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Lucern Capital Partners Completes $12.3 Million Sale of Fully Leased Crosslake Park 

Lucern Capital Partners has completed the sale of Crosslake Park, a 55,000-square-foot multi-tenant industrial property in Charlotte, North Carolina, for $12.3 million, following an approximately 2.5-year hold period. The property was purchased by a family office.  Lucern acquired the asset with a focused value-add strategy: driving operational efficiency, securing new tenants, and maximizing occupancy. By aggressively backfilling vacancies, modernizing building systems, and maintaining hands-on management, the firm revitalized the property, while achieving 100% occupancy. “Crosslake Park is a strong example of our strategy in acPon,” said Frank Forte, Managing Partner and Chief Investment Officer of Lucern Capital Partners. “We were able to acquire a well-located asset, execute on a clear value-creaPon plan, and ulPmately deliver a compelling outcome through disciplined operaPons and leasing.”  Charlotte’s Small-Bay Industrial Market Remains Hot Commodity  The Charlotte industrial market, especially small-bay and shallow-bay assets continues to thrive due to strong population gains, consistent demand from service-driven companies, and local providers. Small-bay vacancy is near 4% in the Charlotte market, about half that of the overall industrial sector, which highlights a pronounced supply-demand mismatch for well-situated, efficient space.  “Demand for small-bay space consistently surpasses available supply,” Forte explains. “Much of the current vacant inventory consists of larger buildings, which don’t always suit the needs of local businesses. When location and product are aligned, competition intensifies in this market segment and that’s our focus.”  Lucern has been an active real estate investor in the Charlotte metro area for over a decade. Their current total investment in this region is around $150 million. About Lucern Capital Partners  Founded in 2016, Lucern Capital Partners invests in light industrial and retail assets in high-growth East Coast markets. The firm pursues value-add opportunities with a disciplined, hands-on approach. Its management team has over $400 million in transaction volume and has completed over $2.5 billion in real estate transactions throughout their careers. Learn more at lucerncapital.com. 

The Miller-Hogue Law Firm, P.C.: Pioneering Women-Owned Real Estate Law

Founded in 2002 by Janeen Miller Hogue at the age of 31, The Miller-Hogue Law Firm, P.C. stands as a testament to female entrepreneurship in the legal sector. As the youngest woman-owned and longest-running solo real estate law firm in Charlotte, it has carved a unique niche in a traditionally male-dominated field. Now in its 22nd year of operation, the firm has consistently achieved annual revenues of $1 million, demonstrating its stability and success in a competitive market. With a team of three, led by Owner/President Janeen Miller Hogue, the firm embodies the spirit of efficient, focused legal practice. Janeen's journey is inspired by a lineage of enterprising women. Her grandmother, with a 7th-grade education, supported her family through the Great Depression by running a basement store. Her mother, despite not attending college, successfully operated a real estate brokerage for decades. This heritage fuels Janeen's belief that owning a business is "boundless and empowering." The firm's success is particularly noteworthy given the challenges of the real estate industry, dominated by large, established law firms. Janeen has skillfully balanced her professional achievements with her roles as a wife, mother to two young boys, and daughter to aging parents. Community engagement is a cornerstone of the firm's ethos. Janeen actively supports women through internship programs like UCREW and CPCC Paralegal Program. She contributes to various organizations, including Self-Help Community Development Corporation and Crossroads Corporation for Affordable Housing and Community Development. Her involvement extends to the Women's Impact Fund and CREW Charlotte, where she serves on the Board of Directors and Executive Team. Janeen's accomplishments have garnered numerous accolades, including being named one of the 50 Most Influential Women by The Mecklenburg Times, a Woman Extraordinaire by Business Leader Magazine, and a Most Admired CEO by The Charlotte Business Journal. She's also been recognized in the Legal Elite by Business North Carolina Magazine and as a Leader in the Law by North Carolina Lawyer's Weekly. The Miller-Hogue Law Firm, P.C. stands as a beacon of excellence in real estate law, proving that dedication, expertise, and a commitment to community can lead to sustained success in a challenging industry.

Strata Project Management Group

Founded in 2021, Strata Project Management Group has quickly established itself as a dynamic force in the construction industry. Led by Principal Amy Johnson, this Charlotte-based firm offers comprehensive project management and consulting services, guiding clients through every phase of construction from feasibility studies to post-construction support. With a team of four dedicated professionals, Strata has achieved remarkable growth in its first three years. The company's revenue jumped from $744,777 in 2022 to $884,159 in 2023, reflecting its expanding influence and client base. As a 55% women-owned business, Strata is breaking barriers in a traditionally male-dominated field. Amy Johnson, recognized as one of Meck Times' 50 Most Influential Women for 2023 and a Woman of Influence in Commercial Real Estate by Globe Street for 2024, brings a unique leadership style to the company. Her "velvet hammer" approach facilitates productive outcomes even in challenging situations, fostering a positive and solution-oriented atmosphere that sets Strata apart from competitors. Strata's commitment to empowering women extends beyond its own walls. The company partners with "She Built This City" to support women and marginalized communities in skilled trades. This dedication to diversity is not just about social responsibility; it's a strategic advantage that brings fresh perspectives and innovative solutions to complex construction challenges. Recent accomplishments include expanding into new markets such as medical and faith-based projects and supporting a start-up client's expansion into Denver and Atlanta. These achievements demonstrate Strata's adaptability and its ability to drive growth for both itself and its clients. As Strata Project Management Group continues to evolve, it remains dedicated to challenging industry norms, promoting gender diversity, and delivering excellence in project management. With its innovative approach and commitment to inclusive leadership, Strata is not just managing projects – it's building a new future for the construction industry.