SVN Parsons Commercial Group has acquired the North Carolina Interstate 40/Interstate 85 Industrial Portfolio, a collection of 22 buildings located in the greater Charlotte and Triad regions. The final sale price was $86.6 million.
Cushman & Wakefield represented the seller in the transaction.
The portfolio offering totals 1.56 million square feet and was 98 percent leased at the time of sale to a strong tenant roster.
“This portfolio spans two regions in North Carolina and provides immediate scale and upside,” said Ashton, director at Cushman & Wakefield. “The buyer has an opportunity to establish an immediate presence in the state with a large footprint of well-maintained, functional industrial buildings in industrial corridors along major interstates.”
