TriGate Capital Acquires Perkins Rowe, Plans Strategic Upgrades in Partnership with Trademark Property Company

TriGate Capital is pleased to announce the acquisition and recapitalization of Perkins Rowe, a 500,000+ square-foot premier mixed-use development located in Baton Rouge, Louisiana. The property, which includes a vibrant mix of retail, office, and multifamily, was acquired at a substantial discount to its prior trade and the previous lender’s loan balance, positioning the asset for long-term value creation.

TriGate has partnered with Trademark Property Company, who will oversee both leasing and property management for Perkins Rowe.

Located in the heart of Baton Rouge’s high-income residential neighborhoods, major medical centers, and key employment corridors, Perkins Rowe is home to a strong and diverse tenancy, including a mix of local boutiques, regional favorites, and nationally recognized brands.

“Perkins Rowe is a high-quality asset in a growing market, and we’re excited to enhance its long-term value through thoughtful investment,” said Tom Andrews, Senior Vice President at TriGate Capital. “The property benefits from strong in-place tenancy, and with Trademark’s partnership in leasing and management, we’re confident in its continued performance.”

TriGate and Trademark plan to invest significant capital into physical improvements and placemaking enhancements, focusing on both the public spaces and customer experience.

This acquisition reflects TriGate’s continued strategy of investing in fundamentally strong, value-add opportunities across the Sun Belt.