

Trinity Capital Advisors focuses on the acquisition and development of institutional-quality commercial real estate in the southeastern United States. The firm has invested more than $4.5 billion acquiring and developing more than 30 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee, and Florida, including CBD office towers, industrial portfolios, suburban office parks, and mixed-use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors. Learn more at trinitycapitaladvisors.com.

ABOUT MORTENSON PROPERTIES, INC.

Mortenson Properties, Inc. (MPI) is the real estate investment and ownership arm of the Mortenson family portfolio of companies, providing comprehensive real estate investment solutions to a broad range of customers. Through development and acquisition, MPI’s portfolio includes over $1.2 billion assets under management, 8 million square feet of industrial, medical office, life science, renewable energy, and office assets across Minnesota, Colorado, Utah, and Carolinas, and over 300 acres of developable land. Mortenson Properties is an integrated solutions provider alongside Mortenson providing equity and construction services with a key focus on sustainability. For more information, visit www.MortensonProperties.com.