SAN DIEGO – Trigild has put its Coldwater/Silvercreek portfolio, which consists of 36 retail strip centers and two office properties throughout the nation, on the market. The San Diego-based firm was appointed the portfolio’s liquidating trustee this past October. It has enlisted Houston-based Allied Advisors to serve as the listing agent. The portfolio has an estimated value of $50 million. The firm is entertaining offers for individual strip centers and groups of properties, as well as the entire portfolio.
The properties included in the portfolio are located in 33 cities and 17 states throughout the Southeast, West and Midwest, including Colorado, Utah, Iowa, Michigan, Illinois, Michigan, Louisiana, Wisconsin, Texas and Indiana. They were all built by a sole developer. The portfolio is currently 74 percent leased. Since its involvement, Trigild has renewed or extended leases on nearly 112,000 square feet of space within the portfolio.
Properties included range in space from 9,000 square feet to 37,000 square feet. They contain between two and seven tenants. Most are shadow anchored by a Wal-Mart Super Store, and many feature national tenants as well, such as Dollar Tree, Game Stop and Radio Shack.