TriGate Capital Sells 6 Building Property Portfolio in Minneapolis, MN
DALLAS, TEXAS – A joint-venture between TriGate Capital and Sperry Van Ness|Northco Real Estate Services sold the final property in a 6 building, industrial portfolio located in Minneapolis. The portfolio, comprising 183,758 square feet, was sold to three different buyers for a total of $15.8 million.
TriGate’s Senior Vice President, Paul Sharp, commented, “Being able to effectively execute three separate transactions allowed us to capture the optimal value for the portfolio.”
TriGate would like to thank Avery Ticer of Cushman & Wakefield and Barry Birnberg of SVN|Northco Real Estate Services who brokered the sales on behalf of the joint-venture.
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 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.
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. Additionally, the team has extensive expertise in real estate asset selection and structuring transactions to weather different stages in the real estate investment cycle.