Trinity Partners Filling Up Two Office Assets in SouthPark

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.”