Hunter Douglas bought 201 Southridge Parkway and was additionally its sole tenant. Picture courtesy of Cushman & Wakefield
KORE Investments has acquired a 175,239-square-foot Class A industrial facility in Bessemer Metropolis, N.C. New York-based producer Hunter Douglas bought the asset for $13.5 million, in response to Gaston County public information.
Cushman & Wakefield represented the client and can be advertising and marketing the asset for lease, led by Government Director Matt Treble and Senior Director Andrew DeLamielleure.
In keeping with CommercialEdge, Hunter Douglas acquired the constructing in 2003 for $4.3 million. The earlier proprietor was additionally the only tenant of the now-vacant property.
The manufacturing facility is at 201 Southridge Parkway and contains seven dock excessive doorways with seals, levelers and lights, 4 electrical drive-in doorways, a coated exterior dock for scrap hoppers, a 30,195-square-foot workplace part and 157 automobile parking spots. Moreover, the property additionally options an enlargement pad measuring 70,000 sq. ft.
The 20-acre property is 6 miles from Gastonia, N.C., 10 miles from Gastonia Municipal Airport, 20 miles from Charlotte Douglas Worldwide Airport and inside 28 miles of Charlotte. Moreover, the economic constructing additionally permits entry to Interstate 85 and State Route 74.
Current investments within the metro
12 months-to-date by way of September, Charlotte noticed $686 million in industrial transactions, a current CommercialEdge report reveals. By way of gross sales quantity within the South, the metro was adopted by Tampa ($557 million) and Baltimore ($530 million), however was outpaced by Atlanta ($1 billion). Industrial properties modified fingers at a median sale worth of $96 per sq. foot, whereas the U.S. common stood at $135.
Current gross sales in Charlotte embrace Faropoint’s a acquisition of a three-building industrial portfolio for $33 million. Totaling 312,950 sq. ft, this was the corporate’s second funding out there. In October, EQT Exeter bought Stateline 77, a two-building, 1 million-square-foot industrial campus in Fort Mill, S.C. Rockefeller bought the fully-leased industrial park for $106 million.
