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Dec

28

JV to Deliver 367KSF Industrial Park in Charlotte

By Tony Seruga

The future location of SteelePoint, Charlotte, N.C.

Charlotte, N.C.—A partnership between real estate investment firms Foundry Commercia and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte’s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy, strong user demand and limited new supply.

SteelePoint will be located near the intersection of Steele Creek Road and Westinghouse Boulevard. Foundry closed on four parcels totaling 25 acres from two different sellers, which will allow SteelePoint to offer access from both Steele Creek and Ed Brown roads. Both properties will intersect with Westinghouse Boulevard, the most developed industrial corridor in the submarket. The development will simultaneously deliver a 250,000-square-foot and 117,000-square-foot building, with a 200-foot, shared truck court. Preliminary plans include a tilt-wall construction, 30-foot height and ESFR sprinkler systems with flexible specifications accommodating single or multi-tenant users…

JV to Deliver 367KSF Industrial Park in Charlotte

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