Trinity Partners Announces Sale of 6201 Fairview Road

msc@trinity-partners.com

Charlotte, NC - July 25, 2023 - 6201 Fairview Road, a 58,064 square foot office building located on a prime corner in the SouthPark office submarket in Charlotte, has officially sold to an entity affiliated with Big V Property Group. Dunn Mileham, David Morris, and Eric Jennings of Trinity Partners handled the transaction on behalf of the seller, an affiliate of The Daniels Company based in Bluefield, West Virginia. Roger Cobb of Selwyn Property Group represented the buyer.

At the time of the sale, the office building was approximately 59% occupied. After purchasing the property in early 2014, The Daniels Company located its offices in the property with plans to relocate its North American headquarters there from West Virginia. Throughout The Daniels Company’s ownership and up until 2020, the property experienced nearly 100% occupancy as tenants enjoyed the unrivaled location adjacent to SouthPark Mall. Trinity Partners handled the leasing and management of the building on behalf of The Daniels Company.

Excellent visibility, walkable access to the abundant area amenities, convenient underground parking, and proximity to decision-maker housing in the surrounding neighborhoods position the investment for continued stability and strong performance. Big V Property Group plans to relocate its Charlotte-based office to the fourth floor of the building, returning the asset to full stabilization.

“Investor interest in the property was very strong given the trophy location, value-add profile, and the dense amenities surrounding the property,” said Dunn Mileham, Division Partner, Investment Sales at Trinity Partners. “The opportunity to own a smaller asset in a deep, competitive, and prestigious submarket allowed investors to push through what has been a difficult capital markets environment. David, Eric, and I were encouraged by the depth of the buyer pool and the continued commitment to Charlotte the investment community demonstrated, in spite of the difficult lending environment.”

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ABOUT TRINITY PARTNERS
Trinity Partners is a full-service commercial real estate firm serving corporate users and institutional owners throughout the United States, with ten service lines ranging from landlord and tenant representation to property management and investment sales. They are known for their entrepreneurial spirit, best-in-class performance, and respected team of commercial real estate professionals, who are directly responsible for the company’s success and collaborative culture. The firm currently leases and/or manages over 22 million square feet of office, industrial, mixed-use, and retail space across the region through their four offices in Charlotte and Raleigh, North Carolina, and Columbia and Greenville, South Carolina.

ABOUT BIG V PROPERTIES
Big V Property Group owns and operates 57 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. The company has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com