TriGate has Sold Crossroads at Tolleson
DALLAS, TEXAS - TriGate Property Partners, L.P. has sold Crossroads at Tolleson, a 98,598 square foot shopping center located within the Phoenix MSA. The property is anchored by NAPA Auto Parts and was 96% leased at sale with a mix of local and national tenants.
The property was the final asset in a portfolio of six retail centers that were acquired in the Phoenix, Arizona market. The five other retail centers were sold between 2013 and 2019. The property was also the last asset remaining in TriGate Property Partners, L.P., TriGate Capital’s successful inaugural fund.
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 is fully invested and Fund III is presently in its investment period.