Corporate Center Properties has sold Oates Crossing, a four-building, class A light industrial/flex portfolio totaling 235,400 square feet in the Charlotte metro community of Mooresville, N.C.
RealOp Investments purchased the asset for $31.75 million.
Oates Crossing is a best-in-class light industrial portfolio that is one of only two class A parks in the submarket. Originally developed by the seller in 2005 and expanded through 2018, the portfolio is leased to 13 tenants. The property is situated on 15.94 acres at 105 and 115 Corporate Center Drive and 120 and 128 Talbert Road in the Lake Norman area adjacent to Interstate 77.
