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Transactions - MAY 3, 2021

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Equus breaks ground on spec industrial building in Gaston County, N.C.

by Released

Equus Capital Partners has broken ground on a 300,240-square-foot speculative warehouse logistics facility in Gaston County, N.C. The project, named Carolina 85 Logistics Center, is in Kings Mountain along Interstate 85, and it is strategically located within the Charlotte MSA.

With access to large population centers in both the mid-Atlantic region and Southeast region, industrial space in the Charlotte market is very desirable to larger distributors. The expansion of the Norfolk Southern Intermodal Facility and the Charlotte Douglas International Airport has further improved the industrial market by providing access to key ports such as Savannah, Charleston and Jacksonville. Charlotte’s rapidly growing population (the third-fastest growing major city in the country) of more than 2.6 million people provides a considerable consumer base for industrial users focused on the “last mile” of the distribution chain.

“Charlotte has emerged as a primary distribution nod

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