TriGate acquires Nine-Building Office Portfolio in Atlanta, Georgia
DALLAS, TEXAS - TriGate Property Partners IV, L.P. recently closed on the acquisition of a nine-building office portfolio with a total of 430,000 square feet of office space northeast of Atlanta. The buildings are located at District at Chamblee, a 78-acre campus in Chamblee, Georgia. This investment was acquired off-market in a partnership with Parkside Partners. The new partnership expects the buildings to appeal to tenants seeking office space in highly amenitized, low-rise campus environments with good accessibility. The portfolio is currently 46% leased with leasing activity remaining resilient throughout the pandemic, mostly due to the stable base of government and healthcare tenancy.
Matt Rooney, Vice President at TriGate Capital commented “The portfolio offers a compelling basis below replacement cost in a centrally located part of Atlanta that can cater to both small and large tenants looking for affordable rental rates in an office park that provides numerous amenities”.
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 four fully discretionary real estate funds, TriGate Property Partners, LP (Fully Realized), TriGate Property Partners II, LP (Fund II), TriGate Property Partners III, L.P. (Fund III), and TriGate Property Partners IV, LP which are the vehicles through which TriGate conducts its investment strategy. Fund II and Fund III are fully invested, and Fund IV is presently in its investment period.