{"id":1004105034,"date":"2014-10-03T15:44:10","date_gmt":"2014-10-03T23:44:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=296379"},"modified":"2021-05-14T16:48:12","modified_gmt":"2021-05-15T00:48:12","slug":"trinity-capital-advisors-announced-300ksf-office-tower-sells-313ksf-perimeter-woods-business-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trinity-capital-advisors-announced-300ksf-office-tower-sells-313ksf-perimeter-woods-business-park\/","title":{"rendered":"Trinity Capital Advisors Announced 300KSF Office Tower, Sells 313KSF Perimeter Woods Business Park"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>Trinity Capital Advisors has announced plans to develop a new 300,000-square-foot office tower in Charlotte\u2019s South End submarket. The 14-story office tower will be located on the gateway corner of Morehead and Tryon streets, offering sweeping views of the CBD skyline. Named 1000 South Tryon Street, the project will be a joint venture between Trinity Capital Advisors and Honey Properties Inc., the site\u2019s longtime owner.<\/p>\n<p>The Class A office building will feature 22,500-square-foot floorplates, street-level retail and a 900-car parking deck. The latter will feature a multifamily fa\u00e7ade fronting Morehead Street.  The project\u2019s design is signed by Atlanta-based Smallwood Reynolds Architects. Development is estimated to take 15 months. Construction will commence as soon as an anchor tenant is signed. Trinity Capital Advisors affiliate Trinity Partners is marketing 1000 South Tryon Street.<\/p>\n<p>\u2018The existing product in SouthEnd\/Midtown cannot keep up with the current tenant demand,\u201d said Trinity Partners\u2019 Rhea Greene. &#8220;With a Class A vacancy rate of 5 percent, the timing could not be better for a new building. The broker feedback is consistent about the need for product.&#8221;<\/p>\n<div id=\"attachment_296381\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Perimeter-Woods-Business-Park.png\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-296381\" title=\"Perimeter Woods Business Park\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Perimeter-Woods-Business-Park.png\" alt=\"\" width=\"300\" height=\"212\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Perimeter Woods Business Park<\/p>\n<\/div>\n<p>Trinity Capital Advisors has recently ramped up activity in Charlotte.  In early September, the company sold the 313,407-square-foot Perimeter Woods Business Park to Stockbridge Capital Group. The 81 percent-leased business park was Trinity\u2019s last remaining asset in the Perimeter Woods mixed-use development, which also included the 300,000-square foot Perimeter Woods retail corridor and the 125,000-square-foot Class A Linville Building office development. Nineteen acres of the Perimeter Woods mixed-use project were purchased by Wood Partners 2009 and 2013 to develop the 246-unit Perimeter Lofts and 203-unit Perimeter Station luxury apartment projects.<\/p>\n<p><a title=\"Trinity Partners Leases 176KSF at Shopton Ridge; Trinity Capital Buys Two Office Buildings in Toringdon\" href=\"https:\/\/www.commercialsearch.com\/news\/cities\/charlotte\/trinity-partners-leases-176ksf-at-shopton-ridge-trinity-capital-buys-two-office-buildings-in-toringdon\/1004103085.html\"><em>As previously reported<\/em><\/a>, Trinity Capital Advisors also purchased the Toringdon 4 and Toringdon 6 office buildings, attaining ownership of the entire six-building, 517,392-square-foot Toringdon Office Park.<\/p>\n<p><em><a title=\"MARKET SNAPSHOT: Charlotte Apartment Market on the Rise: Sales, Rents and Vacancies to Climb in 2014\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-charlotte-apartment-market-on-the-rise-sales-rents-and-vacancies-to-climb-in-2014\/1004100679.html\" rel=\"nofollow\">Click here<\/a> for further Charlotte market data<\/em><\/p>\n<p><em>Image courtesy of Trinity Capital Advisors<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trinity Capital Advisors has announced plans to develop a new 300,000-square-foot office tower in Charlotte&rsquo;s South End submarket.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004105034","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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