Finial Group and TriGate Capital Sell DFW Flex Portfolio
DALLAS, TEXAS – Finial Group and TriGate Capital, LLC closed on the sale of the Westwood Business Park on September 15, 2021 in Dallas, Texas. The disposition of the portfolio is the first full-cycle deal for the partnership. Finial Group has acquired, managed, and leased several industrial projects in the DFW market since opening its Dallas office in 2018, while TriGate has been an investor in the DFW metroplex since 2008.
Matt Rooney, Vice President at TriGate Capital commented “The partnership was able to acquire highly functional industrial space in our hometown market of Dallas and stabilized the property in just over two years. We were thrilled by the execution with Finial and are looking to find additional opportunities for Fund IV across major Texas and sunbelt markets.”
Westwood Business Park is a premier 12-building development consisting of grade-level flex, dock-high flex and high-finish flex product totaling 227,709 square feet located in Dallas, Texas. Finial Group provided both leasing and property management of the project and successfully raised occupancy from 75% to 91% over the hold period. The property is strategically located at the southwest intersection of I-635 and I-35, one of the busiest highway intersections in DFW. This prime location has direct access to densely populated residential areas and in-fill industrial and office parks. JLL represented the partnership on the sale of the portfolio.
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About TriGate Capital
TriGate Capital, LLC (TriGate) is a leading real estate investment manager focused on the recapitalization and repositioning of real estate assets and companies. TriGate is based in Dallas, TX and has completed investments throughout the United States. TriGate’s team has been responsible for acquiring over $1.8 billion of real estate assets through multiple types of transaction structures. The Company’s professionals have significant expertise in real estate operations, debt restructuring, and asset and company recapitalization.
TriGate manages four fully discretionary real estate funds, TriGate Property Partners, LP (Fully Realized), TriGate Property Partners II, LP (Fund II), TriGate Property Partners III, L.P. (Fund III), and TriGate Property Partners IV, LP (Fund IV) which are the vehicles through which TriGate conducts its investment strategy. Fund II and Fund III are fully invested, and Fund IV is presently in its investment period.
About Finial Group
Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute.
For more information, please visit www.finialgroup.com or contact the Finial Group by email at info@finialgroup.com or by phone at 713-422-2100.