TriGate Completes the Acquisition of an Industrial Property in Denver
DALLAS, TEXAS – TriGate Property Partners IV, L.P. recently completed the acquisition of an industrial property in a sale-leaseback transaction. The property includes four buildings on 15.2 acres located in Denver, Colorado. The highly functional in-fill industrial property is strategically positioned at the intersection of Interstate 225 and Interstate 70, with rail access, allowing for efficient distribution throughout the Denver MSA. The prior owner is a leading distributor of building and industrial products throughout the United States and will continue to occupy the buildings post-close. The investment was acquired off-market in partnership with the Brennan Investment Group.
About TriGate Capital
TriGate Capital, LLC (“TriGate” or the “Company”) is a leading real estate investment manager focused on the recapitalization and repositioning of commercial real estate assets and companies. TriGate is based in Dallas, Texas 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 has raised 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 has been realized, Fund II and Fund III are fully invested. TriGate is currently raising its fourth fully discretionary real estate fund, TriGate Property Partners IV, LP (“Fund IV”), and the fund is presently in its investment period.