Logistic Center Changes Hands for $46.2M in Charlotte’s Southwest Industrial Submarket

CLT Logistics Center was acquired by Meritex from Carlson Real Estate in a deal facilitated by CBRE.

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.

CLT Logistics Center
CLT Logistics Center

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