JLL Capital Markets handles sale of industrial warehouse with outdoor storage component at 1701 Westinghouse Boulevard located in Charlotte’s premier Southwest submarket

 

 Pete Pittroff

 CHARLOTTE, NC –  JLL Capital Markets has arranged the sale of 1701 Westinghouse Blvd., a 97,100-square-foot industrial facility featuring an outdoor storage component in Charlotte, North Carolina. The price was not disclosed.

 

JLL represented the seller, Selwyn Property Group, and procured the buyer, Granite Canyon Partners.

The property sits on a 15.37-acre parcel along Westinghouse Blvd. and contains over three acres of leasable, outdoor storage in addition to the existing building footprint.

Dave Andrews 

1701 Westinghouse Blvd. is situated in the heart of Charlotte’s Southwest submarket. It is positioned near the I-485 and I-77 interchange, providing connectivity throughout the entire MSA.

It is also conveniently located 10 miles from the Charlotte Douglas International Airport, one of the country’s busiest airports.

The Charlotte industrial market is one of the premier industrial markets in the Southeast, offering excellent regional accessibility, a skilled workforce and a low cost of operation. Charlotte’s inventory is comprised of over 260.4 million square feet of warehouse space.

Josh McArdle

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Pete Pittroff, Directors Dave Andrews and Josh McArdle and Associate Michael Scarnato.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

Michael Scarnato.

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

About Selwyn Property Group

Selwyn Property Group is a leader in Southeastern industrial, office, retail, multifamily, acquisitions, development and brokerage.

Patrick (Pat) Pierce

 Partners Pat Pierce, Grey Poole and Jensie Teague have more than 100 years of combined industry experience.

The firm’s commercial real estate experience is concentrated in the Carolinas, Virginia and Georgia, where they have developed properties in excess of $1 billion and total more than 12 million square feet.

 

About Granite Canyon Partners

 

Granite Canyon Partners (GCP) is managed by two experienced commercial real estate investment professionals, Jay Klug and Paul Kang.

Grey Poole 

Based in Washington, D.C. (HQ) with a satellite office in Durham, N.C., GCP is focused on acquiring retail, industrial/flex, and mixed-use properties across the country with a focus on value-add and opportunistic transactions in the $5-$50M total valuation range.

 

GCP is focused on building a portfolio of durable cash flow with downside protection while delivering exceptional value to our investors.

About JLL

 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.

Jensie Teague

A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise.

 Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

 

  

Contact:

 

Alli Semans,

 Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com