Trinity Capital Development Engaged to Develop a Build-to-Suit Project for McKesson at Riverwalk Business Park
April 29, 2014
Trinity Capital Advisors is pleased to announce its affiliate, Trinity Capital Development, has been engaged to develop a build-to-suit distribution facility for McKesson Medical-Surgical, Inc. in Riverwalk Business Park.
The 300,080 SF distribution center will be built on 25 acres of land in the Rock Hill business park located at 885 Paragon Way and will be complete by the end of 2014. Trinity Capital was engaged to develop the project by the current owner of the site, an affiliate of The Assured Group out of Chicago. Assured has hired WGM Design to design the building. InterCon Building Corporation is serving as general contractor, with Assured providing civil engineer services. Trinity Partners’ Terry Brennan represented the owner in the transaction. CBRE’s Stuart Ingram and Tom Evans (Charlotte) and Adam Loges (San Francisco) represented McKesson.
“Our entire development team is looking forward to working with Assured and McKesson,” said Sherrie Chaffin, Trinity Capital Advisors’ Director of Development. “Site work is already underway for the state-of-the-art building, and we’re excited to be a part of Riverwalk’s growth.”
McKesson will join several other high-profile tenants at Riverwalk, including Exel Logistics and Physicians Choice Laboratory Services. Riverwalk Business Park, located off of Cel-River Road in Rock Hill, is a master-planned community that includes corporate manufacturing, distribution, and office sites among a retail and residential center currently undergoing development.
Trinity Capital recently announced another development project, 215 International Crossing in Concord, North Carolina. Trinity Capital’s Walker Collier notes the firm’s shift to development in keeping with their core strategy.
“The shift from acquisition to development has been in the works for awhile, and we’ve continued to focus on finding unique investment opportunities in our region as the market and improves,” said Collier. “We anticipate pursuing more compelling development opportunities as demand continues to improve and as assets sell for more than it costs to reproduce them.”