Piedmont Properties/CORFAC International, a leading full-service commercial real estate provider serving the southeast, has announced the completion of the sale of 60,000-square-foot distribution facility sitting on 15 acres of I-2 land located at 4001 Morris Field Road in Charlotte.
The property was sold by RGA Enterprises to Realterm Logistics and who completed a lease with CHEP prior to closing.
Christian Samartino and Scott Hensley of Piedmont Properties/CORFAC International represented the seller in this transaction. The buyer represented themselves.
The transaction helped both parties as RGA was able to relocate to a larger facility outside of 485 and CHEP was able to find a new location with enough outside storage to handle their heavy pallet and trailer storage requirement.
Christian Samartino comments, “We were glad to facilitate a transaction where both parties benefit from the acquisition of a larger, more efficient facility for their respective operations. As the market has tightened throughout 2017, many companies have had to make do with what buildings are available. In the case of the Morris Field sale, we continue to see that buildings with outside storage are filling many company’s current needs.”
Piedmont Properties of the Carolinas, Inc. is a commercial real estate firm located in Charlotte established in 1993 in response to demand for a highly responsive and focused firm offering full service commercial real estate expertise to private sector clients, including entrepreneurs and publicly traded entities alike. Piedmont Properties’ vision is to be and build upon our reputation as a high quality, client-oriented real estate service firm offering our services to local and worldwide corporations. Piedmont Properties brings a team approach to the services we provide to our clients by bringing to the table at any one time a team of real estate professionals who can meet the objectives of our clients.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. CORFAC has more than 80 offices throughout the Americas, Europe and Asia and in 2016 was recognized as a top 20 Commercial Real Estate Brokerage Services firm by the National Real Estate Investor. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions in 2015 totaling 500 million square feet of space valued in excess of $8.5 billion.