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| 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.
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| 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 | www.hfflp.com
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