TriGate Completes Sale of Industrial Asset in Houston

TriGate Capital, LLC (“TriGate”), a leading middle-market real estate investment manager, completed the sale of Central Park Northwest, a 292,000 square foot light industrial park that sits on 18 acres in the northwest submarket of Houston, TX.  The investment represents a core TriGate strategy of acquiring overlooked, infill industrial properties at discounts to replacement cost.

TriGate, with its joint venture partner, executed its value-add business plan and grew earnings by over 60% over five years, through capital investments in tenant spaces, exterior facades and landscaping, and a targeted marketing campaign.  

Matt Rooney, TriGate’s Managing Director, commented, “The investment was a success on all fronts. By buying an incredible industrial location and making the appropriate strategic capital investments, we attracted different types of occupiers whose businesses were succeeding and repositioned the asset to become the premier service center in the submarket.”

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 current assets of management of nearly $2.0 billion 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 six 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), TriGate Property Partners IV, LP (Fund IV), TriGate Property Partners V, LP (Fund V) and TriGate Income Partners, which are the vehicles through which TriGate conducts its investment strategy.