Trinity Capital Advisors Sells Huntersville Industrial Development After Establishing 100 Percent Occupancy
October 16, 2023
Trinity Capital Advisors (“Trinity Capital”) completed the sale of Interchange Logistics to Clarion Partners, LLC. The 224,979 square-foot, Class-A industrial development was fully leased in January 2023 to Orbus Holdings, operating as SEG Systems, before the building completed construction.
“We are pleased to have sold our most recent Class-A project to Clarion Partners,” said Walker Collier, Managing Partner at Trinity Capital. “The success of Interchange Logistics speaks to the potential we saw in Huntersville and reinforces our investment strategy in the future through any cycle of the market.”
Trinity Capital began development on Interchange Logistics in February 2022. Located at Hambright and Mt. Holly Huntersville Roads in Huntersville, Interchange Logistics offers tilt-wall concrete construction, 36’ clear ceiling heights, 54 dock doors, and exceptional highway access. The building was designed by Merriman Schmitt Architects and constructed by Edifice.
Trinity Capital is currently developing nearly nine million square feet of industrial space throughout the Southeast United States. The firm’s latest land acquisition and industrial development, 85 Exchange, is a Class-A development totaling 1.3 million square feet in Kannapolis, NC. Phase One, consisting of approximately 315,000 square feet, will be completed by the end of 2023.
“Pre-leasing Interchange Logistics demonstrates the strong demand in the market for well-located products with the right design that meets the market,” said Jordan Quinn, Industrial Partner at Trinity Capital. “As industrial occupiers continue to shift their requirements, we look forward to meeting the needs and changes in the industry.”