Trinity Capital Advisors Sells the Linville Building for $19 Million

January 14, 2014

Trinity Capital Advisors and its partners have sold North Charlotte’s Linville Building to a Toronto-based public REIT for $19 million.

The 118,497 SF building was developed in 2008 as the Class A office component of Perimeter Woods, a 100-acre master planned mixed-used development located directly across from Northlake Mall, at the intersections of I-77, I-485, and Harris Boulevard. The five-story building is 96% occupied with tenants including Positec, SGL Carbon, and Regus.

“The Linville office building will make a terrific investment its new owner,” said Gary Chesson, founding partner at Trinity Capital Advisors. “Its location has proven to be even better than we anticipated when we first delivered the building five years ago.”

Trinity Capital Advisors is a value-add real estate investor focused on developing and acquiring office, industrial, retail, and mixed-use assets throughout the Southeastern United States.

The new owner has retained sister company Trinity Partners for leasing and management duties. Trinity Partners’ Director of Investment Property Sales, Dunn Mileham, represented Trinity Capital in the transaction.