BATON ROUGE, La. (May 14, 2025) – Trademark Property Company (Trademark), a retail and mixed-use investor, developer, and operator, has successfully recapitalized Perkins Rowe, a 518,830-square-foot mixed-use town center in Baton Rouge, Louisiana, with TriGate Capital, LLC, a leading real estate investment manager.
Trademark has operated Perkins Rowe since 2016 and is pleased to join forces with TriGate, which has had a successful track record owning and operating retail in Baton Rouge.
“Our partnership with TriGate allows us to build on Perkins Rowe’s strong leasing momentum and fortify the property as the premier location in the market for better retail, restaurant, service, entertainment, and office tenants seeking a high profile, amenitized location for their businesses,” said Hunter Boeken, Trademark’s Director of Leasing for Perkins Rowe.
With 384,171 square feet of retail space and 134,659 square feet of Class A office space, Perkins Rowe has a critical mass of curated shopping, dining, entertainment, grocery, and other lifestyle-oriented tenants in an open-air, pedestrian-friendly environment that is already a regular destination for shoppers, visitors, and office workers. Nothing can match the appeal of Perkins Rowe in Baton Rouge – its connection to the community and the State of Louisiana more broadly is decades in the making. Trademark and TriGate plan to refresh and revitalize the property further with improvements to the public spaces, updated signage, modernized office common areas, fresh paint, landscaping, and other placemaking enhancements. These improvements are expected to elevate the merchandising mix even further in the coming years.
Despite challenges brought on by the great financial crisis of 2008, the digital assault on physical retail and the COVID-19 pandemic, Perkins Rowe has survived and thrived, proving its resilience and market dominance for better brands in the Baton Rouge market. Trademark has recently successfully attracted tenants such as Free People, Drago’s, Tacos del Cartel, and Tecovas, and extended key anchor leases including The Fresh Market and Cinemark Theaters.
“Perkins Rowe is the premier mixed-use asset in the market, and we are thrilled to invest in its future alongside Trademark,” said Tom Andrews, Senior Vice President at TriGate. “We look forward to building on Perkins Rowe’s strong foundation, unlocking long-term value, and elevating the experience for tenants, residents, and the surrounding community.”
Based in Dallas, TriGate focuses on the recapitalization and repositioning of commercial real estate assets and companies. The firm primarily targets opportunities in the retail, residential, and industrial sectors across high-growth Sunbelt markets, including Houston, Tampa, Jacksonville, New Orleans, Phoenix, and Nashville. Perkins Rowe is the second asset owned by TriGate in Louisiana, joining the American Can Apartments in New Orleans as part of the firm’s Louisiana portfolio.
About Trademark Property Company:
Trademark Property Company is a full-service real estate firm focused on investments, development, and institutional services of retail, multifamily, office, and mixed-use properties. Fort Worth, Texas-based Trademark has invested in, developed, or redeveloped 21 million square feet of mixed-use, multifamily, and retail assets worth $4.6 billion. Trademark’s experienced team of more than 138 employees is currently responsible for an 18-property portfolio of over 8 million square feet of mixed-use and retail projects across the country. A three-decade leader in navigating the changing mixed-use real estate landscape, Trademark’s purpose is to be extraordinary stewards, enhance communities, and enrich lives. For more information, visit www.trademarkproperty.com or interact on Facebook, LinkedIn, and Instagram.
About TriGate:
TriGate Capital, LLC (TriGate) is a leading real estate investment manager focused on the recapitalization and repositioning of real estate assets and companies. TriGate is based in Dallas, TX and has current assets under management of nearly $2.2 billion through multiple types of transaction structures. The Company’s professionals have significant expertise in real estate operations, debt restructuring, and asset and company recapitalization. TriGate manages four fully discretionary real estate funds, TriGate Property Partners, LP (Fully Realized), TriGate Property Partners II, LP (Fund II), TriGate Property Partners III, L.P. (Fund III), and TriGate Property Partners IV, LP (Fund IV) which are the vehicles through which TriGate conducts its investment strategy along with a recently formed Growth & Income platform. Fund II and Fund III are fully invested, and Fund IV and Growth & Income are presently in their investment period.