SL Industrial Companions, an affiliate of The Silverman Group, has offered a 402,390-square-foot, absolutely occupied industrial facility in Harmony, N.C. The customer is Stonelake Capital Companions, which paid $51 million for the asset, Cabarrus County public data present.
The deal marks the client’s first buy within the Charlotte metro. Avison Younger labored on behalf of the vendor, whereas Stonelake Capital Companions was represented in-house.
The Class A facility is at 7040 Northwinds Drive NW, throughout the Harmony Airport Enterprise Park. The seven-building industrial campus was developed by The Silverman Group and totals roughly 2.1 million sq. toes.
The property got here on-line in 2014 as the primary constructing on the campus and contains 36-foot clear heights, 4 grade-level doorways and 84 dock-high doorways. Amazon is absolutely utilizing the property as a achievement heart.
The one-story constructing is on practically 39 acres, near Harmony Padgett Regional Airport and to Interstate 485, that enables simple connection within the space. The property is 17 miles from Charlotte, 23 miles from Charlotte Douglas Worldwide Airport and inside 64 miles of Winston-Salem, N.C. Vice President Abby Rights and Principals Chris Skibinski and Henry Lobb with Avison Younger labored on behalf of the vendor. Director Mark Hedrick, along with Funding Affiliate Jack Harvey and Accomplice William Jenkins represented Stonelake Capital Accomplice in-house.
Industrial offers in Charlotte
Charlotte’s industrial gross sales quantity reached $683 million as of October, a latest CommercialEdge report reveals. The metro outperformed Baltimore, with $458 million, and Memphis, with $294 million, within the South area. The metro’s industrial emptiness charge clocked in at 4.3 %, preserving its place because the tightest market within the South, considerably under the nationwide determine of seven.2 %.
Important industrial offers closed this 12 months contains LM Actual Property’s $97 million buy of a 1.4 million-square-foot property. The corporate picked up the asset from a three way partnership between Somerset Properties and Waterfall Asset Administration.
In March, Equus Capital expanded its footprint in North Carolina with the acquisition of a nine-building industrial portfolio close to Charlotte and Greensboro. The 1.4 million-square-foot portfolio modified fingers for $124 million by a sponsored value-add fund referred to as Equus Funding Partnership XII LP.
