San Diego-based real estate services provider Trigild has entered into a long-term contract to manage a 16-building office portfolio held by Allegiance Realty Corp. of Charlotte, N.C. The companies did not disclose financial terms of the deal, under which Trigild will take over daily financial reporting, lease administration and other operating tasks.
The portfolio that Trigild will oversee is valued between $275 million and $300 million. It includes Class A and B buildings in Ohio, North Carolina, South Carolina, Georgia, Tennessee, Connecticut, Alabama and New Mexico, according to a statement.
The two companies will also be working on future commercial building acquisitions, with valuations ranging from $10 million to $50 million.
—SDBJ Staff Report