Clarion Partners purchases trophy industrial park in Charlotte, N.C.

Beacon Partners has sold Metrolina Park, an eight-building core logistics portfolio totaling nearly 1.9 million square feet in Charlotte, N.C. New York City–based Clarion Partners, one of the largest industrial owners in the United States, purchased the portfolio on behalf of one of its commingled funds. The financial terms were not disclosed.

Developed by the seller, Metrolina Park is an award-winning master-planned industrial development, which has exhibited the most successful lease-to-core story in the marketplace. The portfolio properties are situated on 114 acres off Statesville Road at an irreplaceable infill location adjacent to Interstate 77. From this prime logistical position, Metrolina offers seamless connectivity to Interstates 485 and 85 — the industrial backbone of the Southeast.

“Despite a highly unpredictable investing environment, industrial real estate remains an incredibly stable and high returning alternative asset class. Evidenced by the Met