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Sky Management warehouse and distribution facility,
107 Tom Starling Road, Fayetteville, NC
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| James T. Belcher |
Fayetteville,
NC— Sky Management Services, LLC, a privately held commercial real estate investment,
development and management company, has announced the selection of
Newmark Knight Frank (NKF) as exclusive leasing agent for its newly acquired,
multi-tenanted warehouse and distribution facility on 107 Tom Starling
Road in Fayetteville, North Carolina.
The
new industrial listing assignment for the approximately 1 million-square-foot
facility will be leased by NKF’s Senior Managing Director Tommy Turner
and Executive Managing Director James Belcher.
Located near
the Interstate 95 corridor, the 120-acre property’s ownership is supporting the
city’s revitalization efforts through high-quality job creation and a
significant donation to the Airborne & Special Operations Museum
Foundation.
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| Thomas W. Turner |
Sky
Management through its affiliate, Northern Charitable Foundation, will support
the Airborne Special Operations Museum as a “Lifetime Benefactor.” The company
announced its pledge at the Fayetteville Cumberland Economic Development
Corporate luncheon.
The $23
million museum serves as the cornerstone of the
downtown Fayetteville revitalization plan. The total military
population of Fayetteville is 60,000 military personnel; most relate to Fort
Bragg, home of The Airborne and Special Operations Forces.
“Our team is
committed to investing in markets that have a strong dedication to defense,
Homeland Security and the armed forces. It’s a true honor to contribute to
the Airborne & Special Operations Museum and to bring new business and
high-quality jobs to Fayetteville,” said Alex Dembitzer, founder of Sky
Management Services.
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| Alex Dembitzer |
Sky
Management recently signed a 100,000-square-foot lease with Landair Logistics, Inc. Landair, a division of Covenant Transportation
Group, Inc. (NASDAQ: CVTI), is a leading dedicated and for-hire truckload
carrier, as well as supplier of 3PL transportation, warehousing and logistics
inventory management services. NKF’s Turner and Belcher represented
the tenant Landair.
“We have
enjoyed working with NKF during our latest signing with Landair and we look
forward to working with them on leasing the remainder of the building,” said Marc Civitillo, managing director of acquisitions at Sky Management Services.
Landair will
occupy 11 percent of the building. Ellery Homestyles, a leading supplier of
private label and home fashion products, is the building’s 484,310-square-foot
anchor tenant. Approximately 342,000 square feet remains available for lease.
“The
completion of the lease with Landair reflects the strong industrial momentum
we’re seeing in North Carolina,” said Turner. “The well-located facility with
highly reputable tenants, 32 foot clear ceilings, a generous parking ratio
and abundant loading offers an ideal opportunity for companies looking to
relocate in a growing submarket like East Fayetteville.”
Sky
Management Services acquired the building in July 2018. The building is
strategically located on the Interstate 95 corridor and four miles from the
Fayetteville Regional Airport.
In addition, the building is in close
proximity to Fort Bragg, the world’s largest military installation, and to
the Raleigh-Durham metro area.
CONTACTS:
Hank Sforzini
Senior Account Executive
1718 Peachtree St., Suite 1048
Atlanta, GA 30309
M: 615.972.9462
or
Liana Moran
T 770.905.9915
