News
WHO'S BUYING?
June 20, 2012
| The Charlotte industrial market is attracting out-of-market buyers, such as NJ-based Silverman Group, which recently paid $9.7M for the 560k SF 10000 Twin Lakes Parkway distribution facility. | ||
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| Leasing will continue to be strong enough to translate into upward pressure on industrial rents, according to Cushman & Wakefield-Thalhimer's Warren Snowdon and Chris Norvell, who repped the buyer. That'll keep investors interested, Chris tells us: The I-85 corridor from Greenville to Raleigh in particular has their attention. (But it also attracts police cars: slow down!) | ||
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| Charlotte has scarce new industrial supply (so scarce in fact, we caught this industrial complex while hunting bigfoot), Warren says, but developers are gearing up to build spec industrial during the second half of '12. And there's a shift to locate products closer to the consumer; good news for Charlotte, since its distribution reaches from northern Florida into southern Virginia. Silverman's strategy for the vacant 10000 Twin Lakes (pictured) will be to renovate and re-introduce it to the market to catch some of that demand for distribution space. | ||
