HFF announces $1.467M sale of 18.34-acre development site in the Charlotte area

Sarah Godwin

Chris Norvell

CHARLOTTE, NC – Jan. 4, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $1.467 million sale of an 18.34-acre land parcel within The Park – Huntersville, a master-planned development in the North Charlotte-area community of Huntersville, North Carolina. 

HFF marketed the property on behalf of the seller, Bank of America, N.A., as Trustee for the Bank of America Pension Plan, and Scannell Properties purchased the asset. 

Scannell plans to develop an approximately 150,000-square-foot industrial flex building on the site.  Earlier in 2017, Scannell purchased the adjacent 21.91-acre site from the seller to develop an R&D and manufacturing facility.  This is the third land parcel that HFF has sold within The Park – Huntersville during 2017, for a total of 34.34 acres.

Ryan Clutter

The Park – Huntersville is a mixed-use development with 2.6 million square feet developed, including 1.46 million square feet of office/flex space, 949,000 square feet of industrial, 125,000 square feet of retail, 560 apartment units and an estimated 6,000 daily employees in diverse industries such as healthcare, logistics and distribution, financial services, engineering and racing. 

 Notable employers within The Park – Huntersville include Novant Health, Forbo Siegling, Joe Gibbs Racing, American Tire, General Motors Financial, Kellogg and Max Daetwyler Corporation. 

 Located immediately off the Gilead Road exit of Interstate 77, the Charlotte region’s critical north-south connector, The Park – Huntersville provides access to Uptown Charlotte, the UNC-Charlotte/University City area and executive housing in the sought-after Lake Norman area.

Justin Good

The HFF investment advisory team representing the seller consisted of senior managing directors Chris Norvell and Ryan Clutter, managing director Justin Good, senior director Hunter Barron and director Sarah Godwin.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

 http://www.scannellproperties.com.