The 35,542-square-foot shallow bay industrial building in Charlotte, N.C. was 100% leased.
FAIRFIELD, N.J. — Accordia has announced the acquisition of a 35,542-square-foot shallow bay industrial building in the Southwest submarket of Charlotte, N.C. This marks their first acquisition outside of the Northeast as they focus on their expansion down the East Coast.
The property, located at 14301 South Lakes Drive and constructed in 1985, comprises highly functional, light industrial space, lending itself to a variety of flex and distribution users. The rear-load facility features a glass exterior, an 18-foot clear height, dock-high and drive-in loading positions, a 140-foot deep truck court, and ample parking. The property was fully leased to three tenants at the time of sale.
Located within the South Point Business Park in Charlotte’s Southwest industrial submarket, the property offers convenient access to Interstate 77 and Interstate 485 via Carowinds Boulevard and South Tryon Street. Charlotte’s South End neighborhood and various retail destinations are within a 10-minute drive of the facility. Uptown Charlotte, the Charlotte Douglas International Airport, and the affluent Lake Wylie community are all within a 20-minute drive.
“14301 South Lakes Drive marks Accordia’s first acquisition in the Carolinas as we look to expand outside of the Northeast,” said Matthew Pizzolato, Accordia’s Executive Vice President and head of Acquisitions and Capital Markets. “This acquisition builds on our strategy to acquire highly functional, shallow bay industrial in infill locations below replacement costs.”
About Accordia
Accordia Realty (“Accordia”) is a full-service real estate firm founded in 2005 and headquartered in Fairfield, NJ. Accordia specializes in Asset & Property Management, Development & Construction Management and Marketing and Brokerage Services throughout the United States. For more information on Accordia, visit accordiarealty.com.