Jones Lang LaSalle Inc.
10/07/2024 | Press release | Distributed by Public on 10/07/2024 13:17
JLL Capital Markets closes the forward sale of premier Charlotte industrial park
CHARLOTTE, Oct. 7, 2024 - JLL Capital Markets announced today the sale of Buildings A and C at 77 Beltway Industrial Park - a two-building industrial development totaling 821,409 square feet in Huntersville, North Carolina.
JLL represented the seller, Indianapolis-based Strategic Capital Partners LLC, in the forward sale to Cabot Properties, a global investor, developer and operator of logistics properties.
The development consists of two speculative logistics facilities with state-of-the-art construction and design features, including 540-foot-deep cross-dock and 260-foot-deep rear-load configurations along with 32- to 36-foot clear heights.
Strategically located along I-77, 77 Beltway offers exceptional visibility and connectivity to the entire Charlotte MSA. Positioned between Lake Norman and Uptown Charlotte, the site also offers strong distribution potential and easy access to a skilled workforce across the region. Additionally, the property is approximately 14 miles from Charlotte Douglas International Airport (CLT), one of the busiest airports globally.
The JLL Investment Sales and Advisory team was led by Senior Managing Directors Patrick Nally and Pete Pittroff, Senior Director Dave Andrews and Director Michael Scarnato.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Strategic Capital Partners
Strategic Capital Partners, LLC (SCP), headquartered in Indianapolis, Indiana, is a commercial real estate firm that develops, owns, operates and invests in properties strategically located in the top tier submarkets of Charlotte, Cincinnati, Greenville/Spartanburg, Indianapolis, Nashville, Northern Virginia and Raleigh/Durham. SCP has acted as the general partner and lead developer/owner in more than 15 million square feet of properties valued at $2.0 billion. While property types vary, SCP's primary focus is industrial development. The SCP team is rich with industry experience in private equity, development, acquisitions, banking, property management and brokerage. For more information, please visit www.strategiccapitalpartners.com
Cabot Properties is an international private equity real estate firm focused on the logistics sector. Founded in 1986, Cabot was one of the first real estate firms to provide institutional investors with access to the industrial property sector and has invested over $15 billion in logistics real estate, served over 4,200 tenants, and operated over 1,600 buildings totaling more than 230 million square feet. Cabot is headquartered in Boston with offices in Atlanta, Chicago, Dallas, Los Angeles, Amsterdam, London, Sydney, Munich, and Tokyo. For more information, visit www.cabotprop.com.