Beacon Partners has started construction on two speculative buildings, totaling 375,874 square feet at Carolina Logistics Park, the largest master-planned industrial park within the Carolinas’ most prominent submarket. Building 2, located at 12004 Carolina Logistics Drive is 202,403 square feet and Building 3, located at 12012 Carolina Logistics Drive is 173,471 square feet. The buildings are scheduled for delivery in 3Q 2022.
Buildings 2 and 3 are situated at one of the Park’s two entries at the intersection of Carolina Logistics Drive and Downs Road. Both buildings offer 32-feet clear heights, 180-feet concrete truck courts with ample trailer parking, 6-inch floor slabs, and state-of-the-art architectural elements.
The rapid growth of Carolina Logistics Park has been fueled by strong momentum in the market. The 288-acre park will eventually accommodate up to 3.6 million square feet of Class A space, expanding Beacon’s 3 million square-foot industrial presence in the Stateline Submarket. The Park’s existing tenants include Amazon at 1,006,462 square feet and Empire Distributors at 230,614 square feet. The 525,624 square feet, Building 4, located at 11925 Carolina Logistics Drive, is already underway and scheduled for completion in June. Mass grading, utility extensions and road infrastructure is complete throughout the park. Remaining pads can accommodate an additional +/- 1.5 million square feet over two more buildings.
“While we are seeing good activity for larger prospects in the market, we felt like now is the ideal time to deliver speculative product for those tenants seeking 50,000 to 200,000 square feet,” said Tim Robertson, Industrial Partner at Beacon. “The market currently has a scarcity of similar-sized spaces comprised of both existing product and projects under development. We have conviction that these buildings are well positioned to help solve that demand.”
Robertson is handling leasing for Carolina Logistics Park. General contractor is The Conlan Company, with Merriman Schmitt Architects serving as the architect and Orsborn Engineering Group as the civil engineer. The lender is Wells Fargo. Carolina Logistics Park is located in Southwest Charlotte near the Westinghouse Boulevard and Nations Ford Road intersection. The site sits within proximity to I-77, I-485, Charlotte Douglas International Airport and Charlotte’s Central Business District in Uptown.
Beacon Partners is a Carolina-based commercial real estate firm specializing in the development, leasing and management of office and industrial properties. Beacon leases, owns or manages more than 12.5 million square feet of office and industrial space throughout the Carolinas. For more information on Beacon Partners and its properties, please visit www.beacondevelopment.com or call (704) 597-7757.