January 13, 2022 Trinity Capital Advisors, in partnership with Clarion Partners, LLC, plans to develop Edgewood85 Commerce Park which will consist of four Class A industrial buildings totaling one million square feet located on 120 acres along Edgewood Road in Bessemer City, NC. The new development brings Trinity Capital’s anticipated industrial space in the Charlotte region to two million square feet.
“Edgewood85 Commerce Park is Trinity Capital’s third speculative industrial project in the Charlotte region within the last six months,” said Walker Collier, Partner at Trinity Capital. “Our established relationships in the area and knowledge of the market landscape have created opportunities for us to rapidly grow our industrial footprint and have product ready to meet the unprecedented demand for quality industrial space.”
Trinity Capital’s four new industrial buildings at Edgewood85 Commerce Park will range in size from 135,000 to 395,000 square feet with both cross-dock and rear-load configurations. The company, in partnership with Clarion Partners, is scheduled to begin development on a 395,000 square foot building and a 223,000 square foot building this spring.
“We are extremely excited that Trinity Capital has chosen to build their new business park in Bessemer City,” said Donny Hicks, Executive Director at Gaston County Economic Development Commission. “It will provide new speculative industrial space in a city with a long history of successful economic development. The park, and new speculative warehouse buildings, will create significant business recruitment opportunities, jobs and continued expansion of the tax base.”
Edgewood85 Commerce Park is easily accessible off of I-85 at exit 13 and is twenty miles from Charlotte Douglas International Airport. Leasing efforts for the new buildings will be led by JLL’s Jordan Quinn and Spencer Yorke.
“Bessemer City is excited to work with Trinity Capital on the construction of over 1 million square feet of commercial space in our community,” said James A. Inman, City Manager of Bessemer City. “Trinity Capital has chosen Bessemer City for their investment due to a friendly business environment, ample utilities and direct access to Interstate 85 and Charlotte Douglas Airport.”
Trinity Capital now has two million square feet of industrial space planned or in development in the Charlotte region with Edgewood being the company’s third speculative industrial project. The company recently broke ground on Delta Industrial Park, an 880,000 square foot Class A industrial building located on Delta Drive in Gastonia. In addition, Trinity Capital is scheduled to begin Interchange Logistics Center, a 225,000 square foot industrial building located in Huntersville, in the first quarter of 2022.
Trinity Capital’s Industrial Portfolio
Trinity Capital’s significant investment in the industrial market throughout the last eighteen months has established it as a major industrial developer in the Southeast region. Currently, the company has 23 industrial buildings, totaling six million square feet, under construction and in predevelopment. In addition to Delta Industrial and Interchange Logistics Center, Trinity Capital is in the process of developing Alexander Commerce Park, 147 Exchange and Eastgate in Raleigh-Durham, as well as TradePark East and Jedburg Tradeport in Charleston.
ABOUT TRINITY CAPITAL
Trinity Capital Advisors focuses on the acquisition and development of institutional-quality commercial real estate in the southeastern United States. The firm has invested more than $4.2 billion acquiring and developing more than 29 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee, and Florida, including CBD office towers, industrial portfolios, life science parks, suburban office parks, and mixed-use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors. Learn more at trinitycapitaladvisors.com.
ABOUT CLARION PARTNERS
Clarion Partners, LLC, has been a leading real estate investment manager for more than 39 years. Headquartered in New York, the Firm maintains strategically located offices across the United States and Europe. With $65.9 billion in total real estate assets under management, Clarion Partners offers a broad range of equity and debt strategies across the risk/return spectrum to its more than 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector.
The Firm’s Industrial team manages a nearly 850-property portfolio in the U.S. consisting of more than 192 million square feet. More information about the Firm is available at www.clarionpartners.com.