Trinity Capital plans to develop Delta Industrial Park, a 600,000 SF Class-A Industrial Building
February 18, 2021
Trinity Capital Advisors (“Trinity Capital”) recently announced plans to develop Delta Industrial Park; a 600,000 SF Class-A industrial building (expandable to 1,000,000 SF) on Delta Drive in Gastonia.
Located immediately off I-85 at Exit 14, the building will be highly visible and easily accessible. The 480’ building is cross-docked, with 130 total dock doors and four drive in doors, featuring 36’ clear heights and 54’ x 50’ column spacing, ideal for a wide range of uses, including manufacturing, distribution, fulfillment, ecommerce, and third party logistics.
“Our ability to offer 600,000 SF and expand up to 1,000,000 SF provides potential customers with tremendous flexibility,” said Massie, Flippin, Partner at Trinity Capital. “The site also has excellent access to I-85 and is well positioned to capitalize on the growing I-85 mega-region between Atlanta and Richmond.”
This is the latest in Trinity Capital’s successful industrial acquisitions and developments across the Carolinas. The firm recently re-entered the Charleston market with plans to develop 850,000 SF of Class A industrial space in Palmetto Commerce Park. Development will begin soon on 48 acres of land in Durham’s Research Triangle Park for Alexander Commerce Park, totaling 441,000 square feet of industrial space across three buildings. Trinity Capital is currently developing Eastgate 540 industrial park’s final two buildings. Once complete, the park will total 980,000 SF across six buildings, with 830,000 SF of the space developed between May 2019 and August 2021.
“The industrial real estate market is benefitting from a lot of tailwind at this point in the cycle. Trinity Capital is excited about recent success and new projects underway. We will continue focusing on growing our industrial platform in the Carolinas and throughout the southeast,” said Flippin.
Trinity Capital has hired Terry Brennan with Trinity Partners to handle leasing for Delta Industrial Park.
Trinity Capital has offices in Charlotte and Raleigh and has been actively investing since 2002. The firm currently owns a portfolio totaling 10 million square feet of institutional-quality office and industrial assets throughout the Southeastern US. To date, Trinity Capital has acquired or developed more than 23 million square feet totaling $3.4 billion in cost, with more than $1.2 billion of equity capital invested.