Located in Salisbury, N.C. Between the Charlotte MSA and the Triad
Halstatt Real Estate Partners, a real estate private equity firm, today announced its commitment to develop a two-building industrial facility located on the I-85 corridor between Charlotte and the Triad which is comprised of Greensboro, High Point and Winston-Salem. Partnering with Tectonic Real Estate, a Charlotte-based development firm focused on logistic assets across the Sun Belt region, the property will be comprised of two rear-load buildings totaling 614,220 square feet, with 60-foot speed bays in both buildings. In addition, the two buildings will have ample parking containing a total of 505 car spaces and 165 trailer spaces.
“Industrial development in key markets, like Charlotte, remains strong even in periods of economic volatility as tenants continue to look for space within growth markets. The path of progression for industrial development continues to push northeast of Charlotte, highlighting tenants’ desire to be situated near new EV powerplants and within close proximity to several established markets, including Charlotte, Greensboro, High Point, and Winston-Salem,” said Peggy Lamb, principal, Halstatt Real Estate Partners. “Cost-effective industrial land has become increasingly scarce in the corridor due to the rapid expansion of housing and topographical restrictions, making this location ideal for tenants wanting to be close to established markets. We are excited to partner with local developer Tectonic and look forward to bringing this much needed facility to market.”
The property is located within the rapidly expanding Charlotte MSA and the Triad area, providing easy access to the region’s main economic drivers and benefitting from the region’s population growth, which has doubled the U.S. yearly average. The submarket is home to numerous Fortune 500 Companies drawn by the low cost of doing business, impressive infrastructure, interconnected metropolitan area, growing population, robust existing labor pool, quality of life, and in-place lithium resources. This product type is ideal for regional and local users catering towards last-mile distribution centers and ancillary services to the larger warehouse/manufacturing facilities nearby.
“We are excited to join Halstatt Real Estate Partners on this development. They have a great history of being early movers across asset classes throughout the Southeast. This project is extremely well positioned given its location between Charlotte and the Triad. The buildings were configured to accommodate both large and small users, incorporating a functional and flexible design that is in high demand in the current market. We also designed the property with an emphasis on parking for both standard vehicles and trailers and are confident it will be well-received in this high growth region,” said Wake Hamilton of Tectonic.
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout Florida, the Southeast, and Texas. The company partners with project sponsors to develop and implement a strategic business and capital improvement plan to maximize demand driven development and investment opportunities.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has participated in the acquisition and development of over $1 billion in Southeast based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier legacy in Southwest Florida, HREP invests in middle market, value add, and opportunistic commercial and residential real estate projects. HREP works with best-in-class local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of institutional limited partners from fund to fund including charitable foundations and endowments, domestic and international family offices, and corporate pension funds with a history of continuity. www.halstattrealestate.com
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Contacts
Jenna Rambaud
jrambaud@halstatt.com
