Halstatt Real Estate Partners announces new 614,220sf industrial development
Halstatt Real Estate Partners announced its commitment to develop a two-building industrial facility located on the Interstate 85 corridor in North Carolina between Charlotte and the Triad, which comprises Greensboro, High Point and Winston-Salem. Partnering with Tectonic Real Estate, a Charlotte-based development firm focused on logistic assets across the Sun Belt region, the property will be comprised of two rear-load buildings totaling 614,220 square feet, with 60-foot speed bays in both buildings. In addition, the two buildings will have ample parking containing a total of 505 car spaces and 165 trailer spaces.
“Industrial development in key markets, like Charlotte, remains strong even in periods of economic volatility as tenants continue to look for space within growth markets,” said Peggy Lamb, principal at Halstatt Real Estate Partners. “The path of progression for industrial development continues to push northeast of Charlotte, highlighting tenants’ desire to be situated near new EV power plants and within proximity to several established markets, including Charlotte, Greensboro, High Point and Winston-Salem. Cost-effective industrial land has become increasingly scarce in the corridor due to the rapid expansion of housing and topographical restrictions, making this location ideal for tenants wanting to be close to established markets. We are excited to partner with local developer Tectonic and look forward to bringing this much-needed facility to market.”
The property is located within the rapidly expanding Charlotte MSA and the Triad area, providing easy access to the region’s main economic drivers and benefitting from the region’s population growth, which has doubled the U.S. yearly average. The submarket is home to numerous Fortune 500 companies drawn by the low cost of doing business, infrastructure, interconnected metropolitan area, growing population, existing labor pool, quality of life and in-place lithium resources. This product type is ideal for regional and local users catering to last-mile distribution centers and ancillary services to the larger warehouse/manufacturing facilities nearby.