Avison Young brokers sale of Amazon fulfillment center in Charlotte suburb
The 400,000+ square-foot industrial building was purchased by a new-to-market institutional investor
Charlotte, NC – Avison Young, a global real estate advisory firm, has successfully arranged the sale of a 402,390-square-foot (sf) industrial building located at 7040 Northwinds Drive NW in Concord, North Carolina to Stonelake Capital Partners, a Texas-based real estate investment firm. An Amazon fulfillment center is the sole tenant at the property.
Avison Young Principals Chris Skibinski, Henry Lobb and Vice President Abby Rights managed the transaction between Stonelake and the seller, SL Industrial Partners, a member of the Silverman Group family of companies. The transaction marks Stonelake’s entry into the Charlotte market amidst strong industrial leasing activity. Stonelake’s acquisition was led by Will Jenkins, Marc Hedrick and Jack Harvey.
“This is a well-positioned facility with a name brand strong credit tenant in place, making it attractive for a new-to-market investor,” said Skibinski. “We’re pleased to leverage our extensive experience in the Charlotte market to represent institutional investors like Stonelake in their first Charlotte industrial acquisition.”
“This asset was our first speculative industrial development project and was the catalyst for our continued growth in the greater Charlotte market for the past decade” said Blake Silverman, President of Silverman Group.
The property is located along the bustling I-85 corridor with easy access to Charlotte’s urban core and suburbs, which continues to experience an influx of new residents.
About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2024 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 13 consecutive years.
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Reilly Lockwood, Media Relations & Content Specialist, South Region: +1.508.808.1202