Beacon Partners has purchased two industrial buildings off Westinghouse Boulevard for $8.6 million.
The Charlotte firm bought a 105,600-square-foot building at 10708 Granite St. for $6.6 million and a 67,200-square-foot building at 9701 Brookford St. for $2 million. The Granite Street building will soon have a 25,600-square-foot vacancy.
The deals add to Beacon's existing 2 million-square-foot industrial portfolio in southwest Charlotte.
"Beacon continues to focus on growing our industrial portfolio…Beacon purchases two industrial buildings for $8.6 million
Beacon Partners has purchased two industrial buildings off Westinghouse Boulevard for $8.6 million.
The Charlotte firm bought a 105,600-square-foot building at 10708 Granite St. for $6.6 million and a 67,200-square-foot building at 9701 Brookford St. for $2 million. The Granite Street building will soon have a 25,600-square-foot vacancy.
The deals add to Beacon's existing 2 million-square-foot industrial portfolio in southwest Charlotte.
"Beacon continues to focus on growing our industrial portfolio…
Mission Properties plans to start work soon on a 24-unit luxury apartment complex with underground parking at East Boulevard and Winthrop Avenue in Dilworth.
Headed by Jason McArthur, the firm received approval for the development from the Historic District Commission last year. McArthur expects the project will take 10 to 12 months to complete.
An affiliate of Mission Properties bought the vacant 0.32-acre site this week for $1.05 million. It had been occupied by a two-story apartment building…
Jim Myers & Sons Inc. is expanding and plans to relocate to a 72,000-square-foot industrial building on Westinghouse Boulevard that it bought late last year for $3.25 million.
The company specializes in municipal water and wastewater treatment equipment and systems and had outgrown its 42,000-square-foot facility on Nations Ford Road in Pineville. The new location at 5120 Westinghouse Blvd. is being renovated and will double the company's office space and provide additional manufacturing space as…
Chiquita Brands International has hired JLL to sublease its headquarters space at the NASCAR Plaza building in uptown Charlotte.
Chiquita, which plans to close the headquarters by year end, leases approximately 138,000 square feet on six floors in the 19-story building. It signed a 13-year lease for the space in 2012. Executives with the building's owner, Parkway Properties, have said Chiquita doesn't have any termination rights in its lease.
It is the second-largest block of existing, contiguous…
An affiliate of Gramercy Property Trust has purchased the Time Warner Cable building in southwest Charlotte for $18.2 million.
The 113,600-square-foot building, on 13.5 acres on West Arrowood Road, is a call center, office and operations facility for Time Warner Cable (NYSE:TWC), which occupies 100% of the space.
The seller was a limited liability company managed by The Prescott Group, a real estate firm based in New York that acquired the property in 2006 for $18.1 million.
Patrick Gildea of…
Crescent Communities has confirmed that Whole Foods Market will be the retail anchor for a mixed-use project on East Stonewall Street that will include 450 apartments units, up to two hotels and an additional 15,000 square feet of retail space.
The 47,000-square-foot grocery store will be integrated into the planned apartment project at the uptown Charlotte site and will be immediately adjacent and connected to the light-rail line, with an entry point into the store from the Stonewall station.
The…
TriGate Capital, a real estate investment firm based in Dallas, has purchased the Quail Plaza office building in south Charlotte for $9.6 million.
The five-story building is on Little Avenue, near the intersection of Carmel and Pineville-Matthews roads. The building totals 86,976 square feet and is 87 percent leased
TriGate focuses on value-add investment opportunities where it can recapitalize and reposition properties, according to its website.
The Quail Plaza building was sold by an affiliate…
Speaking at a real estate luncheon in Charlotte on Tuesday, developer Johnny Harris said undeveloped land west of Charlotte Douglas International Airport is the next big development play in the Queen City, and he urged state lawmakers to extend tax breaks on fuel taxes for American Airlines Group Inc. in North Carolina.
Harris spoke at a CREW Charlotte luncheon at Charlotte Country Club and said the thousands of acres in the Dixie Berryhill area between the airport and the Catawba River could be…
Home sales in the Charlotte region climbed 8.8 percent in January from a year ago, according to the Charlotte Regional Realtor Association.
The association reported Tuesday that Carolina Multiple Listing Service figures show 2,359 homes were sold in the region last month, up from 2,169 sold in January 2014.
However, sales activity in the market was slower last month than in December, when local home sales jumped 15.7 percent from a year earlier.
And on a month-to-month basis, home sales were down…
Whole Foods Market is expected to announce that it will open an uptown Charlotte location at a mixed-use development that Crescent Communities is planning on East Stonewall Street.
The grocer will open a free-standing 47,000-square-foot store at the project Crescent is planning on the south side of Stonewall Street, between South Caldwell Street and The Westin Charlotte, real estate sources confirm. Retail blog Restaurant Traffic first reported the news early this morning.
Crescent is planning…