Real estate development firm Beacon Partners has announced its purchase of four industrial buildings between state highways 16 and 27, north of Charlotte Douglas International Airport, totaling 386,000 square feet, according to a release.
Previously known as the Chemway Industrial Park, Beacon has aptly rebranded the site to the NorthWest Industrial Park, and all of the buildings are fully leased, according to the release. Beacon plans to make improvements right away, including the buildings’ entrances, truck loading areas, exteriors, signs, lighting and parking lots.
The properties are served by rail lines and feature storage and 22-to-28-foot clear heights with dock-high and drive-in loading.
“This property has excellent access and is a familiar property type for Beacon, one that fits well with our existing Charlotte customer base,” Pete Kidwell, Industrial Broker at Beacon Partners, said in a statement. “There continues to be a decreasing supply of centrally located warehouse space in the area, so this property will provide a compelling economic alternative for a variety of businesses.”
Carlson Real Estate, represented by Pete Pittroff and Brad Cherry of real estate investment company JLL, sold Beacon the property in late October. Pete Kidwell of Beacon Partners will handle the park’s leasing. Wells Fargo is the project lender.