Logistic Center Changes Hands for $46.2M in Charlotte’s Southwest Industrial Submarket
- Aug 18, 2016
Charlotte, N.C.—CBRE recently arranged the sale of a 583,021-square-foot business park and more than 14 acres of additional land in Charlotte’s Southwest Industrial submarket. CLT Logistics Center was sold for $46.2 million to Meritex from Carlson Real Estate. Patrick Gildea, Bryan Crutcher and Anne Johnson of CBRE represented the seller in the transaction.
Located at 3100-3401 International Airport Drive and 3100-3140 Yorkmont, the portfolio features high dock-door counts that exceed market average, large truck courts and wide truck entrances. Anchor tenants at include Bimbo Bakeries, FedEx and DC74 Data Centers.
“Well-located, Class-A industrial portfolios in the Charlotte market are in extremely high demand, particularly because they are rare. We garnered interest from a wide variety of institutional and private capital sources from around the nation,” said Gildea in prepared remarks.
Rendering courtesy of CBRE