Trinity Capital Advisors and Nuveen Real Estate have unloaded Alexander Commerce Park, a three-building, 441,072-square-foot logistics portfolio in Raleigh-Durham’s Research Triangle Park. The property sold for $80.2 million. The park, delivered in 2023, is 100% occupied by four tenants, including Upper Deck, Wolfspeed, Wesco, and Running Logistics. Prologis was the buyer.

Trinity has been busy in the Triangle region. Over the past 10 years, the firm has acquired or developed over 9.0 million square feet of office, industrial, and life science assets totaling $2.2 billion in capitalization. Major projects include Eastgate 540 (980,000 square feet across six industrial buildings), 147 Exchange (274,370 square foot industrial building), Park Point (645,000 square foot adaptive reuse life science park), Spark LS (1.7 million square foot life science campus), and Southport Innovation Center (911,000 square foot life science/flex manufacturing campus).

Pete Pittroff, Dave Andrews, and Zachary Lloyd led the JLL Investment Sales and Advisory team representing the seller.

Trinity Partners, a full-service commercial real estate firm headquartered in Charlotte, North Carolina, is establishing operations in Atlanta with the acquisition of APG Real Estate Services, Atlanta Property Group’s (APG) leasing and management platform. The acquisition brings 46 industry professionals and a 19-building, 5 million-square-foot portfolio of property management and leasing services to Trinity Partners.

Trinity’s Adam Colvin added, “With this acquisition, Trinity Partners is officially planting its flag in Atlanta, continuing a growth story that has been playing out across the Southeast.” 

Austin Chase and Robert Pavese will head the Atlanta office, along with Joe Crawford, Sarah Beckom Stevens and Kathy Long, who will oversee and expand Trinity Partners’ Atlanta portfolio. Trinity Partners will lease and manage each office, retail and mixed-use asset within APG’s owned portfolio.

This acquisition brings Trinity Partners to 250 professionals and a 36 million-square-foot leasing and management portfolio. Trinity’s largest parcel in its Atlanta portfolio is the Palisades, a four-building, 639,000-square-foot office campus in Central Perimeter (photo).