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Avison Young closes sale of 123,140-square-foot industrial asset in Charlotte, North Carolina
The acquisition underscores robust demand for well-located industrial product in the market
Charlotte, NC – Avison Young, a global real estate advisory firm, has arranged the sale of a fully leased, 123,140-square-foot (sf) industrial property located at 6000 Old Concord Road in Charlotte, North Carolina.
Avison Young’s Chris Skibinski, Henry Lobb, Abby Rights and Jewell Gentry represented the buyer, Stonelake Capital Partners. Stonelake’s Will Jenkins, Marc Hedrick and Jack Harvey led the deal. The transaction marks Stonelake’s second off-market industrial acquisition in Charlotte within the past few months arranged by Avison Young. The seller was represented by Scott Hensley of Piedmont Properties.
“We’re pleased to work with Stonelake to complete another off-market industrial acquisition following their entrance to the Charlotte market in late 2024,” said Skibinski. “This property’s ideal location near the bustling I-85 industrial corridor and being fully occupied fueled this significant capital markets sale.”
Avison Young’s Q4 2024 Charlotte industrial market report found investment sales volume slowed significantly in 2024 but the average price per square foot (ppsf) reached $91.16, the highest level in recent years. The Infill submarket remains in high demand with one of the lowest vacancy rates (5.3%) and the second highest average annual direct asking rents ($10.52) in the area.
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