Hamilton EQ Acquires Seven Buildings in Parkway Plaza, Hires Trinity Partners as Portfolio's Leasing Team
Charlotte, North Carolina – February 27 2019 – Hamilton EQ, a multi-generational commercial real estate company based in New York City, has acquired seven buildings in Parkway Plaza. Located in the Airport submarket, the buildings are just off Yorkmont Road and minutes from Interstate 77 and Downtown Charlotte. This is Hamilton’s first North Carolina property in its portfolio.
The buildings, 2, 3, 6, 7, 8, 11, and 12, total 368,871 SF and are spread across 44.05 AC. The office park is home to respected tenants including Xylem, Roundpoint Financial, and Jack Henry.
Parkway Plaza is near an array of Charlotte’s fastest-growing neighborhoods and popular restaurants and retail. The property is walkable to Charlotte Regional Farmer’s Market and mere minutes from Charlotte-Douglas International Airport. Situated just across from Billy Graham Parkway, the portfolio offers prominent traffic visibility and provides branding opportunities for major tenants.
“We are very excited about this purchase,” Malkiel Svei, Hamilton EQ COO, said. “We love the Charlotte market and are looking to purchase additional assets. We view this as an opportunity to continue the expansion of our ownership presence in the South East through the acquisition of a high-quality, institutionally run asset.”
Parkway Plaza will be managed in-house by their own asset services team, Hamilton EQ Management, led by Taylor Cole and Matthew Sexton. The firm has hired Trinity Partners’ office leasing brokers, Maddy Howey and Chase Merkel to lease the property.
“It’s always exciting to work with an owner who’s new to the market, especially one as engaged and focused as Hamilton EQ,” Howey said. “They’re committed to Charlotte, their tenants, and this portfolio, and we’re honored to have the opportunity to represent them.”
Hamilton EQ is currently developing a plan for capital improvements to the portfolio, including a fresh branding system, signage, and updated common areas and tenant amenities. Final plans will be announced once finalized. “We are going to implement an aggressive leasing program including investing significant capital,” Svei said. “We feel that with the track record of our team and the Trinity leasing team, this approach should bear fruit, bringing the occupancy of Parkway Plaza back to a stabilized level in a short period of time.”
“Foundationally, the buildings are in excellent shape,” Howey noted. “Hamilton plans to focus on improving the tenant experience with updates that will enhance curb appeal, update tenant common areas, modernize existing amenities, and add new tenant amenity experiences. We’re confident the improvements, location, and value offered by the portfolio will resonate with tenants and set us apart within the submarket.”
About Hamilton EQ
Hamilton EQ, founded by Malkiel Svei and Pinny Borenstein, serves as the acquisition arm for Hamilton Equity Partners and its management arm, Hamilton EQ Management, is responsible for the day-to-day asset management and property management of the portfolio. Focusing on best-in-class high-end, well positioned office buildings throughout the United States, Hamilton EQ has recently been particularly focused on the Southeastern United States. With a current portfolio of 1.5 Million square feet stretching from Columbia, SC to Syracuse, N.Y. Hamilton EQ is poised for future growth.
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 our 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 20 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.
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