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| Shopton Ridge, Charlotte, NC |
New York, NY, Feb. 5, 2013 - PCCP, LLC has announced it has
formed a joint venture with Trinity Capital Advisors for the acquisition of two
Class‐A industrial properties totaling 211,000 square feet within Shopton
Ridge, a 950,000-square-foot, Class-A industrial park located in the
Southwest submarket of Charlotte, NC.
The buildings are approximately 45 percent leased and
exceptionally well located at the intersection of I‐485 and Highway 160,
providing easy access to major regional roadways I‐77 and I‐85, and the
Charlotte Douglas International Airport less than two miles away.
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| Kevin Chin |
“This investment was an ideal fit for PCCP’s joint venture
equity program because it was an off‐market opportunity to acquire an
institutional-quality, well-located industrial portfolio at an attractive
basis,” said Kevin Chin, vice president with PCCP, LLC. “This is PCCP’s
second transaction with Trinity Capital Advisors, a strong, hands-on operator
with significant ownership experience in this market.”
The buildings were constructed between 2005 and 2008 and
offer tenants the opportunity to lease first generation shell space and to
custom design their office and warehouse improvements, which is unique in the
market. Shopton Ridge is one the newest
and most modern developments in the largest and fast growing industrial
submarket in Charlotte, with over 48 percent of the region’s warehouse inventory.
PCCP’s joint venture partner, Trinity Capital Advisors, is a
Charlotte-based real estate investment firm that currently manages and leases
over three million square feet of industrial product between Charlotte and
Raleigh.
For a complete
copy of the company’s news release, please contact:
.Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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