 |
| North 540 Distribution Center, 3401 Gresham Lake Road, North Raleigh, NC |
 |
| Chris Norvell |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced today that its Carolinas investment sales
team has closed the $16 million sale of North
540 Distribution Center, a 235,308-square-foot, Class A, fully-occupied
distribution center in Raleigh, North Carolina.
HFF senior managing
director Chris Norvell, formerly of
Cushman & Wakefield Thalhimer, represented the seller, a partnership
between Meridian Development Group and Singerman Real Estate, LLC, in the sale
of the facility to Chicago-based Hamilton Partners.
North 540 Distribution
Center is located at 3401 Gresham Lake Road in the North Raleigh
submarket.
The facility is situated on
13.3 acres near the interchange of U.S. Highway 1/Capital Boulevard and
Interstate 540, which provides direct access to Interstates 95, 40 and 85, all
major distribution corridors in the Southeast.
The facility features 30’ clear heights, 40’
by 40’ column spacing, 23 dock-high doors, 170’-180’ truck court depths and
approximately 23,000 square feet of office space. Substantially renovated in 2014, North 540
Distribution Center is 100 percent leased to DHL, Express Foods, Ranpak Corp. and
Tiger Direct.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
No comments:
Post a Comment