News Our Latest Leasing Assignment: Carmel Park I and II

Aug 31, 2015
Our Latest Leasing Assignment: Carmel Park I and II

Trinity Partners is pleased to announce its newest leasing assignment, South Charlotte’s Carmel Park. The two-building office park was recently purchased by CapRidge Partners, representing the Austin, Texas firm’s first investment in Charlotte.

“We’re honored to work with CapRidge Partners at Carmel Park,” said John Ball, Senior Leasing Agent at Trinity Partners. “Carmel Park has strong fundamentals with its desirable South Charlotte location, good access, and walkable amenities, including everything Carmel Commons Shopping Center has to offer. With new ownership comes new changes, and CapRidge’s renovation plans and customer-service approach to property management will certainly appeal to tenants and prospects.”

CapRidge is planning extensive renovations for the buildings, including lobby and bathroom renovations and outdoor common area updates.

“Carmel Park is a perfect match for CapRidge and our strategy. The buildings are in a great location and offer us the opportunity to add the CapRidge touch by completely renovating the exterior courtyard, the main lobbies, corridors, restrooms, and elevator cabs. This will greatly enhance the day-to-day tenant experience,” said CapRidge Co-Founder, Tom Stacy. “We’ve built our company on the value of service. That’s why we self-manage all of our properties. We exceed the expectations of our clients every day. We look forward to introducing ourselves to Charlotte.”

CapRidge has hired Jerry Clark to serve as Carmel Park’s Property Manager. Trinity’s John Ball, Maddy Kelly, and Rhea Greene will make up the Park’s leasing team.

“We are very honored to have Trinity as our leasing team. They were a great resource when we started looking at Charlotte as a possible target market,” Stacy said. “They clearly have a deep understanding of the market and the factors driving it. After every meeting with them, we come away impressed with their professionalism, knowledge, and creativity. Their energy, enthusiasm, and professionalism are going to mesh really well with our planned renovations for the property. There is a shared culture centered on delivering great service, and we’re looking forward to working with great people and a first-class organization.”

> Carmel Park I and II: 11111 and 11121 Carmel Commons Boulevard
> Ballantyne / South Charlotte Submarket
> 170,128 total square feet on 11.5 acres of land (Carmel Park I: 84,734 SF, CP II: 85,394 SF)
> Major tenants include: Pulte Group, Certus Bank, Gentiva Health Services, and M3 Engineering
> Currently 80% occupied
> Directly adjacent to Carmel Commons Shopping Center

About CapRidge Partners
CapRidge Partners is a value office investor and manager headquartered in Austin, Texas. CapRidge serves the major Texas markets along with select growth markets in the Southeast, Southwest and Mountain West. Founded in 2012 by Steve LeBlanc and Tom Stacy, two proven leaders in real estate, investments and commercial operations with nearly 40 years of combined experience, the company is dedicated to providing superior services to its investors and clients.