Finial Group Partners and TriGate Capital Complete DFW Flex Portfolio Acquisition
DALLAS, TEXAS – Finial Group and TriGate Capital, LLC closed on the acquisition of the Westwood Business Park on May 21, 2019 in Dallas, Texas. The acquisition is the first for the partnership, which was formed to buy the property. Both Finial and TriGate will continue to pursue management intensive flex and industrial projects in Texas. Finial Group had previously made one other acquisition in the DFW market while TriGate has been an investor in the DFW metroplex since 2008.
Westwood Business Park is a premier 12-building development project consisting of grade-level flex, dock-high flex and high-finish flex product totaling 227,709 square feet located in Dallas, Texas. Finial Group will provide both leasing and property management. The property is strategically located just southwest of the intersection of I-635 and I-35, one of the busiest highway intersections in DFW. This prime location has direct access to densely populated residential areas and in-fill industrial and office parks. Finial Group and TriGate are actively seeking additional acquisition opportunities and plan to expand their presence in the Texas markets in the future.
About TriGate Capital
TriGate Capital, LLC (TriGate) is a leading real estate investment manager focused on the recapitalization and repositioning of real estate assets and companies. TriGate is based in Dallas, TX and has completed investments throughout the United States. TriGate’s team has been responsible for acquiring over $11 billion of real estate assets through multiple types of transaction structures. The Company’s professionals have significant expertise in real estate operations, debt restructuring, and asset and company recapitalization.
TriGate manages three fully discretionary real estate funds, TriGate Property Partners, LP (Fund I), TriGate Property Partners II, LP (Fund II) and TriGate Property Partners III, L.P. (Fund III), which are the vehicles through which TriGate conducts its investment strategy. Fund I and Fund II are fully invested and Fund III is presently in its investment period.
About Finial Group
Finial Group Partners is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute.