Retail

TriGate Capital Sells Transformed Retail Hub in Salt Lake City MSA

TriGate Capital is pleased to announce the sale of The Crossroads at Taylorsville in the Salt Lake City, Utah, MSA. TriGate Property Partners II, LP acquired the shopping center in 2014 from DDR REIT (now SITE Centers), with significant vacancy yet a lot of opportunity. The property is located at the highest trafficked intersection in the state and was well positioned to benefit from both upgrading tenancy and capital upgrades.

Since acquisition, TriGate has achieved significant improvements:

There have been many people and companies that have helped along the way. A big thank you to JAH Realty - Jeff Norman , Peter Conran & Jim Martin , NexBank - Wayne Spencer & Rob Delph , Newmark - Amy Fielding, Legend Partners - Joe Mills . Also to Eastdil Secured - Chris Hoffman, Mark A. Damiani , Chase Levra & Izzy Ahn for a great disposition process and buyer Continental Realty Corporation - Josh Dinstein for a seamless transaction.

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Images & property sources

The property tour on the Investments page follows one continuous geographic imagery pyramid from Earth to aerial views of each property area. The photographs in the cards show the actual investments. Green outlines follow visible site and building edges in the aerial imagery. Crossroads highlights both of its buildings; the property photograph shows Building 100. Aerial dates: Florida, 2023; Nolen Farm and Dallas, 2022. The Nolen Farm card uses a newer community photograph.

Investment locations are based on TriGate’s closed-deal records across the United States. Property-tour dots match their aerial views.