Trinity Capital Advisors, Mortenson Properties Acquire 792,627-SF Industrial Portfolio in Charlotte
Trinity Capital Advisors, in joint venture partnership with Mortenson Properties, has acquired a five-building, multi-tenant industrial portfolio totaling 792,627 square feet in Charlotte and Fort Mill, the firms announced February 6, 2026. The acquisition includes West Pointe Business Center, a three-building industrial park located along West Pointe Drive in Charlotte's Airport submarket, and Lakemont Industrial Center Buildings C and D, situated along Stateview Boulevard in Fort Mill.
The transaction marks the second investment in the Carolinas for the Trinity Capital Advisors and Mortenson Properties partnership, following their recent announcement of Falls Lake Logistics Park, a 977,000-square-foot master-planned industrial development in the Raleigh-Durham MSA.
Portfolio Specifications and Tenant Mix
The five-building industrial portfolio features clear heights ranging from 24 to 32 feet and abundant employee parking. The properties benefit from proximity to I-485 and key regional transportation corridors, providing access to population centers, labor, and logistics infrastructure throughout the Southeast.
Current tenants include Ferguson Enterprises, Barrday Corporation, Graybar Electric Company, National Delivery Systems Inc., and Specialty Delivery & Logistics Inc.
Strategic Rationale and Market Positioning
"This acquisition reinforces our conviction in Charlotte as one of the most durable and liquid industrial markets in the Southeast," said Walker Collier, Managing Partner at Trinity Capital Advisors. "The I-485 Logistics Portfolio offers a combination of infill locations, modern construction, and strong tenant diversity that aligns well with current market demand and long-term fundamentals. When paired with our recent Falls Lake Logistics Park announcement, it highlights the scale and pace of our industrial activity across the Carolinas."
Ryan Bartley, Head of Investments at Mortenson Properties, commented on the transaction: "Charlotte and the broader Carolinas region continue to demonstrate strong industrial fundamentals supported by population growth, transportation connectivity, and tenant demand. This portfolio is well positioned within two high-performing submarkets, and we are pleased to expand our partnership with Trinity."
The acquisition aligns with Trinity Capital's strategy of investing in highly functional industrial assets in high-growth Southeastern markets. Financial terms of the transaction were not disclosed.