Trinity Capital Completes Charlotte-Area Industrial Project

Construction wrapped up at Delta Industrial Park. Image courtesy of Trinity Capital Advisors

Trinity Capital Advisors has completed Delta Industrial Park, a 876,587-square-foot industrial building in Gastonia, N.C. The development team included Frampton Construction as contractor, Thomas & Hutton as civil engineer and Merriman Schmitt Architects, which designed the Class A facility.

Construction on the project started in late 2021. Pinnacle Financial Partners provided the developer with financing in the amount of $52.6 million, CommercialEdge data shows.

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Located at 1502 Delta Drive, the cross-dock industrial facility includes 40-foot clear heights, four drive-in doors, 180 dock doors, a 2,820-square-foot office component, ESFR sprinkler systems, 171 trailer parking spots, expandable up to 275, and 196 vehicle parking spots, expandable to 506. Additional features include a high-voltage transmission tower and a fire water tank with a 138,000-gallon capacity.

The 69-acre property is close to Interstate 85, some 19 miles from Charlotte Douglas International Airport and 26 miles from downtown Charlotte, N.C. JLL’s Brad Cherry and Spencer Yorke have been tapped as leasing brokers.

Charlotte’s active pipeline

Charlotte maintains its position as one of the most active markets in the South in terms of industrial development, according to a recent CommercialEdge report. The metro had 14.9 million square feet of space under construction as of June, representing 4.9 percent of its current inventory, with 16 million square feet of space delivered since the beginning of 2022.

Recent projects in the metro includes Bosch’s 325,000-square-foot expansion of its Lincolnton, N.C., manufacturing facility. Graycor Construction Co. serves as general contractor of the $130 million industrial project.