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| 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 WAYSM.
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
