Trinity Capital Advisors Purchases Additional Building Shopton Ridge
August 23, 2013
Trinity Capital Advisors, in a joint venture with PCCP, LLC (PCCP), recently completed the purchase of a fourth building in Charlotte’s Shopton Ridge Industrial Park; the last in the firm’s purchase of American Asset Corporation’s Shopton Ridge portfolio. The building, located at 3915 Shopton Road (18-B) is a 102,400 SF office/warehouse building, formerly occupied by Shutterfly. This completes the firm’s joint-venture purchase within the industrial park, after recent acquisitions of buildings 18-A (3845 Shopton Road), 18-C (4015 Shopton Road), 18-D (3810 Shutterfly Road), and 25 acres of land for development. Trinity Capital now owns 422,000 SF within the park and is currently marketing the land for development.
“We’ve been tracking these assets and land for some time now, and we’re proud to have them as a part of our industrial portfolio,” said Greg Schild, Director of Asset Management for Trinity Capital. “They are exceptionally located, in pristine condition, and well-suited for users who need the flexibility of both office and warehouse space.”
Shopton Ridge is located in the heart of Charlotte’s popular Southwest industrial submarket, with easy access from I-485, I-85, and I-77, and adjacent to the airport and intermodal yard.
“Between the four buildings and the land available for development, we’re well-positioned within the attractive submarket to meet the needs of small to large tenants,” noted Schild. “The submarket’s growth and upgrades to the Intermodal Facility present plenty of opportunity for the portfolio.”
Trinity Partners’ Bill Wood handles the leasing duties for the Trinity Capital Shopton Ridge Portfolio.