INDUS Realty Trust has completed the acquisition of a recently constructed, approximately 50 percent leased, 395,000-square-foot industrial/logistics building in Charlotte, N.C.
The sales price was $42 million.
The asset is located in the Airport submarket of Charlotte and has excellent access to both Interstate 485 and Interstate 85. It increases the company’s Charlotte industrial/logistics portfolio to approximately 1 million square feet, not including the approximately 141,000-square-foot build-to-suit warehouse currently under construction that is expected to be completed by Sept. 30.
