SL Industrial Companions, a member of The Silverman Group, had bought a 293,740-square-foot industrial asset in Greensboro, N.C. The property traded for $29.5 million from Tectonic, in response to Guilford County public information.
SL Industrial Companions now expanded its industrial portfolio in North Carolina to greater than 6 million sq. ft.
Cushman & Wakefield negotiated on behalf of the vendor and is the leasing agent accountable for the property.
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Developed by Tectonic with $16.5 million in building funds from United Financial institution, the asset got here on-line in 2023, CommercialEdge exhibits. The property is at 3618 McConnell Street and gives quick access to interstates 40, 85 and 840. Piedmont Triad Worldwide Airport is 21 miles away, whereas Winston-Salem, N.C., is inside 34 miles of the property.
Sitting on a virtually 23-acre lot, the single-story distribution facility options 36-foot clear heights, ample column spacing, 60-foot velocity bays, 30 dock doorways, ESFR sprinkler techniques and 30 knockouts. Extra options embrace trailer parking and 202 automobile parking spots.
Cushman & Wakefield’s Tom Townes and Ryan Conboy labored on behalf of the vendor. The property is on the market for lease, with the identical staff retained by SL Industrial Companions accountable for leasing efforts.
Large purchases within the space
The information comes after SL Industrial Companions not too long ago bought an industrial property within the state, throughout the Charlotte market. In late November, the corporate bought a 402,390-square-foot constructing in Harmony, N.C., to Stonelake Capital Companions, in a $51 million deal.
One among final 12 months’s important industrial offers closed close to Charlotte and Greensboro. Equus Capital bought a nine-building industrial portfolio for $124 million from Investcorp. Totaling 1.4 million sq. ft, this portfolio contains single-tenant distribution properties.
