Carolina 85 Logistics Heart. Picture courtesy of Equus Capital Companions Ltd.
Stoltz Actual Property Companions has acquired Carolina 85 Logistics Heart, a completely leased 300,468-square-foot distribution heart in Kings Mountain, N.C. Equus Capital Companions Ltd. offered the property for $32.9 million. CBRE represented Equus within the constructing’s sale, whereas Cushman & Wakefield labored on securing tenants.
Positioned at 330 Woodlake Parkway, close to the intersection of Woodlake Parkway and Canterbury Highway, the property is near Interstate 85. Charlotte Douglas Worldwide Airport and the Norfolk Southern Intermodal hub space are additionally close by.
Accomplished in 2022, Carolina 85 Logistics Heart is one hundred pc leased to Ferguson Plumbing and Utz High quality Meals. The constructing options 32-foot clear heights, is positioned on 23.7 acres and consists of 40 dock doorways and 55 trailer parking areas. Moreover, the constructing consists of energy-efficient options corresponding to a warmth load decreasing TPO white membrane roof and LED high-bay lighting.
Carolina 85 Logistics Heart is one other instance of Charlotte’s pattern towards bigger industrial buildings in a fast-growing market. In line with a current CommercialEdge report, the metro had greater than 16 million sq. toes of business inventory below building as of Could, which represented a sizeable 5.4 % of its present inventory. CCC 85, a 290-acre business warehouse park with 5 buildings deliberate, is one other mid- to bulk-size industrial house at present underway alongside the Interstate 85 hall.
CBRE Vice Chairmen Frank Fallon, Jose Lobon, Trey Barry and Mike Hines dealt with the transaction for the vendor.
