Monday, September 5, 2016

HFF closes sale of Nine-building, 451,213-square-foot industrial portfolio in the Carolinas

Eagleton Downs, 520, 521 and 601 Eagleton Downs Drive, Pineville, NC
and 10401 John Price Road, Charlotte, NC

 CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a nine-building, 100-percent-leased industrial portfolio totaling 451,213 square feet in Charlotte and Raleigh-Durham, North Carolina, and Greenville-Spartanburg, South Carolina, markets. 

HFF marketed the property on behalf of the seller, Dalfen America Corp.  MDH Partners, LLC purchased the portfolio.

The portfolio comprises Stuart Andrew Business Center, Eagleton Downs, Airport Distribution Center and Matrix Business Center.

Chris Norvell
 Six of the portfolio buildings are in the Charlotte market; the two-building, 91,320-square-foot Stuart Andrew Business Center is located at 4216 Stuart Andrew Boulevard and 646 Michael Wylie Drive (Charlotte), and Eagleton Downs, a four-building, 122,940-square-foot industrial center at 520, 521 and 601 Eagleton Downs Drive (Pineville) and 10401 John Price Road (Charlotte).

 Airport Distribution Center, a Class A, two-building, 165,144-square-foot property, is located at 5101 and 5151 Nelson Road in the Raleigh-Durham-area community of Morrisville, North Carolina. 

Matrix Business Center is a 71,809-square-foot, one-building, Class A warehouse building at 500 Matrix Parkway in Piedmont, South Carolina, near Greenville-Spartanburg.

The portfolio is home to 13 tenants, including Professional Builders Supply, LLC; General Electric Company; Worldpac, Inc. and S&N Communications, Inc.  Located along the main southeastern distribution corridor, the buildings are adjacent to major roadways, including Interstates 85, 40 and 77.

The HFF investment sales team representing the seller was led by senior managing director Chris Norvell.

“We continue to see extremely strong demand for industrial investment product throughout the Carolinas,” Norvell said.  “This is particularly true in Charlotte, Raleigh and Greenville, which boast some of the strongest fundamentals among the nation’s secondary markets.  The opportunity to acquire a position in each market via a 100-percent-leased portfolio was well received in the market.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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