Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
1001 Bond Street is a front-load, rail-serviced distribution facility with 21’ clear heights, 200’ building depths, 26 rail doors, 75 dock-high doors (one drive-in) and approximately 100 vehicle parking spaces. Photo courtesy HFF.
Holliday Fenoglio Fowler, L.P. has announced that it has secured acquisition financing for a two-building bulk distribution facility totaling 404,351 square feet at 1001 Bond Street in Charlotte.
HFF worked on behalf of the borrower, a partnership between Trinity Capital Advisors and SilverCap Partners, to place the floating-rate loan with AloStar Bank of Commerce.
1001 Bond Street is a front-load, rail-serviced distribution facility with 21’ clear heights, 200’ building depths, 26 rail doors, 75 dock-high doors (one drive-in) and approximately 100 vehicle parking spaces. The asset is fully leased to Camber Ridge, which uses it to operate the most state-of-the-art tire characterization facility in the world. Situated on 10.5 acres in the Chemway Industrial Park, 1001 Bond Street is located in Charlotte’s Northwest industrial submarket. The property provides direct access via North Carolina Highway 16 to the most important thoroughfares and demand drivers in the area, including the Interstate 485 outer belt, Interstate 777 and Charlotte-Douglas International Airport.
The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and associate director Cory Fowler.
Trinity Capital Advisors focuses on the acquisition and development of institutional quality commercial real estate in the southeastern United States. The firm has invested over $1.8 billion acquiring and developing over 13 million square feet of the most successful workplace real estate projects in North Carolina, South Carolina, Tennessee and Florida, including CBD office towers, industrial portfolios, suburban office parks, and mixed use developments. Investments are capitalized through various Trinity Capital investment vehicles and partnerships with some of the country’s top institutional investors.
SilverCap Partners is a real estate private equity firm focused on the Southeastern United States. The firm’s expertise crosses multiple property sectors with a predominant focus on industrial, retail and office investments.
AloStar offers correspondent services, retail banking and capital requirements between $5 million and $20 million to businesses and individuals across America who are creating their own success stories. AloStar Capital Finance provides customized lending solutions through its Business Credit, Lender Finance and Real Estate Finance platforms. AloStar Capital Finance is a trade name of AloStar Bank of Commerce, Member FDIC.
