TriGate Capital Sells Three Property Portfolio in Austin, Texas
DALLAS, TEXAS – A joint-venture between TriGate Capital and Brennan Investment Group sold the final property in a three building, flex industrial portfolio located in Austin, TX. The portfolio, comprising 137,635 square feet, was sold to two different buyers.
TriGate’s Senior Vice President, John Mearns, commented, “One buyer was institutional and the other was a local operator/investor. The active leasing market drove the sales. TriGate signed a new 10,000 sf lease just prior to sale and there was substantial interest in the remaining vacancy during the sales process.”
TriGate would like to thank Kelsey Roop and John Taylor of HFF who brokered the sale 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.
Source: TriGate Capital