Search
 

Trinity Partners Filling Up Two Office Assets in SouthPark

CHARLOTTE-The locally based real estate services firm has signed three leasing deals, bringing occupancy up to 85% at the 72,730-sf Sterling View building and 84% at the 62,495-sf Sterling Park structure. The buildings are jointly owned by Grubb Properties and Invesco.

By Robert Anthony | Updated on January 31, 2001

CHARLOTTE-Locally based Trinity Partners has closed on three new leasing deals at SouthPark, raising the occupancy to 85% at the 72,730-sf Sterling View building and 84 % at the 62,495-sf Sterling Park structure. The buildings are jointly owned by Grubb Properties and Invesco.

At Sterling Park, Sterne, Agee & Leach, a New York Stock Exchange broker dealer, is taking 1,450 sf for five years on a full-service contract. Anderson Communications is renewing its 4,796-sf lease for three years. At Sterling View, ITE Engineering is also renewing its 365-sf lease for two years. Trinity’s office specialist Leah Bailey handled the office transactions.

At the two SouthPark buildings, Trinity is quoting $21.50 per sf to $22 per sf, full service. “We prefer a five-year deal, but will consider three (years),” Bailey tells GlobeSt.com. “We don’t pass through any operating expenses, but we do escalate the rent by 4% a year.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.