Trinity Capital Advisors Closes on the Sale of Charlotte’s Ally Center

October 22, 2014

Trinity Capital Advisors is pleased to announce the sale of downtown Charlotte’s Ally Center to Epic, a New York and London-based real estate investment firm. Trinity Capital owned the Class-A downtown Charlotte office tower in a joint-venture with Principal Real Estate Investors. The 371,258 SF, 15-story building is 100% occupied. Trinity Capital co-developed Ally Center in 2009 with Novare Group.

“We’re very proud of our entire team for their dedication to Ally Center, from start to finish,” said Gary Chesson, Founding Partner at Trinity Capital. “We developed the building when Downtown Charlotte’s Third Ward was a fraction of what it is today. It’s very rewarding to watch our development become so successful in what is now our CBD’s most active and most popular ward.”

Ally Center features a diverse tenant roster, including Ally Financial, Driven Brands, HDR Engineering, JELD-WEN, and Trinity Capital’s sister company, Trinity Partners, who successfully leased and managed the building while overseeing Ally Center’s LEED Gold Certification and the popular Pre-Built Suite Program.

“The Ally Center is a great building in a terrific location,” said Jim Halliwell, managing director, dispositions and acquisitions at Principal Real Estate Investors. “We were pleased with all facets of this transaction and enjoyed working with the Trinity team”.

Collins Ege and Sean McDermott of Eastdil Secured represented the ownership in the transaction.